BTC Digital Ltd.

BTC Digital Ltd. announced the closing of a private placement financing, securing approximately $7.0 million in upfront gross proceeds. The offering involved the sale of 6,140,350 Common Units, each comprising an ordinary share (or pre-funded warrant) and two PIPE Common Warrants. The company plans to use the net proceeds to fund the initial phase of its 8MW artificial intelligence computing center in Georgia, U.S., accelerating its strategic shift towards AI computing infrastructure.

BTC Digital Ltd. entered into a loan agreement with its Chief Executive Officer, Siguang Peng, and Chief Financial Officer, Yupeng Guo, for an aggregate principal amount of $1,000,000. Each officer will provide $500,000, bearing a fixed annual interest rate of 12%. The one-year loan is intended to supplement the company's working capital and for general corporate purposes, with funding in equivalent USDT but denominated in USD. This related-party transaction requires corporate approvals, including from the board or audit committee.