Bit Origin Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Lucas Wang

Chief executive officer

US$307.8k

Total compensation

CEO salary percentage	91.3%
CEO tenure	2yrs
CEO ownership	0.4%
Management average tenure	2.3yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

Bit Origin to add additional 700 mining spots increasing mining power of 64 PH/s

Jul 11

China Xiangtai Food reports FY results

Dec 21

China Xiangtai Food inks $3.5M sales contract with Chongqing Yongyaoge Technology

Dec 17

CEO Compensation Analysis

How has Lucas Wang's remuneration changed compared to Bit Origin's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	US$308k	US$281k	-US$28m
Mar 31 2023	n/a	n/a	-US$18m
Dec 31 2022	n/a	n/a	-US$13m
Sep 30 2022	n/a	n/a	-US$9m
Jun 30 2022	US$2m	US$240k	US$62k

Compensation vs Market: Lucas's total compensation ($USD307.83K) is below average for companies of similar size in the US market ($USD668.06K).

Compensation vs Earnings: Lucas's compensation has been consistent with company performance over the past year.

CEO

Lucas Wang (39 yo)

2yrs

Tenure

US$307,829

Compensation

Mr. Lucas Wang is Chairman of the Board and Chief Executive Officer of Bit Origin Limited (Formerly Known as China Xiangtai Food Co., Ltd) from April 27, 2022. Mr. Wang is a pioneer in the field of Interne...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lucas Wang	Chairman & CEO	2yrs	US$307.83k	0.42% $ 81.1k
Xia Wang	Chief Financial Officer	6.3yrs	no data	no data
Jinghai Jiang	Chief Operating Officer	2.3yrs	no data	no data

2.3yrs

Average Tenure

39yo

Average Age

Experienced Management: BTOG's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lucas Wang	Chairman & CEO	2yrs	US$307.83k	0.42% $ 81.1k
Scott J. Silverman	Independent Director	3.7yrs	no data	no data
Kenrick Bryce Toussaint	Independent Director	3.7yrs	no data	no data
Xiaping Cao	Independent Director	2.1yrs	no data	no data

2.9yrs

Average Tenure

48.5yo

Average Age

Experienced Board: BTOG's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Bit Origin Management

Management criteria checks 3/4

Key information

Recent management updates

Bit Origin Ltd Announces Executive Resignations

Bit Origin Ltd Announces Resignation of Erick W Rengifo as Director and Chief Strategy Officer

High number of new and inexperienced directors

Bit Origin Ltd Appoints Lianfei Du as Executive Vice President

Bit Origin Limited, Annual General Meeting, Jun 23, 2022

High number of new and inexperienced directors

Recent updates

New minor risk - Shareholder dilution

Bit Origin Ltd announced that it expects to receive $24.74 million in funding from ATW Digital Asset Opportunities LLC

Bit Origin Ltd Announces Executive Resignations

New major risk - Share price stability

New minor risk - Financial data availability

Bit Origin Ltd Regains Compliance with Nasdaq Minimum Bid Price Requirement

Bit Origin Ltd Announces Resignation of Erick W Rengifo as Director and Chief Strategy Officer

High number of new and inexperienced directors

Bit Origin's shares jump as mining surges 165% M/M in August

Bit Origin Ltd Appoints Lianfei Du as Executive Vice President

Bit Origin provides bitcoin mining update for July

Bit Origin provides operation updates, future miner deployment schedule

Bit Origin to add additional 700 mining spots increasing mining power of 64 PH/s

Bit Origin Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Bit Origin Limited, Annual General Meeting, Jun 23, 2022

High number of new and inexperienced directors

Bit Origin Limited (NasdaqCM:BTOG) has entered into a Letter of Intent to acquire a 30.62% stake in Horizon Mining Ltd for $4.3 million.

First half 2022 earnings released

China Xiangtai Food Co., Ltd. Announces Management Changes

High number of new and inexperienced directors

High number of new and inexperienced directors

China Xiangtai Food Co., Ltd. has completed a Follow-on Equity Offering in the amount of $16.130716 million.

China Xiangtai Food Co., Ltd. has completed a Follow-on Equity Offering in the amount of $16.130716 million.

Chief Financial Officer notifies of intention to sell stock

China Xiangtai Food Co., Ltd. has completed a Follow-on Equity Offering in the amount of $16.488396 million.

Full year 2021 earnings released: US$0.27 loss per share (vs US$0.14 loss in FY 2020)

Chairwoman & CEO notifies of intention to sell stock

First half 2021 earnings released: US$0.33 loss per share (vs US$0.004 loss in 1H 2020)

Independent Director Bangquan Ou has left the company

Director Penglin Wang has left the company

First half 2021 earnings released: US$0.33 loss per share (vs US$0.028 loss in 1H 2020)

New 90-day high: US$1.10

China Xiangtai Food reports FY results

China Xiangtai Food Co., Ltd. Signs $3.5 Million Sales Contract with Chongqing Yongyaoge Technology Co., Ltd

China Xiangtai Food inks $3.5M sales contract with Chongqing Yongyaoge Technology

China Xiangtai Food Co., Ltd. announced delayed 20-F filing

Market bids up stock over the past week

New 90-day low: US$0.73

New 90-day low - US$1.04

New 90-day low - US$1.26

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age