BTC Digital has signed a non-binding memorandum of understanding with Tianci International to develop an approximately 3 MW crypto computing infrastructure and hosting project. The proposed 12-month rollout would expand an existing mining-equipment hosting relationship while giving the companies a framework for deploying computing capacity in phases.

BTC Digital Ltd. (NASDAQ: BTCT) and Tianci International Inc. (NASDAQ: CIIT) are expanding their existing cryptocurrency infrastructure relationship with a new memorandum of understanding covering an approximately 3 MW crypto computing project.

The MOU became effective September 11, 2026, and outlines plans for Tianci to deploy crypto computing equipment in phases over the following 12 months. The companies have stressed that the 3 MW target is a planning objective rather than a commitment to capacity, timing, financial returns or project completion. Implementation remains dependent on equipment procurement, financing, sites, power availability, regulatory approvals and future definitive agreements.

The arrangement illustrates a broader evolution in Digital Asset Infrastructure, where cryptocurrency mining increasingly resembles a specialized data-center business requiring access to power, physical sites, networking, equipment deployment and ongoing operations.

From mining equipment to computing infrastructure

Under the proposed structure, BTC Digital would provide or coordinate sites, power, hosting infrastructure, equipment deployment and operations and maintenance support. Tianci would be responsible for procuring equipment, funding the project, arranging transportation and insurance, and securing applicable permits and approvals.

The two companies would subsequently negotiate hosting, service or other definitive agreements around specific sites and equipment batches.

That division of responsibilities is significant because crypto computing projects are increasingly constrained by infrastructure considerations rather than simply the availability of mining hardware. Power costs, grid access, site availability, cooling, networking and equipment efficiency all affect the economics of large-scale mining operations.

The companies already have an operational relationship. On September 9, Tianci disclosed a hosting agreement under which BTC Digital would provide hosting, installation, testing and operations and maintenance services for cryptocurrency mining machines that Tianci had contracted to purchase. The equipment is being progressively deployed after delivery, acceptance, transportation, installation and testing.

The new MOU builds on that arrangement and the companies’ earlier October 2025 strategic cooperation agreement, which covered cryptocurrency mining as well as potential blockchain-related applications.

Importantly, the existing hosting agreement remains independently valid and is not amended or replaced by the new MOU.

Energy remains central to crypto infrastructure

The proposed 3 MW project also highlights the energy-intensive nature of cryptocurrency computing.

Research from the Cambridge Centre for Alternative Finance estimated Bitcoin mining’s annual electricity consumption at 138 TWh, equivalent to approximately 0.54% of global electricity consumption based on its 2024 analysis. The same research found that electricity represented more than 80% of miners’ cash-based operating expenses, with a median reported electricity cost of $45/MWh.

Those figures help explain why power sourcing and site development are central components of the BTC Digital-Tianci arrangement rather than secondary infrastructure considerations.

Cambridge’s research also found that the U.S. accounted for 75.4% of reported Bitcoin mining activity in its survey, although the researchers cautioned that the result was influenced by the U.S.-heavy respondent base. The report surveyed 49 mining firms across 23 countries and captured approximately 48% of Bitcoin network hashrate at the time of data collection.

Crypto mining meets the data-center model

The distinction between cryptocurrency mining infrastructure and broader high-performance computing is also becoming less rigid.

Cambridge’s 2025 digital mining research noted that mining companies are exploring diversification into HPC and AI computing as they respond to changing mining economics. That creates a potential strategic connection between crypto infrastructure and the broader AI Infrastructure market, although the BTC Digital-Tianci MOU itself is specifically focused on crypto computing rather than an announced AI deployment.

For infrastructure providers, the underlying capabilities—power procurement, data-center operations, equipment deployment, networking, cooling and remote operations—can be relevant across multiple types of compute workloads.

BTC Digital describes itself as a digital computing infrastructure company with activities spanning cryptocurrency mining, mining-farm construction, data-center operations, mining-machine sales and leasing, and related services. Tianci’s current expansion into crypto computing therefore gives the companies an opportunity to build on infrastructure and operational capabilities already being developed through their hosting relationship.

What happens next

The MOU does not itself establish a guaranteed 3 MW deployment. The next stage involves assessing specific sites and power resources, confirming equipment batches and deployment conditions, and negotiating definitive agreements.

That qualification is important for evaluating the announcement. The proposed capacity should be viewed as a target under a non-binding framework, rather than installed or contracted computing capacity.

The companies’ structure also leaves room for phased deployment. Instead of committing the entire 3 MW capacity immediately, equipment can be introduced in batches as sites, power and financing are confirmed.

For the digital-asset infrastructure market, the development reflects the increasing importance of specialized hosting providers that can connect equipment owners with physical infrastructure and operational expertise. For BTC Digital and Tianci, the immediate focus is turning an existing hosting relationship into a potentially larger, multi-phase computing deployment.

Whether the project reaches its stated 3 MW target will depend on the definitive agreements and infrastructure conditions that follow.

Market Landscape

Crypto mining is increasingly shaped by the economics of energy, infrastructure and computing efficiency. Cambridge’s Digital Mining Industry Report estimated 138 TWh of annual Bitcoin-mining electricity consumption and found that electricity represented more than 80% of miners’ cash-based operating expenses.

The market is also seeing convergence between crypto mining, data centers and other compute-intensive workloads. Cambridge researchers identified HPC and AI as areas miners are exploring for diversification, although crypto mining remains distinct from AI compute in workload and hardware requirements.

Within this environment, hosting companies can provide a bridge between equipment owners and the physical infrastructure required to operate computing hardware at scale.

Top Insights

• BTC Digital and Tianci are targeting approximately 3 MW of crypto computing capacity through a phased 12-month deployment framework.
• The MOU is non-binding, with actual capacity and timing dependent on equipment, financing, sites, power and definitive agreements.
• BTC Digital would coordinate infrastructure and operations, while Tianci would handle equipment procurement, funding, logistics and approvals.
• The project builds on an existing cryptocurrency mining-machine hosting agreement between the two companies signed earlier in September.
• Cambridge estimates Bitcoin mining consumes 138 TWh annually, highlighting why electricity remains central to crypto-computing economics.

Get in touch with our fintech expert