BTC Digital embarks on bitcoin mining expansion in southeastern U.S.

seekingalpha
2024-11-26
  • BTC Digital (NASDAQ:BTCT) is actively seeking business opportunities in Southeastern U.S., particularly Arkansas, Tennessee, Georgia, and Missouri, to further expand the scale and number of its mining facilities.
  • The company is exploring various approaches, including building new facilities, acquiring existing mines, and forming strategic joint ventures with local businesses or institutions.
  • The Southeastern U.S., known for its abundant energy resources, is a key region for BTCT's expansion plans. After a thorough evaluation, the company will prioritize projects aligned with renewable energy and low-carbon emission goals.
  • "Through this expansion plan, we aim to optimize resource allocation, improve operational efficiency, and demonstrate our commitment to long-term development to our investors and the market," said BTCT's CEO.
  • BTCT shares were down nearly 2.74% in trading on Tuesday.
  • Source: Press Release

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