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BTC Digital (BTCT.US) rose over 7% before the market opened, as it reached an agreement with Recte Technology and Asia Crypto Mining Fund.

Market IntelThursday, Nov 21, 2024 9:00 am ET
1min read

On Thursday, BTC Digital (BTCT.US) rose over 7% before the US market opened, trading at $19.39. On the news front, BTC Digital recently signed a hosting agreement for 1100 Bitcoin mining rigs, including the ANTMINER T21 and ANTMINER L7 models, with Recte Technologies Company Limited, a digital asset management consulting firm in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund in Asia. BTC Digital will be responsible for deploying these devices in the US and providing hosting, management, and other services.

The signing of this hosting agreement marks further development and influence for BTC Digital in the cryptocurrency mining industry. The company believes that its expertise in hosting, managing, and operating these devices, combined with its deep understanding of the cryptocurrency market, led to the selection of its services by the two clients. The clients also expressed plans to purchase large amounts of Bitcoin mining rigs in the future and intend to entrust BTC Digital with further hosting and management, which may establish a long-term stable partnership.

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rw4455
11/21
Long-term partnership vibes, bullish on BTC Digital.
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Fit-Possibility-1045
11/21
BTC Digital's play in the US mining scene is looking solid. If they keep securing big-name partnerships, they're setting themselves up for major gains. I'm all in for now, holding a modest position, hedged with $AAPL. Crypto's wild ride ain't over yet!
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GarlicBreadDatabase
11/21
That 7% pop is just a taste. More deals like this? BTC Digital could be unstoppable. Long-term gains incoming!
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Buffet_fromTemu
11/21
$BTC holding strong, might DCA a bit more.
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serenitybybowie
11/21
Antminer T21 and L7? That's some serious beef
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foureyedgrrl
11/21
BTC Digital going brrr with those miners. 💪
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NRG1788
11/21
🚀 Bitcoin mining's the next gold rush, and $BTCT's at the forefront. Future's looking green, fam. 🤑
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gameon-manhattan
11/21
Holding $BTCT for long haul, crypto game isn't about short term gains anymore, patience pays off here
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