BTC Digital acquires North Carolina BTC mining facility for $3.4M, including $400K in shares

BTC Digital Ltd.

Total consideration of $3.4 million; $400,000 paid in ordinary shares valued at 5-day average closing price.
Facility with 10MW electrical load; delivery scheduled on or before May 31, 2024.
Acquisition expected to lower operational costs and provide long-term stable energy supply.
Buyer is wholly owned subsidiary Meten Service USA Corp.; Seller is Alpha Plotter, LLC.
Equity issued as part of consideration constitutes an unregistered sale of securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BTC Digital Ltd. entered into Acquisition Agreement with Alpha Plotter, LLC valued at $3.4 million (effective 2024-03-09).

Action: entry
Agreement: asset purchase
Counterparty: Alpha Plotter, LLC
Value: $3.4 million
Effective: 2024-03-09

Exact text from the filing

On March 9, 2024, and Meten Service USA Corp. (“Meten”), a wholly owned subsidiary of BTC Digital Ltd. (the “Company”), entered into an acquisition and purchase agreement (the “Acquisition Agreement”) with Alpha Plotter, LLC (the “Seller”) to acquire the Seller’s BTC mining facility under construction in North Carolina (the “Facility”).

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BTC Digital Ltd. filing history →

Source: SEC EDGAR

accession 0001213900-24-021909

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