공시 • Mar 13
Bit Brother Plans to Appeal Delisting Determination by Nasdaq Hearing Panel Bit Brother Limited (‘Bit Brother’ or the ‘Company’) announced its intention to appeal the recent delisting decision issued by the Hearing Panel of Nasdaq Stock Market (‘Nasdaq’). The company has recently received correspondence from shareholders across the globe who indicted that they believe the company’s recent financing activities have not harmed their interests. And it is with their support that the company will be submitting its appeal. As the cryptocurrency market experiences a bullish trend, the company remains focused on its digital currency operations, and shareholders are eagerly anticipating the company’s growth in this thriving market. It is precisely during this opportune moment in the cryptocurrency market that Nasdaq’s decision to delist the company should be considered as detrimental to shareholder interests. The timing of this Panel’s decision is particularly unfortunate as shareholders expect significant returns from the company’s operations in the cryptocurrency sector. The company was told on the social media platform that since the trading of the company’s Class A ordinary shares was suspended on Nasdaq since March 7 many of the company’s shareholders were unable to trade on OTC. They told the company they could only sell shares and suffered a huge loss when the stock price fell sharply. The company intend to submit its appeal to Nasdaq no later than March 20, 2024. 공시 • Mar 07
Bit Brother Limited(OTCPK:BETS) dropped from NASDAQ Composite Index Urban Tea Inc has been removed from NASDAQ Composite Index . 공시 • Dec 07
Bit Brother Limited has filed a Follow-on Equity Offering in the amount of $12 million. Bit Brother Limited has filed a Follow-on Equity Offering in the amount of $12 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 184,615,385
Price\Range: $0.065
Discount Per Security: $0.00455
Security Name: Class D Warrants
Security Type: Equity Warrant
Securities Offered: 184,615,385
Security Name: Class E Warrants
Security Type: Equity Warrant
Securities Offered: 184,615,385
Transaction Features: Registered Direct Offering 공시 • Dec 06
Bit Brother Limited Receives a Certificate of Occupancy and is Scheduled to Commence Operations in Early 2024 Bit Brother Limited announced that its 2-acre cryptocurrency mining farm site located in Abilene, Texas received a Certificate of Occupancy and is scheduled to commence operations by early 2024. In the application and preparation process, the Company's operation team has adjusted a clear distinction between the industrial operations and the residential area in its mining farm in Abilene, Texas in accordance with the Abilene City code. At present, the Company has met all of the requirements and has received a Certificate of Occupancy from the city of Abilene. The Company has purchased an initial batch of approximately USD 5 million of cryptocurrency mining servers, and the entire set of equipment is scheduled to be shipped to the site before the end of December 2023, while operations are expected to in early 2024, assuming that the equipment will be fully delivered and passes inspection benchmarks. The monthly production is estimated to be 12 BTC, assuming that all the machines are functioning as expected. 공시 • Nov 30
Bit Brother Limited Announces Significant achievements Regarding its 6MW Mining Farm At 1968 N Access Rd, Clyde, TX 79510 Bit Brother Limited announced significant achievements regarding its 6MW mining farm at 1968 N Access Rd, Clyde, TX 79510. Over the past 11 months, the facility has generated a total value exceeding 120 BTC. Starting operations on January 17, 2023, the mining farm reached full 6MW capacity after installing 1.5 MW miner servers in May. Despite challenges from the Texas summer heat, outcomes met expectations, due to the mining operation team's professionalism in addressing issues, managing server operations, handling power curtailments, and overseeing overall operations. The Company's second 2-acre mining farm at 5418 Lockheed Way, Abilene, TX 79603, is in the final stages of infrastructure development. This includes completing construction and setting up of the warehouse, mining containers and associated infrastructure. Anticipated in December, customized power transformers and sound insulation walls are expected to be delivered and installed in December. Operations are expected to start in January, assuming the equipment are inspected and accepted, and preparatory tasks are completed by then. The initial batch involved purchasing about 1,500 mining servers, with an estimated daily production of 0.4 BTC, assuming optimal functionality of all machines. New Risk • Oct 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$97.3m This is considered a minor 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$27m free cash flow). Earnings have declined by 90% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 27x increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$2.9m revenue). Market cap is less than US$100m (US$97.3m market cap). 