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From red to green?
I think cash position here increased to $100m+ meanwhile.
$71m was before warrants got exercised!
Gap closed finally! Now LFG $BETS!
Wolf_Whisperer @ST:
$BETS: Lets recap shall we: 🍋
1. Micro-Float already locked up 🗝️
2. Short Squeeze Score 97.71%
3. CTB 68% & rising everyday🪜
4. 2nd Mining Farm (PR) Imminent 🎯
5. Day 4 towards Compliance (PR)
6. No Dilution (120 Days) until April
7. Shorts need to cover synthetic shares
8. 70M Cash Flush in hand - No debt
9. 6M+ BTC Wallet & climbing daily!!
10. 3rd Mining Facility (Expanding)
11. Texas Electricity Savings 🔌
12. BTC Bull Run into halving!!
And the list goes on and on… only an idiot would be shorting this sector lol🔥🔥Bullish
$$$BETS$$$
$BETS >>> Juicy news out! $$$$$$$$
Btw 141.95128672 Bitcoins in $BETS' wallet already!
Link: https://www.blockchain.com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
Website: https://www.bitbrother.com
$$$BETS$$$
Save your tears for another day! Lol
You're welcome, HS! Let's go, $BETS! #TRIGGER
$TANH >>> On high watch! $$$$$$$$
$TANH >>> On high watch! $$$$$$$$
Bit Brother Limited (NASDAQ: $BETS) announced its unaudited mining farm operation results for 2023, highlighting the mining of 136 bitcoins at Site 1, generating $6.2 million in revenue. The company also anticipates the commencement of operations at Site 2 in mid-January 2024, with an estimated monthly production of 12 BTC.
15.01.2024 - 15:20
CHANGSHA, China, Jan. 15, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) announced its unaudited mining farm operation results for the calendar year 2023 ended December 31, 2023.
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 achievment 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: https://www.bitbrother.com.
Contact: contactus@bitbrother.com, +86 0731 82290658
SOURCE Bit Brother Limited
$$$BETS$$$
News out!
BETS Seeks for New Investment and Expansion Opportunities
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: https://www.bitbrother.com.
Link: https://finance.yahoo.com/news/bets-seeks-investment-expansion-opportunities-142500232.html
$$$BETS$$$
And ALL THIS was BEFORE last 3(!) offerings! Hope y'all know what that means?
Remember: 1st (July 2023) of those 3 offerings raised $50m alone!!! $$$$$$$$
$BETS now has got a BOATLOAD of CA$H raised to invest.
Any hey're investing in further profitable $BTCUSD mining facilities in US to grow their business.
Perfect timing, Mr Jack WU! Very smart, at the right time, at the right place, respect!
Now it'd be time to give something back to your loyal shareholders investing in your company, right!?!
Bring the shareprice up to where it belongs, do the right steps now & get the short squeeze triggered.
Make your shareholders proud & happy, please. Enough pain that was!
THIS WILL BLOW UP LIKE NOT MANY STOCKS YA WATCHED BEFORE, FOLKS!
KEEP THE FAITH, THIS IS CONFIRMED NOT A SCAM! CEO is smart IMHO.
PPS WILL SKYROCKET SOON ENOUGH, FRIENDS! $BETS *NFA
BTW $BETS IS ON THE REG-SHO LIST SINCE 9 TRADING-SESSIONS! (Means FTDs!)
Just saying... Smart shorts start covering down here imo.
$$$BETS$$$
*profitable
$BETS >>> This is old news from Feb 2023 when 1st $BTCUSD mine in Texas became profitabel!
Congratulations!😍😍
— Bit Brother Limited (@BitBrotherLtd) February 23, 2023
Our new $3.6 million mine in Texas became profitable for the first time and has earned over $370,000 since January 17, 2023.💰💰 #Bitcoin #blockchain
We will continue to bring good news to investors and continue to grow🤝🤝 pic.twitter.com/wLhjj6blcl
Agreed. $BETS @$4.2 now. Bargains!? Imo max down $3.8 vs. max up $450. *NFA
Btw with a little, juicy $2m buyback this ticker even cud easily see $1000+/share at its peak as I see it.
$$$BETS$$$ $$$BETS$$$ $$$BETS$$$ $$$BETS$$$ $$$BETS$$$ $$$BETS$$$ $$$BETS$$$
$BETS >>> This did $MARA & $RIOT at the year of last halving of BTC! $$$$$$$$
Looky, looky here! > Impressive % performance, eh!? LFG Bit Brother(s)! $$$$$$$$
Link: https://stocktwits.com/g786/message/557646124
$$$BETS$$$
$BETS >>> Cboe says multiple spot bitcoin ETFs will begin trading on Thursday — but key forms not yet approved
by Sarah Wynn
JANUARY 10, 2024, 2:29PM EST
QUICK TAKE
The exchange sent out notifications naming six potential spot bitcoin ETF isusers and said they will start trading on Thursday.
The SEC has not yet approved the necessary forms for the ETFs to go live.
Cboe marked Thursday as the first day of trading for an array of potential spot bitcoin exchange-traded funds as the industry waits for the Securities and Commission to make a decision on whether to approve those products later in the day.
The exchange sent out notifications naming ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust and for the WisdomTree Bitcoin Fund.
"We are pleased to announce that 1 Exchange Traded Product ("ETP") will be listed on Cboe and will begin trading as a new issue on January 11, 2024," Cboe said.
While six prospective spot bitcoin ETFs are planned for the Cboe, three are set to list on the NYSE and two on the Nasdaq.
The SEC has not yet approved the funds, but it is now the latest step and could mean the agency is close to making a decision. Analysts widely expect the SEC to approve of multiple spot bitcoin ETFs later on Wednesday. The prospective issuers need to have their 19b-4 forms approved and their S-1 forms to become effective. Both are needed for trading to begin.
When could the ETFs get approved?
One high-ranking executive at a prospective spot bitcoin ETF issuer told The Block that they are expecting approvals for S-1 forms tonight.
Bloomberg ETF analyst Eric Balchunas said, “Most likely is we see formal approvals ballpark 4-6pm [ET] today with the Derby starting on Thursday,” he said.
His colleague James Seyffart noted that approvals could come anytime until roughly 6pm ET, suggesting that they might come after market close.
On Tuesday, the SEC's official account posted that the SEC had granted approval for listing bitcoin ETFs on all registered securities exchanges with an image showing a quote by SEC Chair Gary Gensler. It was shortly deleted with follow up posts claiming it was unauthorized and that spot bitcoin ETFs had not been approved by that point. It appears that the mishap has not delayed proceedings.
Link: https://www.theblock.co/post/271670/cboe-says-multiple-spot-bitcoin-etfs-will-begin-trading-on-thursday-but-key-forms-not-yet-approved
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$BETS >>> US SEC approves bitcoin ETFs in watershed for bitcoin, crypto market
By Hannah Lang and Suzanne McGee
January 10, 202410:47 PM GMT+1 Updated 3 min ago
WASHINGTON/NEW YORK, Jan 10 (Reuters) - The U.S. securities regulator on Wednesday approved the first U.S-listed exchange traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world's largest cryptocurrency and the broader crypto industry.
The agency approved applications, including from BlackRock (BLK.N), Ark Investments and 21Shares (ABTC.S), Fidelity, Invesco (IVZ.N), and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday.
The products - a decade in the making - would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals.
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone, driving the price of bitcoin as high as $100,000. Other analysts have said inflows will be closer to $55 billion over five years.
"It's a huge positive for the institutionalization of bitcoin as an asset class," said Andrew Bond, managing director and senior fintech analyst at Rosenblatt Securities. "The ETF approval will further legitimize bitcoin."
Bitcoin has gained more than 70% in recent months on the expectation ETFs for the asset would be approved.
Reporting by Hannah Lang in Washington and Suzanne McGee; additional reporting Chris Prentice and Douglas Gillison in Washington and Laura Matthews in New York; Editing by Michelle Price, Louise Heavens, David Evans and Jonathan Oatis
Our Standards: The Thomson Reuters Trust Principles.
Link: https://www.reuters.com/technology/bitcoin-etf-hopefuls-still-expect-sec-approval-despite-social-media-hack-2024-01-10/
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$BETS $BTCUSD >>> US SEC approves 11 spot ETFs! $$$$$$$$
Link: https://www.reuters.com/technology/us-sec-approves-some-spot-bitcoin-etfs-2024-01-10/
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It's better to finally start covering because it seems desperate to get people to sell at a loss so that the short sellers can make money on their losses. $BETS
$TOP squeezed to ~$260/share with almost 40m O/S, what cud do $BETS now with only 3.8m O/S and way higher short positions?
Spot-on, bro! $BETS