Why Blockchain Technology Company BTC Digital Shares Are Rising Today

BTC Digital Ltd. BTCT on Wednesday announced the entry into a Bitcoin BTC/USD miner management and technical service agreement with a client.

The company inked the pact with plans to provide management and technical services for the client's 1,480 Bitcoin mining machines, including devices such as AntS19Jpro+ and the M50 models. 

Also See: What's Going On With Cipher Mining, CleanSpark And Hut 8 Shares?

BTCT will oversee the deployment of these devices in the U.S., providing both management and technical services.

The company believes that its device management and operational technology, coupled with its understanding of the cryptocurrency market, led the client to choose BTCT's services. 

In addition to the Service Agreement, BTCT and the client plan to collaborate in other areas in the cryptocurrency mining sector.

"We target to provide the client with efficient and reliable management and technical services hope that this agreement presents an opportunity for us to accelerate our development in the cryptocurrency mining field," said the Chief Executive Officer, Alan Peng.

On December 7, BTCT announced the launch of its Bitcoin miner accessories business.

Commenting on the newly launched BTC miner accessories business, Peng earlier stated, "We are excited to expand our services and provide more support to the cryptocurrency mining industry."

Read Next: Why First Wave BioPharma Shares Are Skyrocketing Today

Price Action: BTCT shares are trading higher by 7.55% to $4.340 on the last check Wednesday.