SHENZHEN, China, Jan. 29,
2024 /PRNewswire/ -- Blockchain technology
company BTC Digital Ltd. ("BTC Digital" or the "Company")
(NASDAQ: BTCT) today announced the launch of its
Ethereum (ETH) staking services for its
customers.
This new venture marks a significant expansion for BTC Digital
beyond its core Bitcoin mining operations, extending
into transaction validation on the Ethereum
blockchain. The move aligns with the Company's strategic objectives
to diversify income sources by participating in the
Ethereum's validator rewards program.
Key features of BTC Digital's ETH staking services
include:
- Asset custody provided by Matrixport Technologies Ltd
("Matrixport"): BTC Digital's collaboration with Matrixport aims to
provide secure and reliable asset custody, offering
ETH staking services clients peace of mind and
safeguarding of their Ethereum holdings.
- Diversification and profitability: BTC Digital's
diversification into Ethereum staking aims to create
additional revenue to the Company in addition to maintaining its
commitment to the Bitcoin ecosystem.
- Enhanced returns: Through participation
in Ethereum's validator rewards program, BTC
Digital hopes to increase its overall profitability and return on
investment.
The launch of the ETH staking service represents a
significant milestone for BTC Digital, expanding its horizons in
the evolving cryptocurrency landscape.
Alan Peng, CEO of BTC Digital,
stated, "We are thrilled to launch our ETH staking
operations to validate transactions on the Ethereum
blockchain. Our goal is to create new, predictable, and recurring
digital rewards by entering another blue-chip digital asset
ecosystem. It is worth noting that we will continue to invest and
expand our mining operations. We believe that Bitcoin
mining and ETH staking are complementary business
areas that will enhance our overall profitability and returns. This
is an exciting development for BTC Digital, and we expect such
business strategies to increase value for all stakeholders in the
long run."
About Matrixport
Founded in February 2019,
Matrixport is one of the professional and compliant digital asset
financial service platforms in Asia. It aims to provide simple and
user-friendly crypto financial products for
individuals and institutional investors globally. Matrixport's
Website: https://www.matrixport.com/
About BTC Digital Ltd.
BTC Digital Ltd. is a blockchain technology company, with a
long-term strategy to create value across the metaverse, blockchain
and cryptocurrency mining industry. The Company is
committed to developing blockchain related businesses in
North America, including
cryptocurrency mining, mining farm construction,
mining pool and data center operation, and miner accessories
business.
For more information, please visit:
https://btct.investorroom.com/
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such
statements are based upon management's current expectations and
current market and operating conditions and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
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SOURCE BTC Digital Ltd.