BTC Digital acquires Arkansas Bitcoin mining facility for $1.99M

BTC Digital Ltd.

Total consideration: $1,530,000 cash/USDT, $360,000 in ordinary shares (6-month lockup), $100,000 holdback.
Acquired Quench Data LLC, which owns a 6MW long-term stable power load facility in Arkansas.
Expected closing within 7 business days after June 28, 2024, subject to customary conditions.
Company cites reduced operational costs, stable energy supply, and enhanced hosting services as strategic benefits.

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