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