August 10, 2022

NASDAQ: BTOG

Bit Origin Limited

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.

They focus on diversified expansion strategies with building a Bitcoin mining ecosystem as their backbone.

*****(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

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.”

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Their Growth Strategy
  • 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
Their Mission
  • Shaping the future of block-chain ecosystem in a sustainable way
Their Vision
  • To become the leading Bit-coin mining company through innovations
Bit Origin connects the past with the shared future…
Capital Market Activities in the Cryp-to Industry are Gaining Momentum
The Global Cryptocurrency Mining Market is Booming
The market is growing with the C-A-G-R of
  • 7.8%
by 2029, market size is expected to reach
  • $2,263Mn
Incremental growth over 2022 to 2029 is expected to be
  • $926Mn
Web 3.0 App’s? Block-chain Tech Provides Key Features
Endeavors into Web 3.0 Differentiates Them from Others
  • 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.”

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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.

Bit Origin Image

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.”

bitcoin mining

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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NEWS

June 1, 2022
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

MANAGEMENT

Lucas Wang
Lucas Wang
Chairman and CEO
Lucas Wang is the driving force behind the Company’s vision to become the leading Bitcoin mininig company through innovations. He has been deeply involved with blockchain industry since 2013, with significant experience in crypto mining ecosystem, De-Fi, NFTs and web 3.0, and he has designed and led the operation of mining facilities globally with capacity over 1,050MW.
Additionally, Lucas also serves as the Executive Chairman of WBA World Mining Development Alliance and Director of 100P Computing Power Club.
Lucas holds a Master of Business Administration from Hong Kong Finance and Economics College.
Dr. Jiaming Li
Dr. Jiaming Li
President
Dr. Jiaming Li brings over a decade of experience in private equity, crypto and real estate investments in the US, Canada, China and Singapore, including senior leadership roles at multi asset management companies, with combined AUM worth over USD 100 bn.
He also has deep expertise in mergers and acquisitions, private fund raising, IPOs, secondary offerings, and exploring and analyzing financing alternatives.
Dr. Jiaming Li holds a Phd in Finance from Fordham University.
Jinghai Jiang
Jinghai Jiang
Chief Operating Officer
Jinghai leads the Company’s operations and is an experienced blockchain expert, who brings tremendous technical, regulatory and market expertise.
As a successful serial entrepreneur, Jianghai founded Haiyuan Culture Development Limited and Qisuan Technology Limited to research and apply blockchain technology, and he is also the founder of online community “Big Cabbage Blockchain”. Through these previous ventures, Jinghai has invested over ten data centers with a total capacity of 1,030MW, and he owned over 10,000 miners and hosted 100,000 miners for third-parties.
Dr. Erick W. Rengifo
Dr. Erick W. Rengifo
Chief Strategic Officer
Erick’s experience includes over 20 years in finance and blockchain.
Previously, he founded Terra Global Asset Management LLC and Terra Fintech LLC, a Registered Investment Advisor and Large trader by SEC- USA.
Additionally, Erick W. Rengifo is the Professor of Economics at Fordham University. He is an active scholar with interested in blockchain technology and cryptocurrency.
Erick holds a PhD in Economics, from Catholic University of Louvain in Belgium.

Sincerely,

The Viral Stocks Team

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