View Past PerformanceBit Origin バランスシートの健全性財務の健全性 基準チェック /46Bit Originの総株主資本は$3.2M 、総負債は$0.0で、負債比率は0%となります。総資産と総負債はそれぞれ$3.5Mと$372.1Kです。主要情報0%負債資本比率US$0負債インタレスト・カバレッジ・レシオn/a現金US$55.64kエクイティUS$3.16m負債合計US$372.08k総資産US$3.54m財務の健全性に関する最新情報お知らせ • Feb 27Bit Origin Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price DeficiencyBit Origin Ltd. announced that it has received a notification letter from the Nasdaq Stock Market LLC (‘Nasdaq’) on February 21, 2025, indicating that the Company is not in compliance with Nasdaq’s minimum bid price requirement. Nasdaq Listing Rule 5550(a)(2) requires that listed securities maintain a minimum bid price of $1.00 per share. The notification letter stated that the Company’s ordinary shares have failed to maintain this minimum bid price for the last 30 consecutive business days, from January 7, 2025, to February 20, 2025. The notification does not immediately impact the listing or trading of the Company’s ordinary shares on Nasdaq. Under Nasdaq rules, Bit Origin Limited has been granted a compliance period of 180 calendar days, until August 20, 2025, to regain compliance. If, at any time during this period, the closing bid price of the Company’s stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will confirm compliance, and the matter will be resolved. If the Company is unable to regain compliance by August 20, 2025, it may be eligible for additional time. To qualify, the Company will be required to meet continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period, which may include implementing a reverse stock split if necessary. The Company is actively monitoring the bid price of its ordinary shares and is considering all available options to regain compliance with Nasdaq’s requirements. Bit Origin Limited remains committed to delivering value to its shareholders and maintaining its listing on Nasdaq.お知らせ • Nov 22Bit Origin Announces Receipt of Delinquency Notification Letter from Nasdaq Relating to Non-Compliance with Listing Rule 5250(c)(1)Bit Origin Ltd. announced that the Company received a delinquency notification letter (the ‘Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) on November 20, 2024, which indicated that, as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the ‘Form 20-F’) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 20-F, or until May 12, 2025, to file the Form 20-F to regain compliance; however, there can be no assurance that these events will occur. Neither the Notice nor the Company's noncompliance with the Rule has an immediate effect on the listing or trading of the Company's securities on Nasdaq. The Company continues to work diligently to complete the Form 20-F and plans to file the same as promptly as possible to regain compliance with the Rule.お知らせ • Nov 01Bit Origin Ltd announced delayed 20-F filingOn 10/31/2024, Bit Origin Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC.分析記事 • Apr 29Is Bit Origin (NASDAQ:BTOG) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jun 16Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price RequirementBit Origin Ltd. announced that it has received notice from Nasdaq Stock Market ("Nasdaq") on June 14, 2023 informing the Company that it had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) ("Rule") for continued listing on the Nasdaq Capital Market and that the matter is now closed. To regain compliance with the Rule, which requires the closing bid price of the Company’s ordinary shares to maintain a minimum of $1.00 or more for at least 10 consecutive business days, the Company’s ordinary shares had a closing bid price at or above $1.00 per share for 11 consecutive business days from May 30 to June 13, 2023. Therefore, the Nasdaq Listing Qualifications Department has closed the deficiency case for Bit Origin.すべての更新を表示Recent updatesNew Risk • May 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m (US$39k revenue). Market cap is less than US$10m (US$2.66m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).お知らせ • Apr 17Bit Origin Ltd announced that it expects to receive $5 million in fundingBit Origin Ltd announced that it has entered into a securities purchase agreement to issue a Senior Convertible Note for gross proceeds of $5,000,000 on April 16, 2026. On the same day, company issued notes for the principle amount of $500,000. Maturity date of the Notes is April 16, 2030. Conversion price is $2.76.New Risk • Jan 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m (US$39k revenue). Minor Risk Market cap is less than US$100m (US$15.5m market cap).Reported Earnings • Nov 02Full year 2025 earnings released: US$0.28 loss per share (vs US$3.35 loss in FY 2024)Full year 2025 results: US$0.28 loss per share (improved from US$3.35 loss in FY 2024). Net loss: US$6.53m (loss narrowed 63% from FY 2024).New Risk • Oct 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$1.9m). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$32.0m market cap).New Risk • Apr 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.2m free cash flow). Share price has been highly volatile over the past 3 months (47% average weekly change). Negative equity (-US$1.9m). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$1.27m market cap).New Risk • Apr 08New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$1.9m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.2m free cash flow). Share price has been highly volatile over the past 3 months (48% average weekly change). Negative equity (-US$1.9m). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (US$939.5k market cap). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding).New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 29% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.9m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (US$1.41m market cap). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (US$2.9m revenue).お知らせ • Feb 28Bit Origin Ltd, Annual General Meeting, Mar 14, 2025Bit Origin Ltd, Annual General Meeting, Mar 14, 2025, at 10:00 Singapore Standard Time. Location: 27f samsung hub, 3 church street, 049483., Singaporeお知らせ • Feb 27Bit Origin Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price DeficiencyBit Origin Ltd. announced that it has received a notification letter from the Nasdaq Stock Market LLC (‘Nasdaq’) on February 21, 2025, indicating that the Company is not in compliance with Nasdaq’s minimum bid price requirement. Nasdaq Listing Rule 5550(a)(2) requires that listed securities maintain a minimum bid price of $1.00 per share. The notification letter stated that the Company’s ordinary shares have failed to maintain this minimum bid price for the last 30 consecutive business days, from January 7, 2025, to February 20, 2025. The notification does not immediately impact the listing or trading of the Company’s ordinary shares on Nasdaq. Under Nasdaq rules, Bit Origin Limited has been granted a compliance period of 180 calendar days, until August 20, 2025, to regain compliance. If, at any time during this period, the closing bid price of the Company’s stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will confirm compliance, and the matter will be resolved. If the Company is unable to regain compliance by August 20, 2025, it may be eligible for additional time. To qualify, the Company will be required to meet continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period, which may include implementing a reverse stock split if necessary. The Company is actively monitoring the bid price of its ordinary shares and is considering all available options to regain compliance with Nasdaq’s requirements. Bit Origin Limited remains committed to delivering value to its shareholders and maintaining its listing on Nasdaq.Board Change • Jan 31High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Xiaping Cao is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 22Bit Origin Announces Receipt of Delinquency Notification Letter from Nasdaq Relating to Non-Compliance with Listing Rule 5250(c)(1)Bit Origin Ltd. announced that the Company received a delinquency notification letter (the ‘Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) on November 20, 2024, which indicated that, as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the ‘Form 20-F’) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 20-F, or until May 12, 2025, to file the Form 20-F to regain compliance; however, there can be no assurance that these events will occur. Neither the Notice nor the Company's noncompliance with the Rule has an immediate effect on the listing or trading of the Company's securities on Nasdaq. The Company continues to work diligently to complete the Form 20-F and plans to file the same as promptly as possible to regain compliance with the Rule.お知らせ • Nov 01Bit Origin Ltd announced delayed 20-F filingOn 10/31/2024, Bit Origin Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC.New Risk • Aug 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.79m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 69% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Market cap is less than US$10m (US$9.79m market cap).分析記事 • Apr 29Is Bit Origin (NASDAQ:BTOG) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Dec 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (US$17.5m market cap).お知らせ • Dec 12Bit Origin Ltd announced that it expects to receive $24.74 million in funding from ATW Digital Asset Opportunities LLCBit Origin Ltd entered into a securities purchase agreement to sell up to $24,740,000 million of convertible notes (“Notes”) and warrants to ATW Digital Asset Opportunities LLC on December 11, 2023.お知らせ • Dec 02Bit Origin Ltd Announces Executive ResignationsOn November 27, 2023, Jiaming Li tendered his resignation as the President of Bit Origin Ltd. (the “Company”) and Lianfei Du tendered her resignation as the Executive Vice President of the Company, both effective on November 27, 2023. Mr. Li and Ms. Du will remain as advisors to the Company on an as-needed basis. Mr. Li’s and Ms. Du’s resignations were not the result of any disagreement with the Company’s operations, policies or procedures.New Risk • Nov 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.9m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$14.6m market cap).New Risk • Oct 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (US$4.81m market cap). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (US$2.3m revenue).お知らせ • Jun 16Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price RequirementBit Origin Ltd. announced that it has received notice from Nasdaq Stock Market ("Nasdaq") on June 14, 2023 informing the Company that it had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) ("Rule") for continued listing on the Nasdaq Capital Market and that the matter is now closed. To regain compliance with the Rule, which requires the closing bid price of the Company’s ordinary shares to maintain a minimum of $1.00 or more for at least 10 consecutive business days, the Company’s ordinary shares had a closing bid price at or above $1.00 per share for 11 consecutive business days from May 30 to June 13, 2023. Therefore, the Nasdaq Listing Qualifications Department has closed the deficiency case for Bit Origin.お知らせ • Jan 05Bit Origin Ltd Announces Resignation of Erick W Rengifo as Director and Chief Strategy OfficerBit Origin Ltd. announced that on December 31, 2022, Mr. Erick W Rengifo tendered his resignation as a Director and the Chief Strategy Officer. Mr. Rengifo’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rick Toussaint is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Seeking Alpha • Sep 07Bit Origin's shares jump as mining surges 165% M/M in AugustBit Origin (NASDAQ:BTOG) posted a mining hash rate of 308 PH/s with 3,190 miners installed at the end of August, up 196% and 205% sequentially. The company mined 21.95 Bitcoins in August, representing a revenue of US$490,749, an increase of 165% and 167%, respectively, from the previous month. The company said it has mined 15.46 Bitcoins, representing a total revenue of US$375,915 for the three months from May to July 2022. Lucas Wang, Chairman and CEO at Bit Origin, noted: "We expect to see a significant increase in our capacity once the purchase of 622 Antminer S19j Pro Bitcoin miners are deployed." Bit Origin started bitcoin mining in sites in Georgia and Indiana in May and June 2022, respectively. The instalment of 622 miners in Georgia drove a 24% and 25% increase in the number of miners installed and the hash rate from July 2022. Shares have jumped +8.22% so far in trading today.Seeking Alpha • Aug 08Bit Origin provides bitcoin mining update for JulyBit Origin (NASDAQ:BTOG) reported Monday total mining hash rate of 246 PH/s with 2,568 miners installed for the month of July, reflecting a sequential growth of 196% and 205%, respectively. The company said it has mined 15.46 Bitcoins, representing a total revenue of US$375,915 for the three months from May to July 2022. "Over the past three months, we focused on our expansion in the U.S. and made significant progress with 2,568 miners deployed. The number of Bitcoins mined and our revenue have increased by 71% and 50%, respectively, in July 2022 compared to the previous month,” noted Mr. Lucas Wang, Chairman and CEO at Bit Origin. The company said it is operating the Georgia site on a hosting basis with a mining capacity of up to 6.1 MW. Outlook: Based on the current mining site development and miner procurement plan, the company expects to deploy the remaining 1,060 purchased miners in the fourth quarter of 2022. Once all 3,628 purchased miners are deployed, the total hash rate is expected to reach 338 Ph/s. Earlier: Bit Origin provides operation updates, future miner deployment scheduleSeeking Alpha • Jul 19Bit Origin provides operation updates, future miner deployment scheduleBit Origin (NASDAQ:BTOG) said it completed installations of its first batch of miners, mined its first bitcoin and started critical developments of its mining sites as part of the crypto mining company's operation updates and future miner deployment schedule. Bit Origin, formerly known as China Xiangtai Food, said total mining hash rate reached 176 PH/s as of Jul. 19. It had started bitcoin mining in Georgia and Indiana in May and June, respectively. The details will be disclosed in the audited financial result, expected to be released in August. The company's proposed acquisition of 30.62% equity interest in Horizon Mining, which is likely to increase the company's cryptocurrency mining capacity by 9.49 megawatts, is expected to complete in Q3. Also, the company said it has completed the deployment of the 1,000 miners in accordance with a Jun. 8 hosting service agreement, and is expected to deploy 700 mining spots by the third week of July in accordance with a Jul. 11 agreement. In accordance with a Jun. 15 definitive agreement entered into with a private cryptocurrency mining investment fund, the investment by the fund in a mining site has commenced, and is expected to complete in December. Additionally, the company also provided updates on the other agreements that it signed. BTOG shares were trading +3.19% pre-market. Source: Press ReleaseSeeking Alpha • Jul 11Bit Origin to add additional 700 mining spots increasing mining power of 64 PH/sBit Origin (NASDAQ:BTOG) gains 2% premarket over a strategic hosting service agreement with Your Choice 4 CA to lease another 700 mining spots with an aggregate mining power of 64 PH/s in Marion, Indiana. It is expected to produce ~8.33 BTCs per month for the company when all 700 miners are deployed in late July 2022 as scheduled. Per the agreement, YCI agrees to provide Bit Origin with 700 hosting spots, providing approximately 64 PH/s at full capacity. The agreement is effective as of July 6, 2022 and shall remain in force for one year. YCI also agrees to offer the company renewal option to extend the term of the agreement upon written mutual agreement. The company previously announced with YCI to lease 1,000 mining spots. The company expects to operate 1,700 miners with a total capacity of 156 PH/S when all miners are deployed, representing the production of 20.22 BTCs per month at current block difficulty level in the mining site in Marion, Indiana.Board Change • Jun 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rick Toussaint is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • May 13First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$9.50m from 1H 2021). Profit margin: (up from net loss in 1H 2021).Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairwoman & CEO Zeshu Dai is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 02High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairwoman & CEO Zeshu Dai is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions Derivative • Dec 07Chief Financial Officer notifies of intention to sell stockXia Wang intends to sell 196k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of December. If the sale is conducted around the recent share price of US$1.89, it would amount to US$370k. Since June 2021, Xia has owned 196.39k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Reported Earnings • Nov 18Full year 2021 earnings released: US$0.27 loss per share (vs US$0.14 loss in FY 2020)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: US$80.5m (down 27% from FY 2020). Net loss: US$10.8m (loss widened 251% from FY 2020).Recent Insider Transactions Derivative • Sep 25Chairwoman & CEO notifies of intention to sell stockZeshu Dai intends to sell 290k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$1.00, it would amount to US$290k. Since June 2021, Zeshu has owned 290.00k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Reported Earnings • Aug 12First half 2021 earnings released: US$0.33 loss per share (vs US$0.004 loss in 1H 2020)The company reported a decent first half result with improved revenues, although losses increased and control over costs was weaker. First half 2021 results: Revenue: US$100.1m (up 100% from 1H 2020). Net loss: US$9.50m (loss widened US$9.42m from 1H 2020).Executive Departure • Jun 11Independent Director Bangquan Ou has left the companyOn the 3rd of June, Bangquan Ou's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Bangquan's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Executive Departure • Jun 11Director Penglin Wang has left the companyOn the 3rd of June, Penglin Wang's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Penglin's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Reported Earnings • Jun 11First half 2021 earnings released: US$0.33 loss per share (vs US$0.028 loss in 1H 2020)The company reported a mediocre first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$100.1m (up 95% from 1H 2020). Net loss: US$9.50m (loss widened US$8.88m from 1H 2020).Is New 90 Day High Low • Feb 06New 90-day high: US$1.10The company is up 39% from its price of US$0.79 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 4.0% over the same period.Valuation Update With 7 Day Price Move • Oct 22Market bids up stock over the past weekAfter last week's 33% share price gain to US$1.16, the stock is trading at a trailing P/E ratio of 9.5x, up from the previous P/E ratio of 7.1x. This compares to an average P/E of 26x in the Food industry in the US. Total return to shareholders over the past year is a loss of 74%.Is New 90 Day High Low • Sep 19New 90-day low: US$0.73The company is down 57% from its price of US$1.70 on 19 June 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 3.0% over the same period.財務状況分析短期負債: BTOGの 短期資産 ( $3.5M ) が 短期負債 ( $372.1K ) を超えています。長期負債: BTOGには長期負債はありません。デット・ツー・エクイティの歴史と分析負債レベル: BTOGは負債がありません。負債の削減: BTOG負債比率が24.3%であった 5 年前と比べて負債がありません。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 現在のフリーキャッシュフローに基づいて、 BTOGに十分なキャッシュランウェイがあるかどうかを判断するにはデータが不十分です。キャッシュランウェイの予測: BTOGの フリー キャッシュ フロー が過去のレートに基づいて増加または減少し続ける場合、十分な キャッシュ ランウェイ があるかどうかを判断するためのデータが不十分です。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 03:42終値2026/06/11 00:00収益2025/06/30年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Bit Origin Ltd 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Feb 27Bit Origin Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price DeficiencyBit Origin Ltd. announced that it has received a notification letter from the Nasdaq Stock Market LLC (‘Nasdaq’) on February 21, 2025, indicating that the Company is not in compliance with Nasdaq’s minimum bid price requirement. Nasdaq Listing Rule 5550(a)(2) requires that listed securities maintain a minimum bid price of $1.00 per share. The notification letter stated that the Company’s ordinary shares have failed to maintain this minimum bid price for the last 30 consecutive business days, from January 7, 2025, to February 20, 2025. The notification does not immediately impact the listing or trading of the Company’s ordinary shares on Nasdaq. Under Nasdaq rules, Bit Origin Limited has been granted a compliance period of 180 calendar days, until August 20, 2025, to regain compliance. If, at any time during this period, the closing bid price of the Company’s stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will confirm compliance, and the matter will be resolved. If the Company is unable to regain compliance by August 20, 2025, it may be eligible for additional time. To qualify, the Company will be required to meet continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period, which may include implementing a reverse stock split if necessary. The Company is actively monitoring the bid price of its ordinary shares and is considering all available options to regain compliance with Nasdaq’s requirements. Bit Origin Limited remains committed to delivering value to its shareholders and maintaining its listing on Nasdaq.
お知らせ • Nov 22Bit Origin Announces Receipt of Delinquency Notification Letter from Nasdaq Relating to Non-Compliance with Listing Rule 5250(c)(1)Bit Origin Ltd. announced that the Company received a delinquency notification letter (the ‘Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) on November 20, 2024, which indicated that, as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the ‘Form 20-F’) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 20-F, or until May 12, 2025, to file the Form 20-F to regain compliance; however, there can be no assurance that these events will occur. Neither the Notice nor the Company's noncompliance with the Rule has an immediate effect on the listing or trading of the Company's securities on Nasdaq. The Company continues to work diligently to complete the Form 20-F and plans to file the same as promptly as possible to regain compliance with the Rule.
お知らせ • Nov 01Bit Origin Ltd announced delayed 20-F filingOn 10/31/2024, Bit Origin Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC.
分析記事 • Apr 29Is Bit Origin (NASDAQ:BTOG) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jun 16Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price RequirementBit Origin Ltd. announced that it has received notice from Nasdaq Stock Market ("Nasdaq") on June 14, 2023 informing the Company that it had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) ("Rule") for continued listing on the Nasdaq Capital Market and that the matter is now closed. To regain compliance with the Rule, which requires the closing bid price of the Company’s ordinary shares to maintain a minimum of $1.00 or more for at least 10 consecutive business days, the Company’s ordinary shares had a closing bid price at or above $1.00 per share for 11 consecutive business days from May 30 to June 13, 2023. Therefore, the Nasdaq Listing Qualifications Department has closed the deficiency case for Bit Origin.
New Risk • May 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m (US$39k revenue). Market cap is less than US$10m (US$2.66m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).
お知らせ • Apr 17Bit Origin Ltd announced that it expects to receive $5 million in fundingBit Origin Ltd announced that it has entered into a securities purchase agreement to issue a Senior Convertible Note for gross proceeds of $5,000,000 on April 16, 2026. On the same day, company issued notes for the principle amount of $500,000. Maturity date of the Notes is April 16, 2030. Conversion price is $2.76.
New Risk • Jan 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m (US$39k revenue). Minor Risk Market cap is less than US$100m (US$15.5m market cap).
Reported Earnings • Nov 02Full year 2025 earnings released: US$0.28 loss per share (vs US$3.35 loss in FY 2024)Full year 2025 results: US$0.28 loss per share (improved from US$3.35 loss in FY 2024). Net loss: US$6.53m (loss narrowed 63% from FY 2024).
New Risk • Oct 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$1.9m). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$32.0m market cap).
New Risk • Apr 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.2m free cash flow). Share price has been highly volatile over the past 3 months (47% average weekly change). Negative equity (-US$1.9m). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$1.27m market cap).
New Risk • Apr 08New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$1.9m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.2m free cash flow). Share price has been highly volatile over the past 3 months (48% average weekly change). Negative equity (-US$1.9m). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (US$939.5k market cap). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding).
New Risk • Mar 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 29% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.9m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (US$1.41m market cap). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (US$2.9m revenue).
お知らせ • Feb 28Bit Origin Ltd, Annual General Meeting, Mar 14, 2025Bit Origin Ltd, Annual General Meeting, Mar 14, 2025, at 10:00 Singapore Standard Time. Location: 27f samsung hub, 3 church street, 049483., Singapore
お知らせ • Feb 27Bit Origin Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price DeficiencyBit Origin Ltd. announced that it has received a notification letter from the Nasdaq Stock Market LLC (‘Nasdaq’) on February 21, 2025, indicating that the Company is not in compliance with Nasdaq’s minimum bid price requirement. Nasdaq Listing Rule 5550(a)(2) requires that listed securities maintain a minimum bid price of $1.00 per share. The notification letter stated that the Company’s ordinary shares have failed to maintain this minimum bid price for the last 30 consecutive business days, from January 7, 2025, to February 20, 2025. The notification does not immediately impact the listing or trading of the Company’s ordinary shares on Nasdaq. Under Nasdaq rules, Bit Origin Limited has been granted a compliance period of 180 calendar days, until August 20, 2025, to regain compliance. If, at any time during this period, the closing bid price of the Company’s stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will confirm compliance, and the matter will be resolved. If the Company is unable to regain compliance by August 20, 2025, it may be eligible for additional time. To qualify, the Company will be required to meet continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period, which may include implementing a reverse stock split if necessary. The Company is actively monitoring the bid price of its ordinary shares and is considering all available options to regain compliance with Nasdaq’s requirements. Bit Origin Limited remains committed to delivering value to its shareholders and maintaining its listing on Nasdaq.
Board Change • Jan 31High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Xiaping Cao is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 22Bit Origin Announces Receipt of Delinquency Notification Letter from Nasdaq Relating to Non-Compliance with Listing Rule 5250(c)(1)Bit Origin Ltd. announced that the Company received a delinquency notification letter (the ‘Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) on November 20, 2024, which indicated that, as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the ‘Form 20-F’) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Rule’), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the ‘SEC’). The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 20-F, or until May 12, 2025, to file the Form 20-F to regain compliance; however, there can be no assurance that these events will occur. Neither the Notice nor the Company's noncompliance with the Rule has an immediate effect on the listing or trading of the Company's securities on Nasdaq. The Company continues to work diligently to complete the Form 20-F and plans to file the same as promptly as possible to regain compliance with the Rule.
お知らせ • Nov 01Bit Origin Ltd announced delayed 20-F filingOn 10/31/2024, Bit Origin Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC.
New Risk • Aug 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.79m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 69% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Market cap is less than US$10m (US$9.79m market cap).
分析記事 • Apr 29Is Bit Origin (NASDAQ:BTOG) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Dec 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (US$17.5m market cap).
お知らせ • Dec 12Bit Origin Ltd announced that it expects to receive $24.74 million in funding from ATW Digital Asset Opportunities LLCBit Origin Ltd entered into a securities purchase agreement to sell up to $24,740,000 million of convertible notes (“Notes”) and warrants to ATW Digital Asset Opportunities LLC on December 11, 2023.
お知らせ • Dec 02Bit Origin Ltd Announces Executive ResignationsOn November 27, 2023, Jiaming Li tendered his resignation as the President of Bit Origin Ltd. (the “Company”) and Lianfei Du tendered her resignation as the Executive Vice President of the Company, both effective on November 27, 2023. Mr. Li and Ms. Du will remain as advisors to the Company on an as-needed basis. Mr. Li’s and Ms. Du’s resignations were not the result of any disagreement with the Company’s operations, policies or procedures.
New Risk • Nov 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.9m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$14.6m market cap).
New Risk • Oct 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (US$4.81m market cap). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (US$2.3m revenue).
お知らせ • Jun 16Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price RequirementBit Origin Ltd. announced that it has received notice from Nasdaq Stock Market ("Nasdaq") on June 14, 2023 informing the Company that it had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) ("Rule") for continued listing on the Nasdaq Capital Market and that the matter is now closed. To regain compliance with the Rule, which requires the closing bid price of the Company’s ordinary shares to maintain a minimum of $1.00 or more for at least 10 consecutive business days, the Company’s ordinary shares had a closing bid price at or above $1.00 per share for 11 consecutive business days from May 30 to June 13, 2023. Therefore, the Nasdaq Listing Qualifications Department has closed the deficiency case for Bit Origin.
お知らせ • Jan 05Bit Origin Ltd Announces Resignation of Erick W Rengifo as Director and Chief Strategy OfficerBit Origin Ltd. announced that on December 31, 2022, Mr. Erick W Rengifo tendered his resignation as a Director and the Chief Strategy Officer. Mr. Rengifo’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rick Toussaint is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Seeking Alpha • Sep 07Bit Origin's shares jump as mining surges 165% M/M in AugustBit Origin (NASDAQ:BTOG) posted a mining hash rate of 308 PH/s with 3,190 miners installed at the end of August, up 196% and 205% sequentially. The company mined 21.95 Bitcoins in August, representing a revenue of US$490,749, an increase of 165% and 167%, respectively, from the previous month. The company said it has mined 15.46 Bitcoins, representing a total revenue of US$375,915 for the three months from May to July 2022. Lucas Wang, Chairman and CEO at Bit Origin, noted: "We expect to see a significant increase in our capacity once the purchase of 622 Antminer S19j Pro Bitcoin miners are deployed." Bit Origin started bitcoin mining in sites in Georgia and Indiana in May and June 2022, respectively. The instalment of 622 miners in Georgia drove a 24% and 25% increase in the number of miners installed and the hash rate from July 2022. Shares have jumped +8.22% so far in trading today.
Seeking Alpha • Aug 08Bit Origin provides bitcoin mining update for JulyBit Origin (NASDAQ:BTOG) reported Monday total mining hash rate of 246 PH/s with 2,568 miners installed for the month of July, reflecting a sequential growth of 196% and 205%, respectively. The company said it has mined 15.46 Bitcoins, representing a total revenue of US$375,915 for the three months from May to July 2022. "Over the past three months, we focused on our expansion in the U.S. and made significant progress with 2,568 miners deployed. The number of Bitcoins mined and our revenue have increased by 71% and 50%, respectively, in July 2022 compared to the previous month,” noted Mr. Lucas Wang, Chairman and CEO at Bit Origin. The company said it is operating the Georgia site on a hosting basis with a mining capacity of up to 6.1 MW. Outlook: Based on the current mining site development and miner procurement plan, the company expects to deploy the remaining 1,060 purchased miners in the fourth quarter of 2022. Once all 3,628 purchased miners are deployed, the total hash rate is expected to reach 338 Ph/s. Earlier: Bit Origin provides operation updates, future miner deployment schedule
Seeking Alpha • Jul 19Bit Origin provides operation updates, future miner deployment scheduleBit Origin (NASDAQ:BTOG) said it completed installations of its first batch of miners, mined its first bitcoin and started critical developments of its mining sites as part of the crypto mining company's operation updates and future miner deployment schedule. Bit Origin, formerly known as China Xiangtai Food, said total mining hash rate reached 176 PH/s as of Jul. 19. It had started bitcoin mining in Georgia and Indiana in May and June, respectively. The details will be disclosed in the audited financial result, expected to be released in August. The company's proposed acquisition of 30.62% equity interest in Horizon Mining, which is likely to increase the company's cryptocurrency mining capacity by 9.49 megawatts, is expected to complete in Q3. Also, the company said it has completed the deployment of the 1,000 miners in accordance with a Jun. 8 hosting service agreement, and is expected to deploy 700 mining spots by the third week of July in accordance with a Jul. 11 agreement. In accordance with a Jun. 15 definitive agreement entered into with a private cryptocurrency mining investment fund, the investment by the fund in a mining site has commenced, and is expected to complete in December. Additionally, the company also provided updates on the other agreements that it signed. BTOG shares were trading +3.19% pre-market. Source: Press Release
Seeking Alpha • Jul 11Bit Origin to add additional 700 mining spots increasing mining power of 64 PH/sBit Origin (NASDAQ:BTOG) gains 2% premarket over a strategic hosting service agreement with Your Choice 4 CA to lease another 700 mining spots with an aggregate mining power of 64 PH/s in Marion, Indiana. It is expected to produce ~8.33 BTCs per month for the company when all 700 miners are deployed in late July 2022 as scheduled. Per the agreement, YCI agrees to provide Bit Origin with 700 hosting spots, providing approximately 64 PH/s at full capacity. The agreement is effective as of July 6, 2022 and shall remain in force for one year. YCI also agrees to offer the company renewal option to extend the term of the agreement upon written mutual agreement. The company previously announced with YCI to lease 1,000 mining spots. The company expects to operate 1,700 miners with a total capacity of 156 PH/S when all miners are deployed, representing the production of 20.22 BTCs per month at current block difficulty level in the mining site in Marion, Indiana.
Board Change • Jun 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rick Toussaint is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • May 13First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$9.50m from 1H 2021). Profit margin: (up from net loss in 1H 2021).
Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairwoman & CEO Zeshu Dai is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 02High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairwoman & CEO Zeshu Dai is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions Derivative • Dec 07Chief Financial Officer notifies of intention to sell stockXia Wang intends to sell 196k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of December. If the sale is conducted around the recent share price of US$1.89, it would amount to US$370k. Since June 2021, Xia has owned 196.39k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Reported Earnings • Nov 18Full year 2021 earnings released: US$0.27 loss per share (vs US$0.14 loss in FY 2020)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: US$80.5m (down 27% from FY 2020). Net loss: US$10.8m (loss widened 251% from FY 2020).
Recent Insider Transactions Derivative • Sep 25Chairwoman & CEO notifies of intention to sell stockZeshu Dai intends to sell 290k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$1.00, it would amount to US$290k. Since June 2021, Zeshu has owned 290.00k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Reported Earnings • Aug 12First half 2021 earnings released: US$0.33 loss per share (vs US$0.004 loss in 1H 2020)The company reported a decent first half result with improved revenues, although losses increased and control over costs was weaker. First half 2021 results: Revenue: US$100.1m (up 100% from 1H 2020). Net loss: US$9.50m (loss widened US$9.42m from 1H 2020).
Executive Departure • Jun 11Independent Director Bangquan Ou has left the companyOn the 3rd of June, Bangquan Ou's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Bangquan's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Executive Departure • Jun 11Director Penglin Wang has left the companyOn the 3rd of June, Penglin Wang's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Penglin's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Reported Earnings • Jun 11First half 2021 earnings released: US$0.33 loss per share (vs US$0.028 loss in 1H 2020)The company reported a mediocre first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$100.1m (up 95% from 1H 2020). Net loss: US$9.50m (loss widened US$8.88m from 1H 2020).
Is New 90 Day High Low • Feb 06New 90-day high: US$1.10The company is up 39% from its price of US$0.79 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 4.0% over the same period.
Valuation Update With 7 Day Price Move • Oct 22Market bids up stock over the past weekAfter last week's 33% share price gain to US$1.16, the stock is trading at a trailing P/E ratio of 9.5x, up from the previous P/E ratio of 7.1x. This compares to an average P/E of 26x in the Food industry in the US. Total return to shareholders over the past year is a loss of 74%.
Is New 90 Day High Low • Sep 19New 90-day low: US$0.73The company is down 57% from its price of US$1.70 on 19 June 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 3.0% over the same period.