BTC Digital Ltd. Ordinary Shares (NASDAQ:BTCT) stock is up by more than 22% during Tuesday’s premarket session.
Today, the company said it signed a memorandum of understanding with Nam Trang Cat Investment and Development Joint Stock Company (NTC) and SG Partners Co., Limited (SGP).
The companies plan to evaluate and prepare an artificial intelligence data center project in Hai Phong, Vietnam.
The framework covers feasibility work, site readiness, power access, technical planning, and financing preparation, with NTC confirming a planned power load of about 300 MW at the Nam Trang Cat Industrial Park (about 2 million square meters).
The MOU covers a two-year cooperation period, including an initial six-month exclusivity period. Under the MOU, NTC will support local project coordination and help verify site, power and infrastructure conditions.
