View Past PerformanceBit Origin 대차대조표 건전성재무 건전성 기준 점검 4/6Bit Origin 의 총 주주 지분은 $3.2M 이고 총 부채는 $0.0, 이는 부채 대 자기자본 비율을 0% 로 가져옵니다. 총자산과 총부채는 각각 $3.5M 및 $372.1K 입니다.핵심 정보0%부채/자본 비율US$0부채이자보상배율n/a현금US$55.64k자본US$3.16m총부채US$372.08k총자산US$3.54m최근 재무 건전성 업데이트공지 • 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.공지 • 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.공지 • 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.분석 기사 • 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...공지 • 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.모든 업데이트 보기Recent updates공지 • 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).공지 • 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., Singapore공지 • 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.공지 • 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.공지 • 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).분석 기사 • 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).공지 • 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.공지 • 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).공지 • 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.공지 • 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.재무 상태 분석단기부채: BTOG 의 단기 자산 ( $3.5M )이 단기 부채( $372.1K ).장기 부채: BTOG에는 장기 부채가 없습니다.부채/자본 비율 추이 및 분석부채 수준: BTOG 부채가 없습니다.부채 감소: BTOG는 5년 전 부채 대비 자본 비율이 24.3%였으나 현재 부채가 없습니다.대차대조표현금 보유 기간 분석과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.안정적인 현금 활주로: BTOG 의 현재 여유 현금 흐름을 기준으로 충분한 현금 활주로가 있는지 판단하기에는 데이터가 부족합니다.예측 현금 활주로: BTOG 의 여유 현금 흐름이 역사적 비율에 따라 계속 증가하거나 감소하는 경우 충분한 현금 활주로가 있는지 판단하기에는 데이터가 부족합니다.건전한 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/06 18:33종가2026/05/06 00:00수익2025/06/30연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bit Origin Ltd는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공지 • 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.
공지 • 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.
공지 • 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.
분석 기사 • 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...
공지 • 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.
공지 • 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).
공지 • 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
공지 • 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.
공지 • 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.
공지 • 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).
분석 기사 • 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).
공지 • 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.
공지 • 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).
공지 • 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.
공지 • 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.