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Bit Origin Limited (NASDAQ: BTOG) is an emerging growth company specializing in the crypto mining business with a robust and diversified expansion strategy. Their core mission is to shape the future of the blockchain ecosystem sustainably. Based in Singapore, Bit Origin Ltd focuses on deploying new technologies, crypto asset mining, and blockchain technologies, aiming to build a comprehensive Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions.
With a strong emphasis on innovation and sustainability, Bit Origin Ltd is continually seeking opportunities to integrate advanced technologies into their operations. The company has been exploring the potential of AI-driven solutions to enhance mining efficiency, optimize energy usage, and reduce operational risks. Through leveraging AI-powered algorithms, Bit Origin aims to increase mining efficiency, predict maintenance needs, and implement adaptive mining strategies to stay ahead in the competitive crypto mining landscape.
Recent strategic initiatives include a significant partnership with Aethir, a leader in decentralized GPU cloud infrastructure. As a sales representative for Aethir, Bit Origin aims to expand Aethir's market reach, leveraging their extensive industry connections and expertise. This collaboration aligns with Bit Origin's strategic objectives to lead in the technology and blockchain sectors, and they plan to acquire Aethir devices for strategic self-deployment in Singapore or Malaysia.
Bit Origin Ltd's leadership team, headed by Mr. Lucas Wang, Chairman and CEO, is committed to driving the company's growth and ensuring sustainable development. For the latest updates on Bit Origin’s news releases and SEC filings, stakeholders are encouraged to subscribe to email alerts available on the company's website.
Bit Origin Limited (NASDAQ: BTOG) announced a proposed underwritten public offering of ordinary shares to raise capital for working expenses and general business needs. The offering's details, including its size and terms, are subject to market conditions. Univest Securities, LLC is managing the offering. This sale is made under a previously filed shelf registration statement with the SEC. Investors are advised to read the related prospectus and documents available on the SEC website.
Bit Origin Limited (NASDAQ: BTOG) has announced a Letter of Intent to purchase 850 Antminer S19j Pro Bitcoin miners for $6,375,000, expected to enhance its mining capacity by over 85,000 TH/s. This acquisition will increase the total number of miners to 5,228 units, potentially generating approximately 501.2 PH/s and producing 63.45 BTCs monthly upon full deployment. The transaction is set to complete soon, pending customary conditions. The CEO expressed enthusiasm for asset accumulation as part of the company's strategic growth in the crypto mining sector.
Bit Origin Limited (NASDAQ: BTOG) has signed a Letter of Intent to acquire 750 Antminer S19j Pro Bitcoin Miners for $5.625 million. This purchase aims to enhance the Company's hash rate capacity by 75,000 TH/s, bringing the total to 4,378 miners operating at 416.2 PH/s and generating approximately 52.68 BTC monthly. The acquisition reflects Bit Origin's commitment to scaling its mining operations and business growth, with completion expected in the coming weeks. The Company plans to disclose further details via press releases or SEC filings as the transaction progresses.
Bit Origin Limited (NASDAQ: BTOG) has announced plans to acquire a 30.62% equity interest in Horizon Mining Ltd, which operates a crypto mining site in Macon, Georgia. This acquisition aims to enhance Bit Origin's cryptocurrency mining capacity by 9.49 megawatts, resulting in a hash rate of 316PH/s. The total consideration for the deal is approximately $4.25 million, with expectations of completion in the coming months. This strategic move is viewed as a significant milestone for Bit Origin in its quest to become a leading player in Bitcoin mining.
Bit Origin Limited (NASDAQ: BTOG), formerly China Xiangtai Food Co., Ltd., has officially rebranded as part of its strategic shift towards the crypto mining sector. Effective May 18, 2022, the company adopted a new name and logo, symbolizing its growth ambitions. Additionally, Bit Origin launched a revamped website on May 11, 2022, which includes a new investor presentation detailing its business strategies. CEO Lucas Wang emphasized the mission to lead in the Bitcoin mining industry sustainably, focusing on blockchain technology and innovation.
China Xiangtai Food Co., Ltd. (NASDAQ: BTOG), transitioning to Bit Origin Limited, announced participation in the Sidoti May Virtual Micro Cap Investor Conference on May 11-12, 2022. Chief Strategy Officer Erick W. Rengifo and President Jiaming Li will engage with investors during the event, with one-on-one meetings available. The presentation is set for May 12 from 11:30 AM to 12:00 PM ET. Interested investors can register for meetings and access presentation materials through the company’s website.
China Xiangtai Food Co. Ltd. (NASDAQ: BTOG) announced a hosting agreement with Horizon Mining Ltd on May 1, 2022, to secure up to 6.1 megawatts of cryptocurrency mining capacity in Georgia, U.S. The company deployed its first batch of 868 miners on May 5, 2022, with expectations to mine approximately 0.56 BTC daily, generating about $22,000 in daily revenue. For 2022, projected revenue from these operations is approximately $5 million. Chairman Lucas Wang expressed optimism about the company's growth and expansion in the North American market.
China Xiangtai Food Co., Ltd. (NASDAQ: BTOG) has approved key resolutions during its Special Meeting of Shareholders on April 26, 2022. The Company will change its name to Bit Origin Limited, effective April 27, 2022, to better reflect its focus on the crypto mining business. Additionally, Lucas Wang has been appointed as the new Chairman and CEO, replacing Zeshu Dai. The Company has also divested its previous business interests for $1,000,000 and increased its authorized share capital from $1.5 million to $3 million, reflecting its strategic pivot toward cryptocurrency operations.
The shareholders of China Xiangtai Food Co., Ltd. (NASDAQ: BTOG) approved significant changes during the Special Meeting on April 26, 2022. The company will officially change its name to Bit Origin Limited effective April 27, 2022, to better align with its focus on crypto mining. Mr. Lucas Wang has been appointed as Chairman and CEO, replacing Ms. Zeshu Dai. The company also divested its meat processing and feed business for US$1,000,000 and increased its authorized share capital from US$1,500,000 to US$3,000,000.
On March 22, 2022, China Xiangtai Food Co., Ltd. (NASDAQ: BTOG) appointed Dr. Xiaping Cao as an independent director, succeeding Mr. Zhaorong Zhu. Dr. Cao is renowned in the fintech sector and has extensive academic and professional experience, including roles at prestigious institutions. His expertise in equity financing is expected to enhance the company's strategic positioning in fintech. CEO Zeshu Dai expressed gratitude to Mr. Zhu for his contributions and welcomed Dr. Cao's appointment, highlighting its potential to strengthen capital market relations.
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