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

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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

CHANGSHA, China, July 14, 2023 /PRNewswire/ -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (NASDAQ:BTB), announced today that it has entered into a securities purchase agreement with certain accredited investors to sell $50 million of its Class A Ordinary Shares in a registered direct offering. Under the terms of the securities purchase agreement, Bit Brother has agreed to sell 2,000,000,000 Class A Ordinary Shares. The purchase price for one Class A Ordinary Share will be $0.25. The gross proceeds to Bit Brother are estimated to be $50 million before deducting the estimated offering expenses. The registered direct offering is expected to close on or about July 18, 2023, subj

CHANGSHA, China, May 22, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ:BTB), announced today that on May 16, 2023, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company's ordinary shares on Nasdaq. Under the Nasdaq Listing

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 subs

CHANGSHA, China, Feb. 24, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ:BTB) is pleased to announce that BTB's Texas mining farm has been operating as expected since it started operations on January 17, 2023. As of February 23, 2023, the mining server has mined over 15 bitcoins, generating approximately $370,000 in revenue based on the current bitcoin price. With another 400 S19J Pro mining servers delivering expected in April, assuming that all mining servers are operating as expected and the bitcoin price remain stable, total revenue from our Texas mining farm for the full fiscal year ending June 30, 2023 is expected to reach approximately $

CHANGSHA, China, Feb. 14, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ:BTB) Mr. Ralph Jones, CEO of the subsidiary Bit Brother New York Inc, held a video conference with Mr. Mark Hunter, a former SEC enforcement lawyer, to discuss specific details of countering naked short selling. The Company's Special Task Force will continual to fight back against short sales . The meeting addressed the following issues: 1. How can naked short selling of a company's shares harm the company? 2. How can filing a whistleblower claim with the SEC help resolve the naked short selling problem? 3. What other legal action can a company take against a person who en

CHANGSHA, China, Feb. 8, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ:BTB), a tea product and a crypto finance digital technology group, has been exploring the application of AI technology to digital technology and milk tea&coffee business scenarios, such as pre-sales customer communication and consultation, basic product information, including product names, selling points, risk control requirements, application requirements, etc. Subsequently, we plan to increase its investment in AIGC and ChatGPT, cooperating with relevant scientific research institutions and conducting in-depth research in related technologies. We expect that through the

CHANGSHA, China, Feb. 7, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ:BTB) is pleased to announce that additional 400 S19J Pro Mining Servers purchased from Blockworx1 LLC were delivered to the Company's Texas mining farm on February 3, 2023, and are expected to be fully installed and operating by April 2023. As of today, a total of 1,400 of the Company's S19J Pro servers are in operation. With the additional 400 servers, an aggregate hash rate of 180,000 TH/S will be reached, assuming all the rigs operate as expected. Approximately 9 Bitcoins have been mined by the Company's mining servers at the Texas mining farm. The Company seeks to provi