BTC Digital Closes $7 Million Financing for 8MW Georgia AI Center
Updated
Updated · TradingView · Jun 29
BTC Digital Closes $7 Million Financing for 8MW Georgia AI Center
2 articles · Updated · TradingView · Jun 29
Summary
$7 million in upfront gross proceeds gives BTC Digital immediate funding to launch the first phase of an 8MW AI computing center in Georgia, marking its push beyond cryptocurrency mining.
The private placement could bring total gross proceeds to $28 million if related warrants are fully exercised, though the company said there is no assurance that additional capital will arrive.
The initial build-out will fund liquid-cooling, power-supply equipment, facility retrofits and a data-center operations team, with part of first-phase capacity expected online within about six months.
Georgia is central to the plan because the site has 25MW total load, 20MW already approved with a dedicated substation, 62 acres of owned land and an existing steel building ready for indoor deployment.
BTC Digital plans a wholesale colocation model in which customers supply their own GPUs while the company sells power, space, networking and operations, aiming to scale the site to about 20MW as tenant demand develops.