BTC Digital (BTCT, Financial) saw its stock rise over 7% in pre-market trading, reaching $19.39. This increase follows the company's recent signing of a hosting agreement with Recte Technologies Company Limited and the Asia Investment Fund SP2, both of which are prominent players in the digital asset management and cryptocurrency mining sectors in Asia.
Under the agreement, BTC Digital will host 1,100 Bitcoin mining machines, including models such as the ANTMINER T21 and ANTMINER L7. The company will manage the deployment and provide hosting services for these machines in the United States. This move underscores BTC Digital's expanding role and influence within the cryptocurrency mining industry.
The company attributes its selection by these clients to its expertise in equipment hosting, management, and operations, as well as its deep understanding of the cryptocurrency market. Both clients have expressed plans to purchase Bitcoin mining machines on a larger scale in the future and intend to engage BTC Digital for further hosting and management services. This could pave the way for a long-term and stable partnership between the parties involved.
