BTC Digital Ltd. ("BTCT" or the "Company") (NASDAQ:BTCT), a Nasdaq-listed digital computing infrastructure company, today announced that construction of its cryptocurrency computing infrastructure project in Georgia, United States, has been completed and the project is now approaching deployment readiness. Based on the current power interconnection and pre-deployment preparation progress, the Company expects the project to reach a state within approximately the next two months in which it will be able to deploy high-performance cryptocurrency mining machines and commence digital asset mining operations.

The project has a planned power capacity of 10 megawatts ("MW") and represents an important component of BTCT's continued expansion of its computing infrastructure footprint in the United States. Based on the Company's current projections for its planned high-performance mining machine configuration and overall operating plan, the 10MW facility is designed to support up to approximately 900,000 TH/s (approximately 900 PH/s) of theoretical computing capacity, assuming full deployment of the Company's planned configuration of high-efficiency mining machines. The actual quantity of machines deployed, final realized computing power level and pace of operation will be dynamically adjusted based on factors including energization progress, mining machine models and energy efficiency, network difficulty, digital asset prices and overall market conditions.