Tianci International enters into MOU with BTC Digital

Tianci International (CIIT) entered into a Memorandum of Understanding with BTC Digital (BTCT). The ordinary shares of BTC Digital are listed for trading on the Nasdaq Capital Market under the symbol “BTCT”. BTC Digital is organized in the Cayman Islands. Through its operating entities, the business of BTC Digital is focused on development and use of crypto asset technology, with a focus on bitcoin mining. BTC Digital also generates revenue through mining machines resale and rental. For the fiscal year ended December 31, 2024, BTC digital generated a substantial majority of its revenue from bitcoin mining and mining machines resale. The MOU between Tianci and BTC Digital recites that the parties have agreed to establish a strategic cooperative relationship, based on Tianci’s intention to explore the field of cryptocurrencies and related business sectors and BTC Digital’s position as a significant provider of cryptocurrency mining infrastructure and digital asset management solutions. The scope of the intended cooperation encompasses: Application of blockchain technology to enhance Tianci’s existing operations in the field of global logistics services. The parties contemplate that BTC Digital will enable Tianci to apply blockchain technology to supply chain management, financial settlement, customer data management and business intelligence applications. Cryptocurrency Mining. The MOU recites Tianci’s intention to purchase cryptocurrency mining machines from BTC Digital with an aggregate value of approximately $5M and engage BTC Digital to provide hosting, operation and maintenance of the mining machines. Stablecoin and RWA Collaboration. The MOU states the intention of the parties to jointly explore use cases for stablecoin-based payment and settlement procedures, as well as to investigate feasible approaches to tokenizing Real World Assets on blockchain platforms.