BTC Digital Ltd. (NASDAQ: BTCT), a blockchain technology company, today announced that it has signed a strategic memorandum of understanding (MOU) with Tianci International Inc. (NASDAQ: CIIT). Under the MOU, the parties will pursue a broad strategic cooperation across cryptocurrency mining, stablecoin-based payment and settlement solutions, real-world asset (RWA) initiatives, and blockchain-enabled technology services.
Pursuant to the MOU, CIIT plans to procure approximately US$5.0 million of cryptocurrency mining equipment, with BTCT providing end-to-end hosting, operations and maintenance services for the deployed miners. CIIT intends to continue expanding its investment footprint in crypto mining, while BTCT will supply comprehensive infrastructure and technical support to enable that growth.
The two companies will also jointly explore payment and settlement use cases built on stablecoins and investigate feasible RWA pathways. Within an appropriate compliance framework, BTCT and CIIT will collaborate on the development of related products and services. Leveraging BTCT's blockchain expertise, BTCT will further support CIIT's digital transformation efforts by delivering blockchain solutions across supply chain management, financial settlement, customer data management and business intelligence applications.
Shares in BTCT fell 19 cents, or 7%, to $2.58, while those for CIIT dipped two cents, or 4.3%, to 50.7 cents.
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