PANews reported on December 11 that according to PR Newswire, the listed Bitcoin mining company BTC Digital (NASDAQ: BTCT) announced that its underwritten public offering has successfully raised $20 million. The funds raised will be used for infrastructure and energy expansion, computing power expansion, and R&D investment in innovative mining machines.

The company plans to build and expand multiple mining farms in North America, focusing on improving the efficiency of existing facilities and reducing carbon emissions by utilizing green energy. The company expects its own mining business to reach a scale of 20 megawatts by mid-2025, providing stable support for self-mining and hosting services.