OUR NEW PROFILE IS: BTOG
BTOG Recently Signed a LOI To Acquire 30% Equity Interest In Horizon Mining Ltd
They Also Announced a Game-Changing Alliance With Horizon Mining Ltd
*****(BREAKING NEWS)*****
Bit Origin Limited Signs Letter of Intent to Purchase 850 Bitcoin Miners with Total Hash Rate of 85,000 TH/s
READ THE COMPANY PRESENTATION HERE
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Hello Everyone,
We want to kick off June with a brand new profile that has closed green 9 of the last 12 sessions. That is an impressive accomplishment given the current conditions.
We profiled some MONSTERS in May. We saw 3 double digit runners in a row earlier on in the month.
We want you to focus now on Nasdaq: BTOG.
Bit Origin Limited was established in 2018 in Chongqing, China, but later moved its operations to the U.S.
China’s crackdown has made the US the leading hub for the Bitcoin mining world. A massive uptick in mining operations has relocated to North America, mostly in the U.S after 500,000 formerly Chinese miner rigs shifted their operations elsewhere.
The US’ rising dominance is a simple case of making prior preparation. The country has quietly been building up its hosting capacity for years.
Despite recent struggles facing the global crypto market, the mining sector has remained profitable and continues its rapid growth.
Bit Origin is an emerging block-chain company managed by a group of experienced business builders across various industry spectrums : Cryp-to, Fi-nance, Block-chain networks.
*****(BREAKING NEWS)***** BACK 2 BACK!!!
Bit Origin Limited Signs Letter of Intent to Purchase 850 Bitcoin Miners with Total Hash Rate of 85,000 TH/s
New York, June 02, 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 certain company to purchase 850 Antminer S19j Pro (100 TH/s) Bitcoin Miners, which are expected to ramp up the hash rate of the Company’s miner fleet by over 85,000 TH/s. The anticipated purchase of miners will increase the Company’s total Bitcoin miners to 5,228 units, producing approximately 501.2 PH/s when all miners are operating at full capacity, and it is expected to produce 63.45 BTCs per month when all miners are deployed.
Pursuant to the LOI, the Company agrees to purchase 850 Antminer S19j pro (100 TH/s) Bitcoin Miners in an aggregate value of $6,375,000. 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, “We are very pleased to propose another asset purchase following the previous proposed purchase announced on June 1, 2022, and to continue working toward our strategic approach to accumulating miner assets. As we keep accumulating more miner assets and staying ahead of innovation, we are eyeing to become a leading bitcoin mining company.”
Bit Origin Limited Signs Letter of Intent to Purchase 750 Bitcoin Miners with Total Hash Rate of 75,000 TH/s
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.”
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- Strategic supply agreement with advanced miner manufacturers
- Incubation and acquisition of mining facilities
- Manufacture of miners and cloud mining driven by in-house R&D
- Add-on in-vestment in Web 3.0
- Shaping the future of block-chain ecosystem in a sustainable way
- To become the leading Bit-coin mining company through innovations
- 7.8%
- $2,263Mn
- $926Mn
- Their management team boast unmatched in-vestment return in the broader block-chain and Web 3.0 ecosystem = enhance shareholder value
- Block-chains participation: powering and securing new block-chains, protocols, and networks is coded in their GENES
- Metaverse and NFTs, De-Fi: Bottom-up analysis for early-stage innovative projects
Bit Origin Limited Signs Letter of Intent to Purchase 750 Bitcoin Miners with Total Hash Rate of 75,000 TH/s
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.”
Bit Origin presented new development plan on Sidoti & Co. May Investor Conference
Bit Origin Limited Intends to Invest in an Operator of a Cryptocurrency Mining Site in Macon, Georgia
The Company expects to obtain 9.49 megawatts cryptocurrency mining capacity with a hash rate of 316PH/s.
New York, May 25, 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”) to acquire 30.62% equity interest in Horizon Mining Ltd(“HML”), an operator of a crypto mining site located at Macon, Georgia to further facilitate Bit Origin’s strategic development process. The potential acquisition is expected to increase the Company’s cryptocurrency mining capacity by 9.49 megawatts (“MW”) with a hash rate of 316PH/s, which represents approximately 40 Bitcoins would be mined per month at full capacity.
Pursuant to the LOI, the Company agrees to acquire 30.62% of the equity interests of HML in exchange for consideration having an aggregate value of US$4,251,281. The Company expects to enter into a definitive agreement and expects the acquisition to be completed in the coming months, subject to the customary conditions. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate.
Chief Executive Officer of Horizon Mining Ltd commented, “We are extremely excited about the potential opportunity to collaborate with Bit Origin in our Georgia facility, as both parties share a vision for the future of Bitcoin mining in the United States. The resources Bit Origin brings, combined with our strength in mining operation, would allow us to achieve a shared growth potential.”
Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company, commented, “The acquisition proposal of HML would be one of the most significant achievements in Bit Origin’s growth to date and a solid milestone to achieve the Company’s development goal of becoming a leading Bitcoin mining company once the transaction is completed. HML is our long last strategic partner in the United States, and such an investment decision truly deepens our relationship for better collaborations in the future. The assets and sophisticated operation team acquired from HML will create financial and operational synergies and diversifies the Company’s risk and revenue model to become a crypto mining operator and hosting service provider. We are excited to enter the mining hosting sector to further enhance our competitive advantages in mining operation expertise while expanding our landscape in the US.”
China Xiangtai Food Co., Ltd. Announces New Alliance to Secure 6.1 Megawatt Cryptocurrency Mining Capacity and Initial Deployment of 868 miners in Georgia, U.S.
New York, May 05, 2022 (GLOBE NEWSWIRE) — China Xiangtai Food Co., Ltd. (NASDAQ: BTOG) (“China Xiangtai ” or the “Company”) (new name Bit Origin Limited pending name registration), an emerging growth company engaged in crypto mining business with a diversified expansion strategy, today announced that it has entered into a hosting agreement (the “Agreement”) with Horizon Mining Ltd (“Horizon”), an American operator of crypto mining site located in Georgia, U.S., on May 1, 2022, to secure its cryptocurrency mining capacity of up to 6.1 megawatt (“MW”). In addition, the Company also announced that its first batch of 868 miners will be deployed in Georgia, U.S. on May 5, 2022.
The site is located in Georgia Center for Innovation & Manufacturing in Macon City, Georgia. The Company expects to have its final inspection and power-up on the site today. The first batch of 868 miners will be deployed simultaneously and expected to operate and mine Bitcoin once finished all required work.
The hosting team will prepare for initiating the mining operations by setting up the miners and performing the final testing. In addition, the next batch of 560 miners will be deployed in the second week of May 2022. Running at full capacity, the total of 1,428 miners, representing a hash power of 132PH/s, are expected to mine 0.56 BTC per day or generate daily revenue of approximately US$22,000 (assuming Bitcoin price remains at US$39,204.10). We expect to see revenue of approximately US$5 million for 2022 from these miners only.
Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company, commented, “We are excited to announce that the operation of cryptocurrency miners marks the new era of the Company and accelerates the Company’s expansion strategy in North America. We expect to deepen the collaboration with Horizon to expand further as we deploy more miners in the near future. We are confident that we will be able to grow significantly and deliver greater value to shareholders.”
About China Xiangtai Food Co., Ltd.
China Xiangtai Food Co., Ltd., an emerging growth company engaged in crypto mining business. The Company is also actively deploying blockchain technologies, alongside diversified expansion strategies. The current operations are in the United States. For more information, please visit https://irplin.com.
About Horizon Mining Ltd
Horizon Mining Ltd owns and operates a 31MW crypto mining site in Macon City, Georgia. Horizon is led by an experienced management team and technical team, focused on building digital infrastructure and delivery of best-in-class hosting service. Horizon Mining Ltd is a joint venture of Horizon Mining, LLC., a privately-owned, experienced American operator of crypto mining farms sites in multiple states.
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The Viral Stocks Team
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