Bit Origin Ltd (BTOG) News

Such a weird ticker. Someone’s been swapping hands for a million bucks a day

Like 3million bucks on the ask again

LOL

Guess someone bought them and more. About 2million bucks

275k shares for sale at $5

That’s hilarious

Chinaaaaaa

That wasn’t hard to see

Uh oh spaghetti ooooo

Watching mm trade about 100k shares at 8.36/8.37 was hilarious just before the drop

Look at CCTG today

Just wait. It’s coming…. Let it hit $10

Identical offshore bunker action sit on your hands for now

Fun to watch them filling 50-100k dollar blocks - don’t blink that -50% red around the corner

Should eventually be the next china ticker that falls off a cliff like RTC WNW yesterday

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

China is Now Painting Pigs Black - Why?
$BTOG

BTOG chart

Nice news! Should start a rally!

Bit Origin Limited Signs Letter of Intent to Purchase 750 Bitcoin Miners with Total Hash Rate ...

Posted Wednesday, June 1, 2022 5:03 am
Bit Origin Limited

New York, June 01, 2022 (GLOBE NEWSWIRE) -- Bit Origin Limited (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an emerging growth company engaged in crypto mining business with diversified expansion strategies, today announced that the Company has entered into a Letter of Intent (“LOI”) with an American Counterparty to purchase 750 Antminer S19j Pro (100 TH/s) Bitcoin Miners, which are expected to ramp up the hash rate of the Company's miner fleet by 75,000 TH/s. The anticipated purchase of miners will increase the Company’s Bitcoin miners to 4,378 units, producing approximately 416.2 PH/s when all miners are operating at full capacity, and it is expected to produce 52.68 BTCs per month when all miners are deployed.

Pursuant to the LOI, the Company agrees to purchase 750 Antminer S19j Pro (100 TH/s) Bitcoin Miners in an aggregate value of US$5,625,000. The Company expects to enter into a definitive agreement and expects the transaction to be completed in the coming weeks, subject to the customary conditions, and the miners are expected to be delivered to the Company’s U.S. mining facility upon assigning of the definitive agreement. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate.

Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company, commented, “The proposed asset purchase plan from the LOI will greatly enhance our hash rate capacity, and it is another important approach in our growth strategies to expand our business since we have completed our new company name change. Under the guidance of our strong leadership, we will continue to source the best miners at competitive pricing with strong relationships in the industry. The management team of the Company is making significant efforts to scale up our mining capacity rapidly, accelerate business growth, and ultimately create long-term value for our shareholders.”

About Bit Origin Limited

Bit Origin Limited, formerly known as China Xiangtai Food Co., Ltd., is an emerging growth company operating in the United States and engaged in crypto mining business. The Company is also actively deploying blockchain technologies, alongside diversified expansion strategies. For more information, please visit https://bitorigin.io.