Key Highlights

  • BTCT shares surged about 111.55% to $1.77 by Wednesday's close/after-hours session and held that level into Thursday's pre-market, up from a prior close near $0.8367, on Volume roughly 639 times the stock's average daily turnover.
  • The rally coincides with a broad Cryptocurrency short squeeze, roughly $2.74 billion in 24-hour liquidations, as Bitcoin and Ethereum jumped alongside optimism that Congress could pass the CLARITY Act following a White House crypto summit push from President Trump.
  • BTC Digital reported trailing-twelve-month Revenue of $14.04 million (up 20.3% year over year) but a net loss of roughly $9.06 million, against a market Capitalization of only about $5-8 million and just 9.52 million shares outstanding.
  • The company has been pivoting from Bitcoin Mining toward AI computing infrastructure, funding an 8MW Georgia Data Center via a June 2026 private Placement of up to $28 million and naming a Chief AI Business Growth Officer on July 29, 2026.

Crypto-Wide Short Squeeze Lifts Shares Sharply

BTC Digital (NASDAQ:BTCT) shares roughly doubled and then some, up about 111.55% to $1.77, as part of a broad rally across cryptocurrency-linked equities. Bitcoin climbed toward its highest level in about two months following a U.S. Treasury announcement that it would roughly double the size of its long-end bond-buyback operations, easing yields, alongside an SEC proposal for new 'Regulation Crypto Assets' rules. The combination triggered heavy short covering, with roughly $2.74 billion liquidated across crypto markets in 24 hours, and lifted peers such as Strategy, Coinbase, and Marathon Digital alongside BTCT, whose Bitcoin mining operations give it direct sensitivity to crypto sentiment.

From Bitcoin Mining To AI Data Centers

BTC Digital, originally Meten EdtechX before rebranding in 2023, runs U.S. Bitcoin mining operations including equipment resale, rental, and hosting services, and previously experimented with a treasury pivot from Bitcoin into Ethereum in mid-2025. More recently the company has diversified into AI computing infrastructure, closing a private placement in June 2026 for up to $28 million to fund an 8MW AI computing center in Georgia, completing a separate 10MW Georgia Facility in April 2026, and signing a joint development deal with Aurora Energy for a natural-gas-powered facility in Alberta, Canada. Trailing revenue of $14.04 million is up 20.3% year over year, though the company remains unprofitable.

Tiny Float Means Extreme Volatility

With a market capitalization of roughly $5-8 million, only about 9.52 million shares outstanding, and a Beta above 5, BTCT is a highly volatile micro-cap where large percentage swings can occur on relatively modest dollar volume. The stock's history includes a full pivot of treasury strategy from Bitcoin to Ethereum in 2025, underscoring management's willingness to make abrupt strategic changes. Investors should weigh today's crypto-driven pop against continued net losses, an evolving AI-infrastructure business model still ramping revenue, and the risk that a broader crypto-market pullback could reverse gains as quickly as they arrived.

Where Things Stand

BTC Digital shares have roughly doubled to $1.77 in pre-market trading, riding a broad crypto-market short squeeze and Bitcoin's rally toward roughly $69,000, while the company itself continues shifting its business mix from Bitcoin mining toward AI computing infrastructure. These are the verified facts as reported. Whether shares extend gains may depend on whether Bitcoin's rally holds and whether the CLARITY Act advances through Congress as investors currently anticipate.