What's Going On With Blockchain Technology Company BTC Digital Today?

BTC Digital Ltd. BTCT shares are down in the premarket session on Wednesday.

On Tuesday, the company announced that it has entered into an asset purchase agreement with BITMAIN TECHNOLOGIES DELAWARE LIMITED to acquire 2,000 units of T21 Miners for $5.32 million.

The company said that with a single machine hash rate of up to 190TH/s, the combined hash rate of 2,000 machines may be as high as 380,000T.

The power consumption of this model of miners is only 3610W per unit of miner, showcasing its energy efficiency.

BTC Digital plans to deploy these high-performance miners in U.S. mining facilities. 

After deploying the 2,000 units of newly acquired miners, the company expects to have a total of 4,174 units of miners under operation, with a total hash rate reaching 614PH/s. This represents nearly three times the combined hash rate of the machines owned by the company under operation as of today.

On December 27, the company 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. 

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Price Action: BTCT shares are trading lower by 5.457% to $3.9240 premarket on the last check Wednesday.

Photo: Andre-Francois-McKenzie via Unsplash