BTC Digital Ltd
btct.investorroom.comWhat Do They Do?
Resells and rents cryptocurrency mining machines to customers, mines bitcoin through mining pools, and offers digital-asset custody solutions.
20-F for FY2025, filed May 11, 2026Through our subsidiaries, we started generating revenue through mining bitcoins and conducting a mining machines resale and rental business…View ↗
We have maintained a business relationship with AGM Technologies Ltd., from which we source mining machines on an order-by-order basis. In…View ↗
Through our subsidiaries, we mine bitcoins exclusively through participating in mining pools. We currently participate in two mining pools…View ↗
As the cryptocurrency industry continues to develop, we expect market demand for digital asset-related services to increase. In 2025, we…View ↗
How Do They Make Money?
Mining-machine resale is the largest revenue source; the company sells machines when market conditions are favorable. It also receives a fractional share of mining-pool rewards after a pool adds a block and confirms the reward.
20-F for FY2025, filed May 11, 2026Through our subsidiaries, we started generating revenue through mining bitcoins and conducting a mining machines resale and rental business…View ↗
We have maintained a business relationship with AGM Technologies Ltd., from which we source mining machines on an order-by-order basis. In…View ↗
The Group has entered into digital asset mining pools by executing contracts with the mining pool operators to provide computing power to…View ↗
Providing computing power in digital asset transaction verification services is an output of the Group’s ordinary activities. The provision…View ↗
$14M
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20-F for FY2025, filed May 11, 2026
$14M ↗
Who Are Their Customers?
The company provides computing power under contracts with mining-pool operators and sells or rents machines to customers. Its operating entities get clients through referrals from existing clients.
20-F for FY2025, filed May 11, 2026The Group has entered into digital asset mining pools by executing contracts with the mining pool operators to provide computing power to…View ↗
We have maintained a business relationship with AGM Technologies Ltd., from which we source mining machines on an order-by-order basis. In…View ↗
We rely primarily on word-of-mouth referrals as a marketing tool for our business. For the fiscal year ended December 31, 2025, all of the…View ↗
Do Revenues Turn Into Profits?
No. It lost $9.1M in FY2025.
20-F for FY2025, filed May 11, 2026
−$8.8MView ↗
20-F for FY2025, filed May 11, 2026
−$9.1MView ↗
20-F for FY2025, filed May 11, 2026
−$13.8MView ↗
How Are They Changing?
Growing. Revenue grew 19% in 3 years, from $11.8M in FY2022 to $14M in FY2025, about 6% a year.
AI computing infrastructure
The latest report adds plans to develop AI computing capacity alongside the earlier bitcoin-mining and mining-machine resale and rental businesses.
20-F for FY2022, filed Mar 15, 2023 20-F for FY2025, filed May 11, 2026Through the operating entities, we are a crypto asset technology company based in the U.S. with a focus on bitcoin mining. We also generate…View ↗
Custody services
The latest report describes digital-asset custody-related solutions as a new service offering alongside the mining, resale and rental businesses described earlier.
20-F for FY2022, filed Mar 15, 2023 20-F for FY2025, filed May 11, 2026Through the operating entities, we are a crypto asset technology company based in the U.S. with a focus on bitcoin mining. We also generate…View ↗
As the cryptocurrency industry continues to develop, we expect market demand for digital asset-related services to increase. In 2025, we…View ↗
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