BTC Digital Ltd. announced on December 10, 2024, the strategic deployment plans for the $20 million in funding secured from its recently closed underwritten public offering. The company is committed to scaling its mining operations using sustainable green energy solutions and enhancing its computing power deployment capabilities.
The proceeds will be strategically allocated across three core areas: Infrastructure and Energy Expansion, Computing Power Expansion, and R&D Investments. This focus aims to solidify BTCT's leadership position in the industry and drive technological innovation.
Mr. Peng Siguang, Founder and CEO of BTCT, stated that this funding marks a significant milestone, enabling breakthroughs in green energy applications, technological innovation, and customer service. The company's mission is to promote sustainable development within the blockchain industry while creating greater value for its customers.
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