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Crypto

BTCT Soars as Georgia Mining Project Nears Deployment

Guavy AI Editorial Team
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BTC
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BTCT shares more than doubled in value on Monday to reach its highest level this year. The surge came after BTC Digital, the company behind the ticker, announced that its Georgia cryptocurrency mining project was nearing deployment.

The facility is planned to support around 900,000 TH/s of theoretical processing power when fully operational. This represents roughly 0.1% of the Bitcoin network's current processing power of 900 EH/s.

BTC Digital also plans to build an AI processing center at the site in stages, starting with 5 MW and potentially expanding the capacity to 25 MW.

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