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(BETSF)
Follow
1.7000
-1.0800
(-38.85%)
As of 2:30 PM EST. Market Open.
Thank you so much, my friend!
New filing:
https://www.otcmarkets.com/filing/html?id=17349358&guid=ftd-ke5LYXDWJth
When squeeze??? LMFAO
It depends on the platform you use to trade.
Not all of them operate in the OTC market, but they generally allow you to sell.
Reply: "Why I can't play this stock today?" Your Broker likely has not received the new ticker and OTC designation from the Transfer Agent. Phone your Broker to ask when they anticipate receiving the new ticker and OTC designation.
Why I can't play this stock today?
Definitely very rich!
For shares, contact Wu, you are truly friends!
Only this can allow you to be bold!
Waiting doesn't cost me anything!
At these values ??it is better to lose everything!
If I want to earn more than 100% I have to be ready to lose as much, I've learned this!
The shorts are always smarter than the longs in this type of stock transaction!
I'm sorry for those who have had it for a while!
I certainly don't sell!
Fuck all the shorts!
Now that BETSF is on the stinky pinkies, folks get this clarity from OTC markets:
01/10/2024 Reverse 1:1000 — —
12/15/2022 Reverse 1:15 — —
08/27/2020 Reverse 1:10
Place your "bets" on when the next reverse split will happen. Cashless warrants still diluting and nobody knows the true share count until the next offering or annual report. Social media (mis)information (cough, cough $80m in cash on hand cough, cough) will be disgusting on this company for awhile. Be careful!
In OTC, suspended on Nasdaq
https://www.otcmarkets.com/stock/BETSF/security
Market Cap 584,856 03/06/2024
Price:2,78
Outstanding Shares 210,380
Let's hope WU hates shorts
Hold
What's happening here? Is this stock delisted?
$BETSF OTC yep where it belongs typical Chinese scam.
Big Brothel in Chinatown
Curious to understand what will happen!
I certainly can't sell and don't want to for now!
Could WU be selling shares under the table now?
However, BETS capital would grow.
Seeing what WU has done my fear is the possibility of dilution!
Ouch! returned to the list
Suspended not Delisted… at the moment
strange coincidence, immediately after the joke!
IMO for this price it is also good OTC
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
EXACTLY how many honest folks here explained. Delisted and soon to shine like the bright star of dilution and r/s shenanigans BETS has proved to be. Should be on every trader's list for swing trading glory on the OTC.
IMO they had to lower the price to reassure the chickens and bring in more!
an excuse like many
Difficult to cover if no one is selling!
The bulls they hold are great!
they are nervous... they have collected little
Very good! These actions to gather some shares says it all!
No more in this list
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
Clown chart videos, you need a new hobbie!
BETS changed to BETSF. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
back to the OTC
:/
$BETS SCAM officially DELISTED at midnight back to subpenny!
https://otce.finra.org/otce/dailyList?viewType=Additions
LOL
On January 30, 2024, the Company received a notice of compliance with the Bid Price Rules.
Can Bets announce cashless redemption of public warrants?
https://ir.aersale.com/news-events/press-releases/detail/56/aersale-announces-cashless-redemption-of-public-warrants
https://ir.aersale.com/news-events/press-releases/detail/58/aersale-reminds-investors-of-cashless-redemption-of-public
https://www.prnewswire.com/news-releases/lucid-announces-cashless-redemption-of-public-warrants-301371016.html
https://assets.ctfassets.net/cghen8gr8e1n/3PmImx7akdfkEbRL2HQ1J2/88ea5ad69d4be112c70d1c37767f317a/3.19.21.pdf
https://www.sec.gov/Archives/edgar/data/1809104/000119312521341759/d386930dex991.htm
https://markets.ft.com/data/announce/detail?dockey=1330-8886036en-4AS3G2JCS6UVC7LAH8V81R5UP0
https://www.stocktitan.net/news/NRGVWS/energy-vault-reminds-investors-of-redemption-of-public-lrdxxw0y5j7l.html.com/news-releases/news-release-details/willscot-announces-redemption-certain-warrants
https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Announces-Redemption-of-Public-Warrants/default.aspx
https://clarivate.com/news/clarivate-analytics-plc-announces-redemption-of-public-warrants/
Havent you been calling for the moon since $8 and even before that before the reverse split? if people would have bought those alerts they would be down a minimum of 75% LMAO!!! Nice returns I am loading up!!!
Lol so they finally stopped REMOVING bitcoin from the wallet? Amazing they have a sliver of integrity left while sipping fine wine on their yachts at the expense of retail
Ouch, welcome new bagholders to the china dilution scheme, matter of time before these con artists dilute again to flush retails portfolio
Check it on the list!
https://listingcenter.nasdaq.com/noncompliantcompanylist.aspx
#BETS 🔥 break 4 and fly! $bets
this moment, thinking that there are only 726K (IMO) and they can't dilute, is exciting!
let's hope a scapegoat is somehow expendable
I think that if it takes two/three months, for all’ the proces, the interests will start to weigh in!
the longer the shares are held, the more the interest rises
If a hard core holds here we see some beautiful things!
I like it!
https://www.bitbrother.com/SEC
the site is back active but is not completely updated... So from that date the discouragement began
Positive! 👍️
I'll point this out in case some shorts only see the dilutive offer:
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317998112&type=PDF&symbol=BETS&cdn=966ce3acbc7ff69ada505941c062ad8d&companyName=Bit+Brother+Limited&formType=RW&formDescription=Registration+Withdrawal+Request&dateFiled=2024-01-22
👉️ Link to BETS Bitcoin Wallet...
https://www.blockchain.com/de/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
This "wallet asset" is GROWING nicely! 157.73 Bitcoins x BTCUSD ($67.5k)
Only allowed one post to this board per day. Why I don't subscribe to this ihub site. Also don't subscribe to BETS as a long term play. Maybe long with a very small core...strictly a day-trade-stock...doesn't have any shareholders, never did, look at a chart...where are the lawsuits...? In and out, dance like a butterfly, sting like a......you know the thing, lol...sting thing... 😺
$BETS
#BETS 🔥 flying monday! 160% short interest! #btc flying $bets
Now I understand.
You are correct, if they had done something irredeemable they would have been booted already. The panel can take from 2-4 weeks for a final decision and even then, it can be appealed:
"The Panel Decision will provide notice that the Company may appeal the Panel Decision to the Listing Council within 15 calendar days of the date of the Decision and that the Decision may be called for review by the Listing Council within 45 calendar days from the date of the Decision."
My gut tells me the company is working with NASDAQ to resolve the issues but we will noy know anything until the company issue a Press Release or NASDAQ issues a determination.
You may want to read more about it here: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/Nasdaq%205800%20Series
Hope that helps answer your question.
GLTY
Why is the Panel still open? (what the shorts ask themselves)
I mean that if the Panel has not yet been closed it means that there are reasons to keep it open and BETS is doing something to try to remain on the NASDAQ.
if it was something irremediable then they could have closed the Panel already on the 27th especially if BETS is thinking about OTC (website and SEC filing update)
The notice has no immediate impact on the Company’s listing and trading, as Nasdaq has granted the Company a hearing before the Nasdaq Hearings Panel (the “Panel”) scheduled to be held on February 27, 2024 (the “Hearing”). Nasdaq will continue to stay any suspension or delisting action pending the completion of the hearing process. There can be no assurance that the Panel will grant the Company’s request to demonstrate compliance of continued listing requirement or that the Company will be able meet the continued listing requirement during any compliance period or in the future.
Not sure I understand the question. What do you mean "Why didn't everything close on the 27th?"
The only oddity is, why didn't everything close on the 27th?
BETS is trying to stay listed on Nasdaq, otherwise what to wait?
So both the downing of the website and the failure to update the sec filings are a brilliant ploy to give to shorts a cucumber! hard but possible!
The commission is the commission, I don't think it goes beyond what BETS can/wants to do!
All’ IMO
The final electrical is completed. Once inspected and approved by the City of Abilene, the site can be energized and commence mining operations.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and
correct.
By:S.H.N. Financial Investments Ltd.
December 15, 2023 By:/s/ Nir Shamir
Nir Shamir, Chief Executive Officer
61,538,461 = 9.87%
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317929856&type=PDF&symbol=BETS&cdn=9e7a71196ef61912418050fcd1a61a72&companyName=Bit+Brother+Limited&formType=SC+13G&formDescription=Statement+of+acquisition+of+beneficial+ownership+by+individuals&dateFiled=2023-12-15
For my bank MC says about 726K!
Do they used 100K warrants? Pre R/S 100M
There are legal requirements if I exceed 5%!
So what does your bank/broker say?
There are public interests at stake, someone could very well have counted on this! Why was the website taken down? Maybe WU wants just that!
I have no experience with this. SEC would protect investors if they took the toy away from those who behave like this... never gonna happen, shareholders are not important or to be protected! common shares are for common people and are damn risky.
It seems obvious that the activity will continue in the OTC market too!
So I think that if the shorts are so safe, the move to OTC should be considered.
So the question is, how much is it worth if we go OTC?
How many shares will be immediately diluted?
This is the real risk!
If it's as valid as the NASDAQ website says, it means that there are many more shares around than what my bank says.
At least 7 times more!
Whoever is here before the R/S will get something if WU is an honest person and will do the right things to get back into compliance!
This could push the value beyond reasonable!
Otherwise OTC and it will be better to get out at the first opportunity...
https://www.nasdaq.com/press-release/bit-brother-limited-receives-notice-of-delisting-from-nasdaq-2024-02-02
Why are the SEC filings no longer updated since 01/31?
https://www.nasdaq.com/market-activity/stocks/bets/sec-filings
I don't think it's mandated by NASDAQ. This makes me think that WU is not interested in being in the NASDAQ.
I hope I'm wrong and you fuel this hope, you sound confident about WU!
Do you think they've done well so far? Did they really suffer from the market and was their stock unreasonably crushed by the shorts?
Are they victims or executioners?
I'll see at least $100 if it stays on the NASDAQ, in that case I won't settle for less!
When reviewing transactions that include these types of securities for compliance with the Listing Rules, including whether they raise
public interest concerns, Nasdaq generally assumes that conversion of the warrants will result in the maximum possible dilution over the
shortest period of time. In addition, in determining whether the issuance of a warrant that is a Future Priced Security raises public
interest concerns, Nasdaq staff will consider among other things: (1) the business purpose of the transaction; (2) the amount to be raised
in the transaction relative to the Company's existing capital structure; (3) the dilutive effect of the transaction on the existing
shareholders; (4) the risk undertaken by the Future Priced Security investor(s); (5) the relationship between the investor(s) and the
Company; (6) whether the transaction was preceded by other similar transactions; (7) whether the transaction is consistent with the just
and equitable principles of trade; and (8) whether the warrant includes features to limit the potential dilutive effect of its conversion or
exercise, including floors on the conversion or exercise price. In order to properly reflect the potential dilutive effect, such floors must be
subject to adjustment for reverse stock splits and other changes to the company's capital structure. Nasdaq encourages any company
considering issuing a warrant that provides for cashless exercise and/or exchanges of the warrant for stock to review IM-5635-4 and to
consult with the Listing Qualifications Department at (301) 978-8008.
https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5100-series
Nasdaq may use its authority under Rule 5101 to deny initial or continued listing to a Company when an individual with a history of regulatory misconduct is associated with the Company. Such individuals are typically an officer, director, Substantial Shareholder (as defined in Rule 5635(e)(3)), or consultant to the Company. In making this determination, Nasdaq will consider a variety of factors, including:
• the nature and severity of the conduct, taken in conjunction with the length of time since the conduct occurred;
• whether the conduct involved fraud or dishonesty;
• whether the conduct was securities-related;
• whether the investing public was involved;
• how the individual has been employed since the violative conduct;
• whether there are continuing sanctions (either criminal or civil) against the individual;
• whether the individual made restitution;
• whether the Company has taken effective remedial action; and
• the totality of the individual's relationship to the Company, giving consideration to:
° the individual's current or proposed position;
° the individual's current or proposed scope of authority;
° the extent to which the individual has responsibility for financial accounting or reporting; and
° the individual's equity interest.
Based on this review, Nasdaq may determine that the regulatory history rises to the level of a public interest concern, but may also consider whether remedial measures proposed by the Company, if taken, would allay that concern. Examples of such remedial measures could include any or all of the following, as appropriate:
• the individual's resignation from officer and director positions, and/or other employment with the Company;
• divestiture of stock holdings;
• terminations of contractual arrangements between the Company and the individual; or
• the establishment of a voting trust surrounding the individual's shares.
Nasdaq staff is willing to discuss with Companies, on a case-by-case basis, what remedial measures may be appropriate to address public interest concerns, and for how long such remedial measures would be required. Alternatively, Nasdaq may conclude that a public interest concern is so serious that no remedial measure would be sufficient to alleviate it. In the event that Nasdaq staff denies initial or continued listing based on such public interest considerations, the Company may seek review of that determination through the procedures set forth in the Rule 5800 Series. On consideration of such appeal, a listing qualifications panel comprised of persons independent of Nasdaq may accept, reject or modify the staff's recommendations by imposing conditions.
Nasdaq may also use its discretionary authority, for example, when a Company files for protection under any provision of the federal bankruptcy laws or comparable foreign laws, when a Company's independent accountants issue a disclaimer opinion on financial statements required to be audited, or when financial statements do not contain a required certification.
I am just off the phone with one of the electrical contractors and everything on site is ready to energize.
I will be holding until the halving at minimum. If it is shorted as much as I think it is, this could go parabolic before settling back down to a fair market value.
GLTY and have a great weekend.
have a peaceful weekend!
It's worth covering up, it's worth too little!
the warrants were also cut by 1000, or not?
Nice post LJ-Bodhi.
In addition to what you posted, keep in mind that there is a convertible floor of $1.50 on the existing warrants and therefore, the warrant holders have a very easy arbitrage gain to short this from what-ever price it is above $1.50, down to $1.50 and then exercise to cover the short..... This stock will, AT A MAXIMUM, at least be driven down to $1.50 by the large quantity of shares held by warrant holders.
Bag holders beware of the facts.
Good luck
don't be a short!
they are looking for you!
and maybe they have already found you!
BETS won't fail, in the worst case scenario it's OTC but the price is already super-compressed!
they're looking for shorts to pay the bill!
this too is possible
nervousness plays nasty tricks!
There are many of us and it is difficult for everyone to make the same decision! This is also why the shorts win!
Obviously Wu is in cahoots with whoever has financed him so far!
The shareholder is the one who always took it in that place here!
Those who have been here since before January must be avenged!
Wu should pay too, but personally!
Wu unfortunately was the biggest enemy of the shareholders!
But he could redeem himself if he accepts dilutions at the right value!
they had Wu's balls in their hands
If none of us sell then Wu will have everyone by the balls!
BETS could benefit a lot and so could our share price!
Buy & Hold
If no one sells a single share, the shorts are screwed!
Below $20 nothing is acceptable.
We are not bankrupt!
Bees from all over the world join us. without exaggerating, what you can lose! Let's make them feel a little scared!
Is it possible that they will always have to win?
The market should bring together those who have access to money with those who have ideas to finance.
Giving the possibility to bet on failure without limits in a "finite" world is extremely incorrect!
I'm not scared of going OTC, the value is so crushed that it can't go down and even if it does it will have to go back up at least until they dilute it. When they can dilute, Wu will certainly take advantage.
Why weren't they stopped before R/S?
How complicit is the lack of control?
at the third issue they woke up!
They made a mistake!
But if they blocked them at the first issue perhaps they could have done something to avoid damage...
Now I don't know if they can do something to get things in order, of course someone is betting big on no!
But the value is too low!
620K shares are
if the financial statements are not false...
so in your opinion, is it worth it even if it goes OTC?
Is prison or just delisting expected for violations of this type?
It would be a great motivation to put everything in order if it's possible!
I will wait for the verdict I can bear the loss.
I see ridiculous capitalization.
Hold
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$BETS' 180 Day Chart (w./Acc.-Dist.-Ind. below)
BREAKING NEWS!!!
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$BETS ~ Bit Brother Ltd.
$$$$$$$$
4.29m O/S only as of 16th Jan 2024 filing & big short positions. On Reg-Sho list for several weeks now. Sooo many FTDs! Next MOASS incoming here!?
Is Bit Brother Ltd. going to pull off the next GME/TOP/HKD-style squeeze!?
$$$$$$$$ SSS exploded to 99.12/100! $$$$$$$$
------------------------------------------------
$$$$$$$$
Website: https://www.bitbrother.com
$$$$$$$$
------------------------------------------------
Link to Bit Brother's Live Bitcoin Wallet:
https://www.blockchain.com/de/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
CHANGSHA, China, Jan. 25, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) is pleased to announce that all equipment for the operation of our second cryptocurrency mining farm have been delivered. Due to the extremely cold weather in mid-January in Texas some of the equipment delivery which were expected to be delivered before January 10, 2024 were not delivered until January 19, 2024. As of now, the Company has received an initial batch of approximately 1,400 miners, mining containers, transformers, sound barriers and other equipment required for the operation.
The 1400 miners have been installed and tested. Majority of the assembly and testing of the other equipment has been completed.
We are preparing for the inspection by the Abilene City and issuance of Certificate of Occupancy.
Bit Brother expects to receive the Certificate of Occupancy and commencement of Site 2 in early February 2024.
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company is currently operating two mining farms in the U.S. and is committed to further growth of its blockchain and cryptocurrency operations. For more information, please visit: www.bitbrother.com.
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The Company currently operates two mining farms in the U.S. Site 1 at Clyde Texas started operations on January 17, 2023 and reached full 6MW capacity in last May after installing 1.5 MW miner servers. Site 2 at Abilene, Texas is expected to commence operation in mid-January 2024.
Highlights in 2023
- As of December 31, 2023, Site 1 has mined approximately 136 bitcoins, generating approximately $6.2 million in revenue based on the bitcoin price of last December.
- As of December 31, 2023, Site 1 generated approximately $1 million in electricity savings and power management profits through "Hedged Electricity Price" power supply agreement with a retail electricity provider (REP) within the jurisdiction of the Electric Reliability Council of Texas (ERCOT).
Strategic Layout for 2024
- Site 2 is anticipated to commence operation in mid-January 2024, with an estimated monthly production of 12 BTC from the initial batch of 3,300 S19 miners. Thus, Site 1 and Site 2 are expected to achieve combined monthly production of 24 BTC assuming the miners function normally.
- Bit Brother has entered into a consulting agreement with Cruxforce, LLC, aiming to find a mining farm with a maximum power supply capacity of 40MW for site 3.
"In 2024, we will further expand the scale of our mining operations and improve operating capacity and productions." CEO Jack Wu commented. "Assuming the current bitcoin price trend continues, we believe that we will attain even greater achievement in the realm of cryptocurrency through persistent innovation and strategic investments."
The Company seeks to provide as much transparency about its bitcoin mining operation as possible. The link below reflects bitcoins we have mined in real-time:
https://www.blockchain.com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
These mining results do not include any financial results of the Company and do not address the Company's other, non-mining operations, such as the business management business. United States generally accepted accounting principles for cryptocurrency mining are complex, emerging and uncertain. Cryptocurrencies may not be recognized as cash or cash equivalents, and mining activities may not qualify for revenue recognition. Cryptocurrencies have no inherent value, are not legal tender recognized by any governmental entity, and might not be able to be converted into fiat currencies. Investors are advised not to place undue reliance on mining results alone, without considering other financial and non-financial metrics.
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company is currently operating two mining farms in the U.S. and is committed to further growth of its blockchain and cryptocurrency operations. . For more information, please visit: www.bitbrother.com.
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CHANGSHA, China, Jan. 2, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) announced the execution of a consulting agreement with Cruxforce, LLC, aiming to find a mining farm with sufficient power supply for the third site.
In December 2023, Bitcoin once again sparked a remarkable surge, surpassing $45,000 per coin. This news has undoubtedly shocked investors worldwide and triggered a fresh wave of investment enthusiasm. Seizing this chance to actively pursue investment expansion opportunities, Bit Brother has entered into a consulting agreement with Cruxforce, LLC, aiming to find a mining farm with ample power supply for site 3.
The selection of a mining farm plays a crucial role in cryptocurrency mining. A superior mining site should not only offer optimal heat dissipation conditions and comprehensive supporting facilities, the most important is that it also should ensure an adequate and stable power supply to guarantee the smooth operation of mining equipment. Management expect Cruxforce, LLC's expertise in power sourcing will greatly facilitate BETS' investment expansion plans. According to the agreement, Cruxforce will search for mining sites with a maximum power supply capacity of 40MW to meet Bit Brother's growing demands for mining operations.
Through the collaboration with Cruxforce, LLC, Bit Brother is expected to further enhance its performance and expand market share within the cryptocurrency industry. If Bit Brothers is able to find a satisfactory third site and successfully launch it, it will undoubtedly represent a significant strategic move for BETS and is expected to generate more returns for all investors.
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company has successfully expanded two mining ventures and is committed to further growth. For more information, please visit: www.bitbrother.com.
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BETS Abilene TX Mining Farm Received a Certificate of Occupancy and is Scheduled to Commence Operations in Early 2024
CHANGSHA, China, Dec. 6, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) is pleased to announce 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 US$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.
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CHANGSHA, China, Dec. 1, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) is pleased to announce it purchased 3300 units of Antminer S19 miners, injecting powerful momentum into its Bitcoin mining operations.
This substantial investment is expected to propelled Bit Brother's total hash rate to 400,000 TH/s assuming the 3300 units are fully functioning, further solidifying its emerging position in the cryptocurrency mining arena. The Company's technical team, through relentless efforts, optimized the performance of the mining machines, enhancing mining efficiency to generate more substantial returns for investors.
Mr. Jack Wu, CEO of Bit Brother stated, "We are incredibly proud of the achievement we have made. This marks a significant success in our strategic expansion in the Bitcoin mining sector. The acquisition of Antminer S19 miners is part of our ongoing efforts to ensure our mining operations remain highly competitive."
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CHANGSHA, China, Nov. 29, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) is pleased to announce 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, thanks 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 1500 mining servers, with an estimated daily production of 0.4 BTC, assuming optimal functionality of all machines.
The Company seeks to provide as much transparency about its bitcoin mining operation as possible. The link below reflects Bitcoins we have mined in real-time:
https://www.blockchain.com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company has successfully expanded two mining ventures and is committed to further growth. For more information, please visit: www.bitbrother.com.
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CHANGSHA, China, Sept. 12, 2023 /PRNewswire/ -- In December 2022, Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BTB), through its subsidiary in New York, Bit Brother New York Inc. ("BTB NY"), entered into a "Hedged Electricity Price" power supply agreement with a retail electricity provider (REP) within the jurisdiction of the Electric Reliability Council of Texas (ERCOT) for a term of 5 years. BTB NY's current 6 MW mine's operating power costs, which accounts for 90% of its total operating costs, will not be affected by any extreme weather conditions and/or lack of energy supply during the five-year term through the hedged electricity price power supply agreement. Meanwhile, with the Company's dedicated operation team complemented by AI technology utilizing various formulas to mitigate operational risks, it is expected that we will be able to consistently maintain a low average electricity price of approximately 5.25 cents/KWH until December 2027.
Since June 2023, the electricity price began fluctuating as usual in Texas, and BTB NY saved an aggregate of approximately $200,000 in electricity costs through the "electricity price peak adjustment" mechanism in the power supply agreement.
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CHANGSHA, China, May 12, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ: BTB) is pleased to announce that the newly purchased 1.5MW mining servers installed in its first Texas mining farm are in full operation and are located at 1968 N Access Rd, Clyde, TX 79510. The total number of installed servers in the first mining farm has reached 1,750 with aggregated computing power of 175,000TH/S, thus reaching its fully loaded capacity of 6MW. We estimate that our servers can generate a total value of 0.5 BTC per day, and 15 BTC per month, assuming that all the machines are functioning as expected.
On March 24, 2023, Bit Brother New York Inc., the subsidiary of BTB, entered into an agreement to purchase land in Texas with an area of 2 acres and a capacity of 5MW located at 5418 Lockheed Way, Abilene, TX 79603. The land purchase closed on April 17, 2023, and BTB marked this land as its second Texas mining farm. An aggregate of 509 newly purchased S19J Pro+ mining servershave been delivered to the second mining farm on April 23, 2023. The 509 servers are expected to be ready for operation by October 2023.
The Company seeks to provide as much transparency about its bitcoin mining operation as possible. The link below reflects Bitcoins we have mined in real-time:
Click here to see Bit Brother's Bitcoin Live Wallet
>>> https://www.blockchain.com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR <<<
News-Link: https://www.prnewswire.com/news-releases/bit-brother-announces-first-fully-loaded-texas-mining-farm-and-development-of-second-mining-farm-301823269.html
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NEW 2 ACRE MINING FARM IN THE WORKS!
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SC_13G FILING OUT ~ Investor M. Ruck bought 15,730,996 $BETS shares!
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