Moxian Announces Name Change To Abits Group Inc; Ticker Symbol On The Nasdaq Capital Market Will Be Changed To "ABTS" From "MOXC" Effective Before The Opening Of Trading On November 17, 2023

Moxian (BVI) Inc (the "Company") (NASDAQ:MOXC), a company engaged in bitcoin mining and related services in the United States, today announced that it has changed its corporate name from Moxian (BVI) Inc to Abits Group Inc. In addition, the Company's ticker symbol on the Nasdaq Capital Market will be changed to "ABTS" from "MOXC" effective before the opening of trading on November 17, 2023.

 

"The date marks an important milestone in the Company's history," said Mr. Conglin (Forrest) Deng, Executive Director and Chief Executive Officer of Abits Group Inc. "The new name better reflects the transformation in the Company's core business and the beginning of a new chapter in its corporate history. It also coincides with the launch of a mining center in Tennessee, which is driven by a new generation of innovative and sustainable hydro-power."

The corporate name change to Abits Group Inc does not affect the rights of the Company's shareholders and no action is required by shareholders with respect to the name change. The number of outstanding ordinary shares of the Company is also not affected by the name and ticker symbol changes.