BTC Digital Provides Updates on its Digital Currency Business For Q2 2023; As Of June 30, 2023, BTC Digital Had Deployed A Total Of 1,754 BTC Miners In Operation, With A Total Mining Hash Rate Of 188PH/s And A Total Output Of 35.07 BTC
Portfolio Pulse from Happy Mohamed
BTC Digital Ltd. (NASDAQ:METX) has provided updates on its digital currency business for Q2 2023, reporting that it had deployed 1,754 BTC miners with a total mining hash rate of 188PH/s and a total output of 35.07 BTC. The company has also deployed 200 S19J PRO mining machines, increasing the mining hash rate by 22 PH/s. BTC Digital plans to acquire more BTC miners by the end of 2023 through share issuance, mergers and acquisitions, or financings. The company is also considering building or acquiring BTC miners in North America, reducing energy costs, and developing a custody business.
September 05, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
BTC Digital's Q2 2023 report shows active expansion in its BTC mining business, with plans for further growth. This could potentially increase the company's revenue and profitability, positively impacting its stock price.
The company's active expansion in its BTC mining business and plans for further growth indicate a potential increase in revenue and profitability. This could attract more investors, driving up the demand for the company's stock and potentially increasing its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100