S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
BTCT$0.72+6.12%
BTC Digital Ltd.
Sector: Finance ServicesIndustry: Computer HardwareCountry: SGExchange: Nasdaq
Mkt Cap:$12.22M
Float & O/S:
Inst Own:
DilutionScan read 24 of BTC Digital Ltd.'s SEC filings and found 5 warrant series, 1 shelf registration, 1 S-1 registration and 2 completed offerings on file for BTCT. The latest dilution event on file is a registration statement on Sep 17, 2026. Analysis updated Oct 7, 2026.
Signal8 Summary
BTCT
Going-concern warning and negative cash runway
Snapshot
BTCT is a crypto-miner transitioning to AI infrastructure with deeply strained financials. Revenue grew 20% to $14.0M in FY 2025, but the company reported a negative gross margin of 22.5% and a net loss of $9.1M.
What's Happening Right Now
- : An F-1 registration statement filed to facilitate share resale cited substantial doubt regarding the company's ability to continue as a going concern.
- : Construction of a 10MW cryptocurrency computing infrastructure facility in Georgia was completed and is approaching deployment readiness.
- : The company closed a private placement financing raising approximately $7 million upfront, with potential total gross proceeds of up to $28 million.
- : BTC Digital secured a $1 million loan from its CEO and CFO at a 12% interest rate to bolster working capital.
Raise routes on file: effective shelf + effective S-1 · latest dilution event 47 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Sep 17, 2026 · Registration
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
June 2026 PIPE Pre-Funded Warrants
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
June 2026 PIPE Common Warrants
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
December 2024 Pre-Funded Warrants
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2020
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Registered direct offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your BTCT trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
