CHANGSHA, China, March 11, 2024 /CNW/ -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (OTC:BETSF), today announced its intention to appeal the recent delisting decision issued by the Hearing Panel of Nasdaq Stock Market ("Nasdaq"). We have recently received correspondence from shareholders across the globe who indicted that that they believe BETSF's recent financing activities have not harmed their interests. And it is with their support that we will be submitting our appeal.  As the cryptocurrency market experiences a bullish trend, BETSF remains focused on our digital currency operations, and shareholders are eagerly anticipating the company's growth in this thriving market

CHANGSHA, China, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (Nasdaq: BETS), today announced that it has received a notice (the "Notice") from the Nasdaq Stock Market ("Nasdaq") on January 30, 2024 notifying the Company that the Nasdaq Staff ("Staff") had determined to delist the Company's securities from Nasdaq in accordance with its authority under Nasdaq Listing Rule 5101. Nasdaq based its determination upon concerns raised by the issuance of certain warrants with cashless exercise provisions in two registered offerings by the Company on October 25, 2023 and December 5, 2023 and the associated public interest concerns raised by such tra

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

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 D

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 o

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 purc

CHANGSHA, China, Dec. 5, 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 purc

CHANGSHA, China, Dec. 5, 2023 /PRNewswire/ -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (NASDAQ: BETS), announced today that it has entered into a securities purchase agreement with certain accredited investors to sell $12.0 million of its Class A ordinary shares, Class D warrants, and Class E warrants in a registered direct offering. Under the terms of the securities purchase agreement, Bit Brother has agreed to sell 184,615,385  Class A ordinary shares, Class D warrants to purchase 184,615,385 Class A ordinary shares, and Class E warrants to purchase 184,615,385 Class A ordinary shares at a combined purchase price of $0.065 per Class A ordinary share and associated warra

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

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 Co