Cryptomining firm BTC Digital has signed a memorandum of understanding (MoU) to explore the development of an AI data center in Hai Phong, Vietnam.. The Nasdaq-listed company announced that it signed the agreement with Nam Trang Cat Investment and Development Joint Stock Company (NTC) and SG Partners Co., Limited (SGP) on August 20..
The proposed facility would be located at the Nam Trang Cat Industrial Park, which spans approximately two million sqm (21.5 million sq ft).. According to NTC, the industrial park has a planned power load of around 300MW. However, BTC Digital has not disclosed the proposed capacity of the data center, and the MoU does not include a power supply agreement..
The three companies will initially assess the project’s feasibility, site conditions, power availability, network and cooling requirements, permitting needs, customer demand, and financing options.. NTC will assist with local coordination and the verification of the site, power, and supporting infrastructure.
BTC Digital will contribute to the technical evaluation, while SGP will engage with potential investors, financing providers, and other industry participants.. The MoU has a two-year term and provides for an initial six-month exclusivity period. Its principal commercial provisions are otherwise non-binding..
Any investment, construction, equipment procurement, power supply, customer, or operating agreement would remain subject to due diligence, regulatory approvals, financing, and the signing of definitive contracts.. “We intend to advance the Hai Phong opportunity in stages and make investment or construction decisions only after the key conditions have been validated,” said BTC Digital CEO Siguang Peng..
Infrastructure development at Nam Trang Cat Industrial Park itself only broke ground in May 2026. The Hai Phong government identifies Vinhomes Industrial Park Investment Joint Stock Company as the developer of the wider 200-hectare project.. BTC Digital, formerly known as Meten Holding Group, changed its name in August 2023.
An August 2026 SEC filing describes the company as a crypto asset technology business focused on Bitcoin mining, alongside mining-machine sales, rentals, and hosting services.. More in Crypto. 13 May 2026.
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