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lol ......bets is shi_ bets is --------lol
Well, if he’s correct then the math would be simple… 1,200:1, give or
Take, ya?
What was the RS ratio on this
Based upon the reverse split(s) this is down from $600 to this range...
Make note of that....
They are greedy!
Sun it depends on you, have the shorts been in charge here for too long or not?
WOW, who is so powerful that can sell in OTC during pre market?
rude dude
The 2021 F-3 expires on June 8, 2024 and therefore, we are filing this registration statement as a new shelf registration statement, with unsold securities and fees paid under the “expiring” registration statement rolled over herein.
Outstanding Warrants
As of the date of this prospectus, January 16, 2024, there were 213,364 outstanding warrants to purchase Class A ordinary shares.
Come on, have a little mercy!
The bulls are pretty pissed off here!
Borrow Interest is high!
Now it is difficult to go short the value is very compressed!
Sun seems to be on the side of shareholders! If She decides to liquidate the business or do a merge, the value will emerge.
They may have made happy purchases but there is no doubt that there is something and no bull will sell, now others can join!
So is it better to cover now or later? in my opinion now!
everyone reports the news, hopefully soon the site will also report the news
another small step
https://www.prnewswire.com/news-releases/betsf-announces-commencement-of-operations-of-the-second-mining-farm-302176932.html
https://www.adnkronos.com/immediapress/eng/betsf-announces-commencement-of-operations-of-the-second-mining-farm_pULcvLTXzgMhJXvnjgfDL
maybe it won't be enough but this is a lot of stuff too, IMO!
https://www.sec.gov/Archives/edgar/data/1543268/000107997323001768/shnf_13g.htm
61,538,461 here say that's 9.87%! December 5th
Then, in a month, they print shares up to 3,8 bil, January 8th.
https://www.msn.com/en-us/money/markets/whats-up-with-bit-brother-bets-stock/ar-AA1mPrep?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry= 1
I don't know where he found the data!
a few days later we are already at 4,285 bilion
https://www.sec.gov/Archives/edgar/data/1543268/000121390024003796/ea191610-f3_bitbrother.htm
We are authorized to issue an unlimited number of shares divided into the following classes of shares: (i) an unlimited number of Class A ordinary shares with no par value; (ii) 200,000,000 Class B ordinary shares with no par value; and (ii) 5,000,000 preferred shares, par value $0.0001 per share. As of January 16, 2024, 4,285,300 Class A ordinary shares and 881 Class B ordinary shares were outstanding. Each Class A ordinary share has the right to one vote at a meeting of shareholders or on any resolution of shareholders, the right to an equal share in any dividend paid by us, and the right to an equal share in the distribution of surplus assets. Each Class B ordinary share has the right to twenty votes at a meeting of shareholders or on any resolution of shareholders, the right to an equal share in any dividend paid by us, and the right to an equal share in the distribution of surplus assets. We may by a resolution of the Board of Directors redeem our shares for such consideration as the Board of Directors determines.
Then what happened?
ihub is the only serious one and does not indicate how much the MC is
Where do those who place an MC that does not exceed 400 thousand dollars to date get the data?
did they fix something?
Are there still assets that can be valued? What did they do with the money?
If it is a well-planned scam it must be led by someone who knows the market well and not the puppets we see
fine minds who like to spread shit?
Who knows, what game did Wu play? Hopefully Sun can help!
If they are going to go on the right path it will take time and I am in no hurry! hold on
The shorts can't cover, so they are paying interest, which was very high if I remember correctly! They have control over the price but do little with it. The shorts have 3 ways: to cover themselves directly from the company when the company needs it or to convince the bulls to sell or hope that find other shorts.
How will you cover your shares? Can news be given during the open market in the Pink market?
Oh, IF!
if we knew how many shares they printed... Hold on
IF
If you can keep your head when all about you Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you, But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:
If you can dream - and not make dreams your master; If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two imposters just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build ’em up with worn-out tools:
If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings And never breathe a word about your loss;
If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: “Hold on!”
If you can talk with crowds and keep your virtue, Or walk with Kings - nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
And - which is more - you’ll be a Man, my son!
Rudyard Kipling (1910)
now works!
Finally no sad faces
https://bitbrother.com/
https://bitbrother.com/news
An address has appeared, not yet active!
However... it's there
https://web.bitbrother.com/
Sparkling and amusing!
LOL… but It's not nice to mock others.
They certainly didn't lift a finger to appeal but evidently there was little for the appeal, better save!
I hope I'm wrong but it could be a long wait before we know anything, maybe October, November!
This is in the worst case scenario, IMO.
The interest borrowing rate is high to wait a long time.
It could also be that they really want to redeem themselves!
The Chinese people, with their millennia-old culture, represent one of the oldest and most continuous civilizations in the world. Rooted in a history that spans dynasties and eras, the Chinese have made significant contributions to the cultural and scientific heritage of humanity. They are known for their industriousness, a distinctive trait that reflects in their work ethic and determination in pursuing long-term goals.
China is the birthplace of countless inventions that have transformed history, such as paper, the compass, gunpowder, and currency, showcasing an ingenuity oriented towards progress and innovation. Although they have historically adopted strategies of imitation to bridge technological and industrial gaps, this approach has often served as a springboard for independent developments and innovations, demonstrating the country's enormous potential.
Humility is another valued quality in Chinese culture, a virtue that manifests in respect for others and a willingness to learn and continually improve. This combination of humility, industriousness, and a deep reverence for tradition, coupled with an unceasing drive for innovation, makes the Chinese people a prominent player on the global stage!
Sun illumine us!
This is how a phone call from the SEC to Bit Brothers would probably go:
SEC: I would like to talk to the current CEO, can you tell me that person's name?
BB: Hu
SEC: The name of your current CEO
BB: Hu
SEC: That's what I'm trying to figure out. Who is the CEO?
BB: Yes
SEC: Yes, who is the CEO?
BB: Yes, Hu
SEC: Do we have a bad connection? You keep repeating what I say. Let's try something different. Who are you?
BB: Yu
SEC: What? Yu are not me
BB: I know, I am Yu
SEC: This is getting frustrating. Maybe you can tell me who runs accounting?
BB: Mi
SEC: Now we are getting somewhere. How long have you been running accounting?
BB: No, I am Yu. Mi is in charge of accounting.
SEC: Why won't you answer my questions in a forthright manner. I am from the United States SEC and you must answer my questions. Do you understand me?
BB: Look, I understand you. I am Yu. I would have you talk to Mi, but Mi not here. Hu is out of the country.
SEC: I'm the one asking the questions here and I don't care who is out of the country. I'm talking to Yu.
BB: Right
Endless comedy with Bit Brothers that Abbott & Costello would be proud of.
I personally do not believe/trust anonymous "email responses" to investors on public message boards, especially when the last Twitter/X communication from the company referenced "shareholders like Erik Riddle, Ignacio, Joonho Choi and Moe." One has to determine whether that X post (which is still there by the way) was from a spoofed/hacked account because Bit Brothers Ltd has disappeared into the wind, or whether some company representative actually thought it was a good idea and persuasive to identify shareholders like Ignacio and Moe. I have my opinion and respect anyone else to have their own.
Based on the clear written rules of Nasdaq listing requirements, the company is not even close to meeting those requirements and their egregious actions with free shares resulted in the delisting they deserved. The company is not interested in complying with any rules related to public company reporting. There was a press release stating site 2 would open in January 2024. Material events that would affect the stock price and shareholder sentiment must be publicly disclosed in press releases and/or real SEC filings. The referenced "email" contains material facts about construction delays that must be disclosed to all shareholders, not just some random person.
The removal of the website should be alarming, since you know, public company and whatnot. The utter lack of public communication since delisting should be alarming. The downward spiral in daily output from mine 1 should be alarming, if that link to an unidentified Bitcoin wallet can actually be trusted to belong to the company Bit Brothers Ltd connected to the stock symbol BETSF.
According to the last public annual report, the company had around $2m in revenues with a huge $90+m loss. How this stock even trades at 80 cents is inconceivable based on fundamentals. The interest in this stock died and it is interesting how more "updates" come from anonymous public message boards than the company itself. Fraudulent is another word, but again everyone is entitled to an opinion. Hope no one got burned to badly on this stock scam.
https://www.otcmarkets.com/filing/html?id=17473470&guid=O0Q-kFgG6XoFJth
Here is a response to a shareholders questions, posted this morning on another board...
Dear investors, thank you for your attention and support to the company, and reply to the relevant questions as follows:
The shareholders' joint letter was not accepted by Nasdaq because the number of signatures was not enough and did not meet the requirements, but the company is still seeking all available plans and methods with the help of the listed company's advisory law firm to return to the Nasdaq Capital market as soon as possible.
The operation of the Site2 has been delayed due to uncontrollable factors such as weather and transportation accidents, but it is expected to be put into operation by the end of next week.
The deal for Site3 is still under negotiation.
Thank you for your interest in our company and your investment in our stock. We understand your expectations and concerns regarding share buy-back.
However, the decision to buy back shares involves a number of factors such as the company's financial health, operating strategy, and long-term growth. We need to fully consider these factors in order to make decisions that are in the best interest of the company and all shareholders.
At present, we are actively studying and evaluating various possible strategies, as well as various ways of working on capital. We firmly believe that only the long-term and stable development of the company can bring greater benefits to shareholders. We will continue our efforts to improve the company's performance and improve shareholder returns. We look forward to your understanding and support in this process.
We will seriously consider your suggestions, and if there is a share buy-back plan in the later stage, we will make relevant announcements in a timely manner as required.
The stock price in the secondary market is affected by multiple factors such as the macroeconomic environment, industry policy adjustment, capital flow stage, financial market situation and the company's own fundamentals.
At present, the company's production and operation conditions are good, and the Bitcoin market is showing an amazing and stable development trend.
In the future, the Company will continue to do a good job in operation and management, strive to improve profitability and achieve sustainable development, in order to promote the steady growth of the company's value. The specific information is subject to the company's subsequent disclosure announcement, the company will strictly abide by the rules and regulations of information disclosure, timely and accurately fulfill the disclosure obligations.
The Antminer S-19k Pro uses a new generation of ASIC chips with up to 120T of hash-rate, which can process a large amount of data in a short period of time and improve mining efficiency, it is one of the most powerful mining machines on the market today. At the same time, it has a power consumption ratio of 23J/T, which has high energy efficiency.
You seem like a nice dedicated earnest person. No disrespect intended. There are some harsh truths to consider. The company website no longer exists. Many, many old press releases have been scrubbed from the internet. This egregious lie was posted on X about challenging delisting:
To all dear shareholders:
— Bit Brother Limited (@BitBrotherLtd) March 13, 2024
Recently, we have received a lot of concerns and feedback about Nasdaq's delisting decision from shareholders like Erik Riddle, Ignacio, Joonho Choi and Moe, who have been closely following the company's progress and even provided many useful…
I'm surprised to see you over here. How did pct work out.
https://www.sec.gov/Archives/edgar/data/1543268/000135445724000300/xslF25X02/primary_doc.xml
ok no miracle! What will they do? Will they sell everything? After they raked in tens of millions of dollars, Sun it's time for tells us what's left
It's incredible that they don't say anything! irritating
the appeal must not have gone well! https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
We just have to wait to hear something!
Come on, SUN tell us something!
Am I wrong, or are there still SEC registration requirements for BETSF?
When a private company is required to register under Section 12(g)
https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide
Mmmm still here!
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
the website is down, will it be restored? if and how.... ahh to know it!
Told you pumpers this would happen
That alias has been pumping this thing since 99% ago. I told these bagholders (and managements paid pumper minions) this would be under $1 now here we are.
Only shorts will ever be green on this POS
what's your hurry?
It's long here, it will still take weeks if not months!
I know you have to keep lowering the share but the more days that pass, the more likely it will be that they are doing something to solve the problems with NASDAQ!
Let's hope that once those who have made the shorts rich have been thrown out there will be a bit of leniency towards those who put money but never have a say in the matter!
Who has the power to appoint the CEOs of these scams? in my opinion those who finance them!
https://www.nasdaq.com/press-release/bit-brother-limited-plans-to-appeal-delisting-determination-by-nasdaq-hearing-panel
started around 20 March
The train that derails? LMAO
strong emotions here!
I got a ticket for I don't know what, maybe an adventure, maybe a horror, maybe a comedy!
Grab some popcorn and get excited, feel alive, fear makes you stronger!
But if it's not all a scam, why appeal? maybe there is some glimmer of hope!
And if they work a miracle here... for now, lots of suspense!
One ticket is enough, I recommend... cheap!
And you will be able to say, I was there!
But who cares, dude
In 2018, Mark founded their own consulting company called Crux Cloud Consulting, where they worked as the Founder and Consultant.
Mark later joined Homeward in 2019 as a Product Manager and was later promoted to Senior Product Manager. In 2021, they co-founded Bolt Mining, where they served as the COO until the company was acquired by Bit Brother Ltd.
wait it costs and it will take some time here it seems!
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
perhaps it is better to find other shorts to cover a bit, the volumes languish
it almost seems like a redemption!
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
Matter of time!
The time required to address a toxic warrant situation can vary considerably depending on the specific circumstances, the complexity of the matter, and the actions taken by the company and interested parties. However, it is possible to provide a general overview of the stages involved and the typical timescales associated with each stage:
Initial assessment: The initial assessment of the situation, including analysis of the terms of the warrants and the potential impact on the company's financial condition, may take from several days to several weeks, depending on the complexity of the case and the availability of relevant information .
Communication with investors: Initial communication with investors and stakeholders to disclose the situation and planned actions can take place within a few weeks of identifying the problem.
Negotiating with Warrant Holders: The process of negotiating with warrant holders to attempt to reduce or eliminate the impact of toxic warrants may take several weeks or months, depending on the complexity of the negotiations and the availability of counterparties.
Examining Legal Options: If the option of pursuing legal action against the warrant holders or challenging the terms of the warrants is considered, the legal process may extend for several months or even longer, depending on the complexity of the case and the legal procedures involved.
Capital Restructuring: If you decide to proceed with a capital restructuring, such as issuing new shares or implementing a merger or acquisition, the process may take a few months to several months to complete, depending on the complexity of the operation and the necessary regulatory approvals.
Overall, the process of addressing a toxic warrant situation can therefore extend from several weeks to several months, if not longer, depending on the specific circumstances and actions taken by the company and stakeholders. It is important that the company acts promptly and proactively to address the issue and protect the interests of shareholders and stakeholders.
Great day to cover up a bit!
Wow so big volumes for shorts!
redemption
https://listingcenter.nasdaq.com/IssuersPendingSuspensionDelisting.aspx
SUN How long has the website not been updated? the news page is as old as July!
This is also proof of WU's intention!
Who else is responsible?
They must return all shares!
Thanks even if you just try
It would appear to me that that those holding short started losing control of it this afternoon. I see a single buy of 10,900 shares at 2:38 that kicked things off and may have spooked those holding short. Looks like a desperate effort to cover some there five minutes before the close making it spike to $1.30 then they quickly sold it back to $1.15 on only 600 shares because they just cleared out the ask and easily smacked it back down. This smack down could have potentially neutered the buying pressure but it bounced back.
We see this kind of activity with toxic conversions but in the opposite. With toxic note conversions they want the highest price so they dump into the bid clearing it out then quickly buy it back up only needing a few shares to the previous ask. This stock is heavily sold short and today it appears to me that they are feeling some pressure from the weight of it. My opinion based on conjecture for sure, but I like what I am seeing. Add in plan by new management for a shares buy back program at these prices and we could see those holding short lose their minds.
come on Sun breaks the ass for the shorts!
communicate how many shares are in circulation!
we need to see something for the shareholders! Below 20 equals zero!
Wu seems to have operated in a way that facilitates the shorts!
Only slaps to the shareholders!
Let's see if Nasdaq will help Wu's friends to finish the job!
the shorts have control but they pay a lot of interest to have this control.
I like this volume!
It should worry those who have a lot to cover!
How many shares are there in circulation? What has been done and what will be done for toxic warrants?
Mar 14 81,899 16,168 19.74%
some people sell low anyway!
Here those who go short can afford to sell packages of 2, 3, 4 or 5 shares!
The cost is probably negligible.
Plus they pay interest on what they issue!
Sun shines:
When Q10?
What's the plan?
https://stockcharts.com/h-sc/ui?s=betsf&p=D&yr=0&mn=46&dy=0&id=p38090673899
Nice chart if you had been short!
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$BETS' 180 Day Chart (w./Acc.-Dist.-Ind. below)
BREAKING NEWS!!!
---------------------------------------------------------------
$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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