BTC Digital Ltd. Announces Acquisition of Mining Facility in North Carolina [Yahoo! Finance]
BTC Digital Ltd. - Ordinary Shares (BTCT)
Company Research
Source: Yahoo! Finance
announced that it has entered into a definitive agreement under which the Company will acquire a BTC mining facility located in North Carolina , equipped with a stable power load of 10 megavolts (MV). The total consideration for BTC Digital's acquisition amounts to $3.4 million This strategic acquisition is poised to enhance BTCT's core competencies in several key ways: Effective Cost Reduction: The acquisition is expected to significantly lower the operational costs of the mining activities. As the difficulty of Bitcoin mining continues to rise, possessing greater computational power at lower costs will enable the Company to maintain a competitive advantage in the fiercely competitive market. Long-Term Stable Energy Supply: Owning and operating a mining facility with a long-term horizon implies a sustained energy supply. A stable energy supply will contribute to reducing operational risks in mining, enhancing the Company's ability to withstand industry and market fluctuations,
Show less
Read more
Impact Snapshot
Event Time:
BTCT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BTCT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BTCT alerts
High impacting BTC Digital Ltd. - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
BTCT
Sec Filings
- 5/15/24 - Form 10-Q
- 4/15/24 - Form 10-K
- 4/1/24 - Form NT
- BTCT's page on the SEC website