BTCT is trading at $1.13 (-5.83%) as it reverses a sharp pre-market surge despite positive momentum across the broader cryptocurrency market.
- The stock earlier jumped 14% to $1.37 in pre-market hours following the announcement of a joint venture with Aurora Energy for gas-powered mining.
- Shares are sharply diverging from major digital assets, with BTC up 3.06% and ETH gaining 4.36% since the previous close.
- No new catalysts or company-specific news have been identified to explain the reversal during open market hours while the S&P 500 remains in an uptrend (+0.24%).