As of the end of October 2023, BTC Digital has deployed and operated a total of 1954 BTC mining machines, with a combined mining hash rate of 210 PH/s. Additionally, in November 2023, there are plans to deploy and operate an additional 220 mining machines, with an estimated mining hash rate of around 24 PH/s.

The company aims to deploy and operate a total of 4000 BTC mining machines in the first quarter of 2024 through methods such as stock issuance and acquisition, striving to achieve a mining hash rate of 500 PH/s. By the end of 2024, the company hopes to deploy and operate a total of 15,000 self-owned mining machines.

In the future, the company will actively advance its business in building or acquiring BTC mining farms in North America, aiming to reduce energy costs and develop hosting services while meeting the demand for deploying self-owned mining machines. It is anticipated that the ratio of self-owned to hosted mining machines can be 1:1 by the end of 2024, meaning the operation of 15,000 third-party hosted mining machines.

Through detailed market research, we have identified that the sale of spare parts and certain after-sales maintenance services for operational mining machines are urgently needed in the current BTC mining industry. Typically, mining farms face challenges such as remote locations, excessive management radius, high labor costs, opaque spare parts prices, and lengthy logistics delivery times. We plan to provide an efficient, timely, responsive, reliable, and convenient spare parts sales and service system for this industry, with the initial implementation expected to take place in the North American region.