BTCT News & Events

Stock futures were fractionally lower following Monday's regular session gains as investors await news out of the Middle East. President Trump said the U.S. and Iran will meet to negotiate after days of strikes as the market shifts focus from geopolitics back toward macro data. Investors are watching labor market releases, including the JOLTS report and Thursday's payroll report, for clues on the Federal Reserve path. Markets continue to weigh a resilient economy against concerns that sticky inflation could keep the Fed more restrictive than expected.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -AeroVironmentup 20.4%ALSO HIGHER -BTC Digitalup 160.7% after announcing a $28M private placementGain Therapeuticsup 20.2% after receiving FDA clearance of its GT-02287 IND applicationBiomXup 13.7% after filing to sell 7.16M shares of common stock for holdersTradewebup 2.1% after Goldman Sachs upgraded the stock to Buy from NeutralDOWN AFTER EARNINGS -Concentrixdown 22.2%ALSO LOWER -GMEX Roboticsdown 26.4% after announcing a 1-for-9 share consolidationNuvectisdown 19% after announcing a common stock offeringMama's Creationsdown 12.8% after announcing a common stock offering

BTC Digital announced that it has entered into definitive agreements with institutional investors for the purchase and sale of approximately $7M of Ordinary Shares and pre-funded and investor warrants at a price of $1.14 per Common Unit. The offering consisted of the sale of 6,140,350 Common Units, each consisting of one Ordinary Share or one Pre-Funded Warrant and two PIPE Common Warrants to purchase one Ordinary Share per warrant at an exercise price of $1.71. The offering price per Common Unit is $1.14. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of Common Units in the offering will be decreased on a one-for-one basis. The initial exercise price of each Common Warrant is $1.71 per Ordinary Share. The Common Warrants are exercisable immediately and expire 60 months after the initial issuance date. Gross proceeds to the company are expected to be approximately $7M. The potential additional gross proceeds to the company from the Common Warrants, if fully-exercised on a cash basis, will be approximately $21M. No assurance can be given that any of warrants will be exercised. The transaction is expected to close on or about June 29, subject to the satisfaction of customary closing conditions. Aegis Capital is acting as exclusive placement agent for the private placement.

BTC Digital announced that it has entered into a Joint Development and Operation Agreement with Aurora Energy to jointly develop an off-grid natural gas-powered computing infrastructure project in Alberta, Canada, and to further explore the integration of AI compute infrastructure with energy systems. In the first phase, the project is expected to develop a 5-10 MW natural gas-powered computing facility by utilizing locally stranded natural gas resources for on-site power generation, providing stable and cost-efficient electricity for high-performance computing equipment. The infrastructure is expected to support Bitcoin mining operations initially and may be further expanded to serve AI computing, data center computing, and other high-performance computing applications.