BTC Digital Ltd. (NASDAQ: BTCT) shares moved lower early Tuesday. The company, a global leader in Bitcoin (BTC) mining, announced today that its strategic contract with BITMAIN, a renowned mining hardware manufacturer, is progressing smoothly. BTCT plans to deploy 2,000 units of BITMAIN's high-performance T21 miners to its North American mining facilities within the next three to six months.
The T21 miners, BITMAIN's latest flagship product, boast exceptional computational performance (190T per unit) and efficient energy utilization (3610W per unit). Upon completion of this deployment, BTCT's total hash rate capacity will reach 600P, nearly tripling its current capacity.
BTCT is accelerating preparations, including detailed logistics, equipment installation, and network optimization plans, to ensure the new miners are operational within the scheduled timeframe. Once operational, these high-performance miners will significantly enhance BTCT's mining efficiency and competitiveness, increase Bitcoin output, and solidify its position as a leader in the global cryptocurrency mining market.
CEO Yupeng Guo stated: "The introduction and deployment of the T21 miners mark a significant milestone in the evolution of our mining operations. These devices will boost our mining capacity, optimize energy efficiency, and create greater potential value for our company. We look forward to continuing our collaboration with BITMAIN to advance the cryptocurrency industry."
BTCT shares lost 30 cents, or 2.1%, to $14.33.
