BTC Digital Ltd
For the period ended Mar 31, 2024. Filed May 15, 2024.
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Mar 31, 2024 · Filed May 15, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
On March 12, 2024, the Company entered into an agreement under which the Company will acquire a BTC mining facility located in North Carolina, equipped with a stable power load of 10 megavolts (MV). The total consideration for this acquisition amounts to $3.4 million.
On March 27, 2024, the Company entered into an asset purchase agreement with an unaffiliated third party to acquire 200 units of Antminer L7 Bitcoin mining machines, with the total consideration for the agreement amounting to $980,000.
The details of the two agreements were disclosed in the Company’s Annual Report on Form 10-K for 2023.
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