BTCT News & Events

BTC Digital announced that it has entered into definitive agreements with institutional investors for the purchase and sale of approximately $7M of Ordinary Shares and pre-funded and investor warrants at a price of $1.14 per Common Unit. The offering consisted of the sale of 6,140,350 Common Units, each consisting of one Ordinary Share or one Pre-Funded Warrant and two PIPE Common Warrants to purchase one Ordinary Share per warrant at an exercise price of $1.71. The offering price per Common Unit is $1.14. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of Common Units in the offering will be decreased on a one-for-one basis. The initial exercise price of each Common Warrant is $1.71 per Ordinary Share. The Common Warrants are exercisable immediately and expire 60 months after the initial issuance date. Gross proceeds to the company are expected to be approximately $7M. The potential additional gross proceeds to the company from the Common Warrants, if fully-exercised on a cash basis, will be approximately $21M. No assurance can be given that any of warrants will be exercised. The transaction is expected to close on or about June 29, subject to the satisfaction of customary closing conditions. Aegis Capital is acting as exclusive placement agent for the private placement.

BTC Digital announced that it has entered into a Joint Development and Operation Agreement with Aurora Energy to jointly develop an off-grid natural gas-powered computing infrastructure project in Alberta, Canada, and to further explore the integration of AI compute infrastructure with energy systems. In the first phase, the project is expected to develop a 5-10 MW natural gas-powered computing facility by utilizing locally stranded natural gas resources for on-site power generation, providing stable and cost-efficient electricity for high-performance computing equipment. The infrastructure is expected to support Bitcoin mining operations initially and may be further expanded to serve AI computing, data center computing, and other high-performance computing applications.

BTC Digital has entered into a strategic framework cooperation agreement with Fog Computing to establish a strategic partnership focused on AI computing infrastructure, liquid-cooled data center computing services, technology collaboration, and market expansion. Pursuant to the agreement, Fog Computing will leverage its proprietary modular liquid-cooled data center technology to provide BTCT with AI computing resources, including GPU computing power, storage, networking, and related infrastructure. BTCT plans to utilize these computing resources to support its ongoing needs in AI training, inference, and model deployment, while improving computing efficiency and optimizing operational costs in line with its business strategy across blockchain and AI computing services. In addition, the two parties will engage in technology collaboration and joint innovation, with a focus on areas such as liquid-cooling adaptation for AI workloads, computing energy efficiency optimization, and automated operations and maintenance. Furthermore, BTCT and Fog Computing intend to cooperate on brand building and market development, including participation in industry conferences, technical forums, and joint marketing initiatives, to promote the large-scale adoption of AI computing infrastructure.