New Risk • Jul 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$1.8m 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 Negative equity (-US$1.8m). Earnings have declined by 24% 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$2.00m market cap). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Jul 02
Bit Origin Ltd (NasdaqCM:BTOG) completed the acquisition of 16 NVIDIA Blackwell B300 AI servers from PT MITRA MANUNGGAL SANGKARA for $11 million. Bit Origin Ltd (NasdaqCM:BTOG) entered into an Asset Purchase Agreement to acquire 16 NVIDIA Blackwell B300 AI servers from PT MITRA MANUNGGAL SANGKARA for $11 million on June 28, 2026. As consideration for the Purchased Assets, at the closing of the Transaction (the “Closing”), the Company will pay to the Seller (i) $1,000,000 in cash, and (ii) will issue to the Seller a pre-funded warrant (the “Pre-Funded Warrant”) to purchase 6,457,863 Class A ordinary shares, par value $0.00006 per share, of the Company (the “Ordinary Shares”) with an aggregate value of $10,000,000.
Bit Origin Ltd (NasdaqCM:BTOG) completed the acquisition of 16 NVIDIA Blackwell B300 AI servers from PT MITRA MANUNGGAL SANGKARA on July 1, 2026. Live News • Jun 30
Bit Origin Orders $11 Million NVIDIA AI Servers With Malaysia Data Center Deployment Planned Bit Origin agreed to acquire about US$11 million of NVIDIA Blackwell B300 AI infrastructure, including sixteen AI servers expected for delivery in Q3 2026, to be deployed in a Malaysian data center under existing hosting and customer deployment agreements.
The company expects these Malaysian deployments to generate around US$360,000 in recurring monthly revenue before operating expenses. This reflects a shift in focus toward AI computing infrastructure and data center services alongside its existing activities.
Bit Origin’s share price is at $1.23, with the stock down 88.9% year to date, highlighting that this AI infrastructure expansion comes against a backdrop of heavy recent share price pressure.
This move gives Bit Origin contracted revenue tied to specific AI hardware and a defined deployment plan. It also adds execution risk around installation, operating costs, and customer longevity once the servers arrive in 2026. 
