BTCT -4.30% Add to/Remove from WatchlistSHENZHEN, China - BTC Digital Ltd. (NASDAQ: BTCT), a blockchain technology company, has announced the purchase of a mining facility in North Carolina for $3.4 million. In addition to cost savings, BTC Digital plans to offer advanced hosting services for mining rigs, aiming to meet the increasing demand for Bitcoin mining and reinforce its position in the digital currency mining industry. The management of BTC Digital views this acquisition as a key element of the company's strategic development and a proactive measure in response to the evolving trends within the digital currency mining sector. BTC Digital Ltd. is engaged in various blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, and mining pool and data center operation. The information about this acquisition is based on a press release statement from BTC Digital Ltd.

Source: The North Africa Journal March 12, 2024 12:36 UTC