Recent Updates — BTCT
Peng Xu resigned as director and chairman of BTC Digital Ltd., effective October 29, 2026. The Board appointed Jishuang Zhao as the new chairman on the same date. Ye Ren resigned from her roles as an independent director and member of the Audit, Compensation, and Nominating committees, effective October 28, 2026. Dongyi Lu was appointed to these three committees to ensure compliance with Nasdaq independence requirements. The company operates in digital asset-related businesses.
BTC Digital Ltd. regained compliance with Nasdaq Listing Rule 5550(a)(2) after previously receiving a deficiency letter on August 27, 2026 for failing to maintain a minimum bid price of US$1.00 per share for 30 consecutive business days. The company satisfied the requirement by maintaining a closing bid price at or above $1.00 for ten consecutive business days from August 20, 2026, to September 2, 2026. Nasdaq confirmed compliance on September 3, 2026, and closed the matter. BTC Digital Ltd. operates in the digital computing infrastructure industry, providing cryptocurrency mining, data center operations, and AI computing services.
BTC Digital Ltd. received a deficiency letter from Nasdaq on August 27, 2026, for failing to maintain the minimum $1.00 bid price requirement under Rule 5550(a)(2). The company has been granted an initial 180-day compliance period ending February 23, 2027, during which it must achieve a closing bid price of at least $1.00 for ten consecutive business days to regain compliance. Failure to meet this standard may result in delisting proceedings or eligibility for an additional 180-day extension contingent upon meeting market value requirements and potentially effecting a reverse stock split. BTC Digital Ltd. operates in the cryptocurrency mining industry.
BTC Digital Ltd. closed a $7,000,000 private placement offering of 6,140,350 Common Units at $1.14 per unit. Each unit includes one ordinary share or one pre-funded warrant and two PIPE Common Warrants exercisable at $1.71 per share. Aegis Capital Corp. acted as the sole placement agent, receiving a 7% commission on gross proceeds. BTC Digital Ltd. operates in the digital asset mining industry.