BTC Digital Snapped Mining Facility in North Carolina for $3.4M
Portfolio Pulse from Benzinga Newsdesk
BTC Digital Ltd. (NASDAQ:BTCT), a blockchain technology company, has announced the acquisition of a BTC mining facility in North Carolina for $3.4 million. The facility is equipped with a stable power load of 10 megavolts.
March 12, 2024 | 12:05 pm
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BTC Digital Ltd. has expanded its operations by acquiring a BTC mining facility in North Carolina for $3.4 million, indicating growth in its mining capabilities.
The acquisition of a BTC mining facility by BTC Digital Ltd. represents a significant expansion of the company's mining operations and capabilities. This move is likely to be viewed positively by investors as it indicates growth and investment in the core business of BTC mining. The financial commitment of $3.4 million also reflects the company's confidence in the profitability and future of BTC mining. Given the direct impact of this acquisition on BTC Digital Ltd.'s operations and potential revenue, it is expected to have a positive short-term impact on the company's stock price.
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