X3 Holdings (XTKG) Expands Bitcoin Miner Fleet

X3 Holdings Co., Ltd. (Nasdaq: XTKG) ("X3 Holdings" or the "Company"), a global provider of digital solutions and technology services spanning diverse industries, is pleased to announce the signing of a term sheet for multi-year purchase agreements with a leading supplier of bitcoin mining equipment.

X3 Holdings will purchase the next generation of Avalon bitcoin miners in tranches, using a combination of cash and vendor credits. A total of 30,000 bitcoin miners are projected to be purchased by 2026. These miners will be strategically deployed at the Company's globally diversified hosting sites powered by renewable energy sources.

The next generation of Avalon bitcoin miners is known for their extraordinary energy efficiency and superior performance metrics, with industry-leading hashing power and energy efficiency. Introduced since 2013, Avalon miners have continually expanded their energy efficiency and hashing capability, with growing adoption by mining entities worldwide.

Stewart Lor, CEO of X3 Holdings, expressed his confidence: "This agreement with our strategic partner ensures that we have a stable supply of top-tiered mining equipment, which is extremely crucial in expanding our miner fleet. I am confident that our cryptomining business will substantially drive our overall future growth."

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