BTC Digital Stock Surges 60% as Georgia Project Nears Completion

BTC Digital (BTCT.US) has seen its stock surge approximately 60% in pre-market trading, driven by the progress of its 10-megawatt computing power project in Georgia.

The company's management stated that the project is approaching 'deployment-ready' status and expects to deploy high-performance cryptocurrency mining machines within two months. The theoretical hashrate of the facility can reach up to 900,000 TH/s, but actual deployment will depend on various factors such as power-on progress, mining machine models, and energy efficiency.

BTC Digital is transitioning from a pure-play cryptocurrency mining company to a provider of 'cryptocurrency hashrate resources + AI computing infrastructure resources.' The company plans to utilize its existing advantages in power resources and computing infrastructure leasing to build a more diversified business foundation for long-term growth.