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SINGAPORE - BTC Digital Ltd. (NASDAQ:BTCT), a $24.35 million market cap blockchain technology company showing 29% revenue growth over the last twelve months, announced Tuesday that its 20 MW cryptocurrency mining project in Georgia has reached a significant milestone with plans to implement both air-cooling and liquid-cooling systems. According to InvestingPro analysis, the company maintains a strong financial position with a current ratio of 27.5x, indicating robust liquidity to fund its expansion plans.
The blockchain technology company has secured agreements with contractors and suppliers for its 9 MW air-cooling solution, with deployment expected to begin in October 2025. InvestingPro data reveals multiple investment signals for BTCT, with 8+ additional exclusive insights available to subscribers.
In a parallel development, BTC Digital will introduce liquid-cooling technology at its Georgia facility for the first time. The company has developed proprietary liquid-cooling components and formed a strategic alliance with a liquid-cooling supplier, according to the press release.
The liquid-cooling system is expected to lower Power Usage Effectiveness, increase hash-rate density, and improve operational stability compared to traditional air-cooling methods.
"Establishing Georgia’s first liquid-cooled mining facility underscores our commitment to high-efficiency and green-mining solutions," said Siguang Peng, CEO of BTC Digital Ltd.
The company stated that the liquid-cooling technology will improve energy utilization and heat dissipation, potentially lowering per-unit hashrate costs. BTC Digital also indicated the project is designed to minimize onsite greenhouse gas emissions as part of its environmental objectives.
Installation and testing of the liquid-cooling equipment will run concurrently with the air-cooling build-out, the company reported.
BTC Digital describes itself as a blockchain technology company with operations in cryptocurrency mining, mining farm construction, and related services in North America.
In other recent news, BTC Digital Ltd. has expanded its cryptocurrency mining operations by deploying new mining equipment. The company has introduced 400 Bitmain Antminer T21 machines, which increase its Bitcoin mining hash rate by approximately 76 PH/s. Additionally, BTC Digital has enhanced its Litecoin mining capacity with the installation of 24 Bitmain Antminer L9 machines, adding an extra 380 GH/s. This expansion is part of the company’s strategy to improve productivity and revenue stability in its mining operations. CEO Siguang Peng highlighted that this move sets the stage for potential large-scale expansion in the future. The newly added T21 miners are equipped with advanced air-cooling systems to ensure efficient heat management. BTC Digital is also venturing into Litecoin mining, with plans to scale up operations soon. These developments underscore the company’s commitment to growing its cryptocurrency mining capabilities.
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