BTC Digital Shares Surge as Company Announces AI Data Center Project

BTC Digital Ltd.'s shares surged by over 22% in premarket trading on Tuesday, as the company announced a memorandum of understanding (MOU) with Nam Trang Cat Investment and Development Joint Stock Company (NTC) and SG Partners Co., Limited (SGP).

The MOU covers the evaluation and preparation of an artificial intelligence data center project in Hai Phong, Vietnam. The framework includes feasibility work, site readiness, power access, technical planning, and financing preparation.

NTC confirmed a planned power load of about 300 MW at the Nam Trang Cat Industrial Park, which spans approximately 2 million square meters. Under the MOU, NTC will support local project coordination and help verify site, power, and infrastructure conditions.

BTC Digital will provide its digital computing infrastructure expertise and international business resources for project assessment and technical preparation.