SINGAPORE, Jan. 27, 2026 /PRNewswire/ -- BTC Digital Ltd. ("BTCT" or the "Company") (NASDAQ: BTCT), a leading blockchain technology company, today announced that it has entered into a strategic framework cooperation agreement with Fog Computing Inc. ("Fog Computing") to establish a long-term and stable strategic partnership focused on AI computing infrastructure, liquid-cooled data center computing services, technology collaboration, and market expansion. Pursuant to the agreement, Fog Computing will lever ...

TORONTO, Jan. 21, 2026 (GLOBE NEWSWIRE) -- (TSXV: BTCT) (OTCQB: BTCFF) (“Bitcoin Treasury” or the “Company”), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today announced that Elliot Johnson, Chief Executive Officer, will present live at the Digital Asset Treasury Virtual Investor Conference hosted by VirtualInvestorConferences.com, on January 27, 2026. DATE: January 27, 2026 TIME: 11:30AM ETLINK: REGISTER HERE This will be a live, interactive online event where investors are inv ...

Core Insights - Bitcoin Treasury Corporation is focused on building shareholder value through disciplined execution and growth in Bitcoin Per Share (BPS) while introducing a Bitcoin price risk management program [1][2] Strategic Milestones - Since its listing on the TSX Venture Exchange in June 2025, Bitcoin Treasury has achieved several strategic milestones, including the purchase of 771.37 Bitcoin, signing a consulting agreement with FRNT Financial Inc, and executing its inaugural Bitcoin loan [3][6] - The company has also obtained registration as a Money Services Business (MSB) and announced plans to raise up to CAD $300 million through a short form prospectus [6] Bitcoin Price Risk Management Program - The program aims to enhance income generation by entering into options contracts using Bitcoin inventory, capitalizing on Bitcoin's volatility [3][4] - The approach focuses on disciplined risk management rather than price prediction, allowing the company to earn option premiums and increase BPS without requiring additional capital [4][5] Institutional Adoption and Market Trends - Institutional adoption of Bitcoin is increasing, with spot ETFs holding over $150 billion and pension funds viewing Bitcoin as a standard portfolio component [8] - The company anticipates that as Bitcoin solidifies its status as a store of value, global demand will continue to grow, providing opportunities for revenue generation [2][8] Long-Term Value Creation Strategy - Bitcoin Treasury aims to position itself as Canada's leading institutional-quality Bitcoin treasury company, leveraging its management team's experience in asset management [9][10] - The strategy includes building an institutional Bitcoin services business centered on lending and expanding into liquidity provision and collateral services [11] Capital Formation and Shareholder Value - The company plans to raise capital when it is accretive to BPS, utilizing the advantages of the Canadian capital markets [13] - A Normal Course Issuer Bid (NCIB) will be employed to repurchase shares when trading at a discount, further enhancing BPS [14] Transparency and Governance - Bitcoin Treasury emphasizes transparency with a real-time dashboard displaying Bitcoin holdings and market capitalization, prioritizing accretive growth in BPS while maintaining cash reserves [15]

Core Viewpoint - Bitcoin Treasury Corporation plans to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 989,228 common shares, representing approximately 10% of the company's public float, to enhance shareholder value and support long-term objectives [1][2]. Group 1: NCIB Details - The NCIB will commence on January 5, 2026, and may last for up to 12 months unless the maximum number of shares is repurchased earlier or the company terminates it [2]. - The repurchase will be conducted through the TSX Venture Exchange and/or alternative Canadian trading systems, with National Bank Financial acting as the broker [3]. - The shares will be purchased at the prevailing market price, funded through available cash, revenues, working capital, or the sale of Bitcoin holdings [3]. Group 2: Company Strategy and Operations - Bitcoin Treasury focuses on institutional-grade Bitcoin services, including Bitcoin-denominated loans, aiming to build shareholder value through strategic accumulation and deployment of Bitcoin [5]. - The company has recently received its final base shelf prospectus and funded its first Bitcoin loan, indicating growth in revenue streams [2]. - The core strategy includes increasing Bitcoin per share (BPS) while maintaining a robust treasury position [5].

Core Insights - Bitcoin Treasury Corporation has engaged LodeRock Advisors Inc. for strategic investor relations and capital markets communication services [1][2][3] - The agreement includes a monthly fee of $12,500 for LodeRock's services, which can be terminated by either party with 90 days' notice [2] - LodeRock is a prominent investor relations firm with expertise in equity research and investment management, aiming to enhance capital market success for its clients [3] Company Overview - Bitcoin Treasury Corporation is focused on institutional-grade Bitcoin services, initially offering Bitcoin-denominated loans [5] - The company's core strategy is to build shareholder value through strategic accumulation and active deployment of Bitcoin, while also aiming to grow Bitcoin per Share (BPS) [5] - The corporation intends to maintain a robust treasury position and develop a scalable platform for Bitcoin-based financial services, recognizing Bitcoin's finite supply and long-term potential [5]

Core Viewpoint - Bitcoin Treasury Corporation has received a receipt for its final base shelf prospectus, allowing it to raise up to $300 million over 25 months, while also reporting its Q3 2025 financial results, which show a significant turnaround in net income compared to the previous quarter [1][2][3]. Financial Results Summary - Total assets increased to $124,745,142 for Q3 2025 from $117,278,517 in Q2 2025 [4]. - The company reported a net income of $1,586,411 for Q3 2025, a significant improvement from a net loss of $27,796,337 in Q2 2025 [4][7]. - The comprehensive income for Q3 2025 was $10,253,456, compared to a loss of $27,796,337 in the previous quarter [8]. Operational Milestones - The company successfully listed on the OTCQX under the ticker symbol BTCFF on September 18, 2025, to enhance trading accessibility for U.S. investors [6]. - On October 10, 2025, Bitcoin Treasury received registration as a Money Services Business (MSB) from FINTRAC, and entered into a consulting agreement with FRNT Financial Inc. to develop its institutional Bitcoin lending business [6]. Strategic Goals - The CEO emphasized the company's strategy to build an institutional-quality Bitcoin services business and to maximize Bitcoin per share (BPS) for shareholders [3]. - The company aims to accumulate more Bitcoin and enhance shareholder value through strategic capital market access [3].

Financial Performance - Revenues for the six months ended June 30, 2025, were $5,731,000, up from $4,979,000 for the same period in 2024, indicating a growth of about 15.1%[6] - The net loss for the six months ended June 30, 2025, was $4,844,000, compared to a net loss of $1,435,000 for the same period in 2024, reflecting an increase in losses of approximately 237.5%[6] - The company reported a gross loss of $1,314,000 for the six months ended June 30, 2025, compared to a gross loss of $342,000 for the same period in 2024, indicating a deterioration in gross margin[6] - Operating expenses for the six months ended June 30, 2025, were $3,563,000, significantly higher than $1,259,000 for the same period in 2024, reflecting an increase of approximately 183.5%[6] - The Group recognized a net loss available to shareholders of US$4,844,000 for the six months ended June 30, 2025, compared to a net loss of US$1,435,000 for the same period in 2024, indicating a significant increase in losses[85] Assets and Liabilities - As of June 30, 2025, total assets increased to $41,130,000 from $37,457,000 as of December 31, 2024, representing an increase of approximately 7.1%[2] - Cash and cash equivalents increased to $6,398,000 as of June 30, 2025, from $14,900,000 at the beginning of the period, showing a decrease of about 57.0%[9] - Total liabilities rose to $1,213,000 as of June 30, 2025, compared to $557,000 as of December 31, 2024, marking an increase of approximately 117.8%[4] - Shareholders' equity decreased to $36,900,000 as of June 30, 2025, from $39,917,000 as of December 31, 2024, a decline of approximately 7.6%[4] Share Capital and Issuance - The company issued 1,082,935 ordinary shares during the six months ended June 30, 2025, contributing to the total shares outstanding increasing to 7,516,975[7] - On December 14, 2023, the Company entered into subscription agreements for the issuance of 303,497 ordinary shares, resulting in total gross proceeds of $1,014,286, or $3.342 per share[104] - As of June 30, 2025, the Company had 7,516,975 ordinary shares issued and outstanding, an increase from 6,434,040 shares as of December 31, 2024[110] - The Company raised approximately $6.0 million from a registered direct offering on July 16, 2025, selling 2,000,000 ordinary shares at a price of $3.00 per share[131] - The Company has a capital commitment totaling $149,000 as of June 30, 2025, related to the purchase of miners and acquisition of a BTC mining facility[130] - On August 22, 2025, shareholders approved an increase in the Company's authorized share capital from $1,500,000 to $12,000,000, expanding the number of authorized ordinary shares from 25,000,000 to 200,000,000[132] - The Company issued 727,425 and 120,372 ordinary shares on November 13 and 15, 2024, in connection with a cashless warrant exercise[108] - The Company issued 1,408,791 ordinary shares in December 2024 upon the exercise of pre-funded warrants[108] - As of June 30, 2025, all warrants of the Company have been settled in full, with no outstanding warrants remaining[124] - The Company anticipates net proceeds of approximately $5,730,000 from the cash exercise of warrants, expected to be used for potential acquisitions and working capital[115] - The Company offered 40,000,000 ordinary shares at a purchase price of $1.00 per share on May 21, 2021, which led to a reduction in the exercise price of outstanding warrants to $1.00[116] Digital Assets and Revenue Recognition - The primary revenue source is digital asset mining, where the Group provides computing power to mining pools and receives a fractional share of digital assets awarded[48] - Revenue from digital asset mining is recognized only when the Group successfully contributes computing power to solve an algorithm, with all consideration being variable[49] - Fair value of digital assets awarded is determined using quoted prices at the time of receipt, with significant management judgment involved in accounting treatment[50] - The Group's total digital assets increased from US$1,085,000 as of December 31, 2024, to US$1,335,000 as of June 30, 2025, representing a growth of approximately 23%[76] - The Group generated US$427,000 from the receipt of cryptocurrencies through mining services for the six months ended June 30, 2025, compared to US$1,190,000 for the same period in 2024, indicating a decrease of approximately 64%[76] Accounting Policies - The consolidated financial statements have been prepared in accordance with U.S. GAAP, with the reporting currency being US$[28][31] - The Group maintains an allowance for credit loss based on historical losses and current market conditions, with accounts receivable presented net of this allowance[34] - Digital assets are accounted for as intangible assets with indefinite useful lives, assessed for impairment annually[37] - The Group's operating lease ROU assets and liabilities are recognized based on the present value of future minimum lease payments[46] - The Group adopted ASC 606 for revenue recognition, following a five-step process to ensure compliance[47] - Deferred income tax assets are assessed for realization based on a "more-likely-than-not" threshold, considering factors like cumulative losses and future profitability forecasts[52] - The Group recognizes tax positions that are "more-likely-than-not" to prevail, measuring them at the largest amount of tax benefit with over 50% likelihood of realization[53] - Share-based compensation is recognized over the requisite service period using the straight-line method, with fair value determined at the grant date[54] Investments and Acquisitions - On March 30, 2020, the Company completed the acquisition of Meten International and EdtechX, acquiring 100% of the ordinary shares for a total of 1,613,054 and 65,717 ordinary shares of the Company, respectively[15] - The transaction is accounted for as a reverse recapitalization, with an exchange ratio of 0.1519, resulting in a retrospective restatement of equity and loss per share[17] - Azimut Enterprises Holdings S.r.l. invested $20,000 in EdtechX to purchase 2,000,000 units, which converted into the same number of units of the Company upon merger completion[18] - Three unrelated investors agreed to invest a total of $12,000 in shares of the Company, with the financing completed on March 30, 2020[19] - The Reorganization involved establishing a Cayman Islands holding company for the Business, with a series of steps executed from 2018 to 2019[24] - The Reorganization included transferring equity interests in non-business operations to Shenzhen Yilian Investment, with a net cash distribution of approximately RMB148,270[24] Equity Interests - The Group's equity interest in Met Chain Co Limited increased from 24.3% as of December 31, 2024, to 29.53% as of June 30, 2025, following the acquisition of additional equity interests[78] Depreciation and Expenses - The depreciation expense for property and equipment increased from US$1,781,000 for the six months ended June 30, 2024, to US$1,965,000 for the same period in 2025, showing a rise of approximately 10.3%[80] - Share-based compensation expenses rose from US$571,000 for the six months ended June 30, 2024, to US$1,827,000 for the same period in 2025, reflecting an increase of approximately 220%[89] Credit Risk - As of June 30, 2025, substantially all cash and cash equivalents were deposited in high-quality financial institutions in the U.S., Hong Kong, and the PRC, indicating a concentration of credit risk[71] Accounts Receivable and Current Assets - Accounts receivable increased from US$4,548,000 as of June 30, 2025, to US$5,477,000 as of December 31, 2024, reflecting a growth of approximately 20.4%[73] - Total prepayments and other current assets rose significantly from US$2,891,000 as of December 31, 2024, to US$7,916,000 as of June 30, 2025, marking an increase of about 174%[74] - The total cost of miners for Bitcoin increased from US$20,321,000 as of December 31, 2024, to US$22,128,000 as of June 30, 2025, reflecting a growth of approximately 8.9%[80]

Core Insights - Bitcoin Treasury Corporation has launched its first Bitcoin lending program with an inaugural loan to an institutional trading firm, marking a significant step in its strategy to enhance shareholder value through Bitcoin accumulation and deployment [1][3][4] - The company is developing an institutional Bitcoin services platform, with lending and capital markets operations as its two main pillars to maximize Bitcoin per share [2][4] Company Strategy - The core strategy of Bitcoin Treasury is to build shareholder value by strategically accumulating and actively deploying Bitcoin, aiming to grow Bitcoin per share (BPS) [4] - The company recognizes Bitcoin's finite supply and long-term potential, intending to maintain a robust treasury position while developing a scalable platform for Bitcoin-based financial services [4] Market Position - As Bitcoin transitions from a niche asset to a foundational element of global finance, the opportunities for institutional Bitcoin services are expanding [3] - The inaugural loan represents a practical application of the company's strategy to not only hold Bitcoin but also utilize it to create new revenue streams and strengthen its role in the global financial system [3]

Core Insights - Bitcoin Treasury Corporation (BTCT) has received registration from FINTRAC as a Money Services Business, enabling it to conduct digital currency dealing and transfer services under Canada's regulatory framework [2][3] - The company has partnered with FRNT Financial to enhance its institutional Bitcoin lending business, marking a significant step in its operational strategy [4][5] Regulatory Achievement - The MSB registration is a crucial regulatory milestone for BTCT, strengthening its compliance foundation as it prepares to launch a suite of lending, liquidity, and collateral solutions for institutional clients [2][3] Strategic Partnership - The consulting agreement with FRNT will allow BTCT to utilize FRNT's expertise in Bitcoin lending strategies, due diligence, and counterparty selection, supporting the evaluation and structuring of lending opportunities [5][6] - This partnership is positioned as a pioneering collaboration in the rapidly growing digital asset treasury segment [4][6] Business Objectives - BTCT aims to maximize Bitcoin per share through internal operations and external capital formation, with the FINTRAC registration being a key step towards building a compliant and scalable institutional Bitcoin services platform [3][9] - Generating yield on Bitcoin holdings is a fundamental aspect of BTCT's long-term strategy, with the first Bitcoin loan execution being a significant goal [6]

Core Insights - BTC Digital Ltd. has completed a partial upgrade of its mining equipment, deploying 434 Antminer S21 Pro units and 140 L9 miners to enhance its mining capabilities [1][2] - The new equipment is expected to significantly increase the company's overall computing power (hashrate) and optimize energy utilization, thereby reducing operating energy consumption [2] - The CEO of BTC Digital Ltd. emphasized that the deployment of next-generation miners not only improves hashrate and energy efficiency but also supports the company's long-term sustainable development [3] Company Strategy - BTC Digital Ltd. is focused on maintaining a competitive position in the cryptocurrency mining infrastructure and digital asset management sectors through ongoing technology and equipment upgrades [2] - The company has a long-term strategy aimed at creating value across the metaverse, blockchain, and cryptocurrency mining industries, with plans to develop blockchain-related businesses in North America [3]