CIIT Taps BTCT for Cryptocurrency Mining Machine Hosting Services
Tianci International Inc., a global logistics services provider, has entered into a cryptocurrency mining machine hosting agreement with BTC Digital Ltd. (Nasdaq:BTCT). Under this agreement, BTCT will provide professional hosting, deployment, and operations and maintenance support for the recently contracted cryptocurrency mining equipment purchased by CIIT.
The hosting arrangement establishes a service framework for the deployment and operation of the equipment following delivery. BTCT's services include hosting facilities, electricity, network connectivity, environmental controls, security, technical support, and installation and testing.
According to Shufang Gao, CEO of CIIT, 'Following the execution of the mining machine purchase agreement, we immediately began preparations for hosting and deployment.' The company aims to ensure that the equipment is deployed smoothly and operates reliably while using actual operating data to gain a clear understanding of hashrate, energy consumption, and costs.
The partnership plans to evaluate additional hosting capacity and opportunities for further technical and operational cooperation. CIIT will also explore alternative hosting locations, power arrangements, and cooperation models based on its risk management needs in an effort to reduce the risks associated with excessive operational concentration.