Bit Brother Ltd (NASDAQ:BTB) shares are trading lower after entering into a securities purchase agreement with certain accredited investors to sell $50 million of its shares in a registered direct offering.
Under the terms of the securities purchase agreement, Bit Brother has agreed to sell shares for $0.25 per share.
The offering is expected to close on or about July 18, 2023.
Price Action: BTB shares are trading lower by 18.66% at $0.6255 on the last check Friday.
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CHANGSHA, China, Jan. 8, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ:BTB), today announced that a 1 for 1,000 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's board of directors on November 14, 2023 and is expected to become effective on or around January 10, 2024. Upon the effectiveness of the reverse share split, Bit Brother shareholders will receive one new Class A ordinary share of Bit Brother for every thousand shares they hold. Bit Brother's Class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on January 10, 2024. The reverse share split is
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. Meanw
CHANGSHA, China, Sept. 6, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ:BTB), announced that the Company will be changing its ticker symbol from "BTB" to "BETS". Effective on Friday, September 8, 2023, the Company's Class A Ordinary Shares will trade on Nasdaq under the new symbol "BETS". "According to the needs of the Company's future strategy and business development, we will officially change the ticker symbol," CEO of the Company, Xianlong (Jack) Wu commented. "Over the past few years, the Company has actively sought to diversify its business development and has brought us new business growth opportunities in many areas. The change of the Company
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SC 13G/A - Bit Brother Ltd (0001543268) (Subject)
CHANGSHA, China, Jan. 24, 2023 /PRNewswire/ -- Bit Brother Limited ("Bit Brother", "BTB", "We" or the "Company") (NASDAQ:BTB) announced today the Special Task Force has taken and plan to take following actions to address the suspected illegal shorting of its stock: Started collecting evidence and may seek help from regulatory authorities.Reached out legal counsels and shareholder intelligence service firms about engagement of these professionals.conducted preliminary analysis of potential corporate actions including but not limited to share repurchase, special dividend, and dual listing.In addition, Ralph Jones, CEO of the Company's subsidiary Bit Brother New York Inc, and a member of the Sp
CHANGSHA, China, Aug. 10, 2022 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ:BTB), through its subsidiary in New York, Bit Brother New York Inc., entered into a lease agreement with Petawatt Properties LLC, a Wyoming limited liability company ("Petawatt"), which marks the initial step for the parties to jointly develop the cryptocurrency and blockchain business in North America. On August 2, 2022, Bit Brother New York and Petawatt entered into a lease agreement for a 22-acre plant in Carthage New York. Bit Brother New York agreed to pay Petawatt an annual rent of $1 million for a term of ten years which could be deducted from the purchase price if Bit Bro