Bitcoin mining company BTC Digital announced the completion of a $20 million financing
ChainCatcher news, according to a press release, the publicly listed Bitcoin mining company BTC Digital (NASDAQ: BTCT) announced that its underwritten public offering has successfully raised $20 million. The funds will be used for infrastructure and energy expansion, computing power expansion, and research and development of innovative mining machines.
The company plans to build and expand multiple mining sites in North America, focusing on improving the efficiency of existing facilities. By utilizing green energy, it aims to reduce carbon emissions. The company expects its self-mining operations to reach a scale of 20 megawatts by mid-2025, providing stable support for self-mining and hosting services.
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