BETS Announces Delivery of the All Equipment at the Second Mining Farm

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 of the other equipment has been completed. We are preparing for the inspection by the Abilene City and issuance of Certificate of Occupancy. Bit Brother expects to receive the Certificate of Occupancy and commencement of Site 2 in early February 2024.

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: www.bitbrother.com.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. These risks and uncertainties include, but not are limited to, the risk factors described by BETS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

Local government’s policies and regulatory oversight of cryptocurrency mining operations and our other operations;BETS’s cryptocurrency mining business is still under development, with many uncertainties in the future direction and integration of BETS’s other business segments;Failure to manage the newly launched cryptocurrency mining business effectively;Failure to access a large quantity of power at reasonable costs could significantly increase BETS operating expenses and adversely affect demand for BETS’s mining activities;Any significant or prolonged failure in the cryptocurrency mining facilities that BETS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation;Security breaches or alleged security breaches of our cryptocurrency mining servers could disrupt BETS operations and have a material adverse effect on its business, financial condition and results of operation; andFluctuation of the crypto price;Other risks and uncertainties indicated in BETS’s SEC reports or documents filed or to be filed with the SEC by BETS.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contact: [email protected], +86-731-82290658

SOURCE Bit Brother Limited

大灣區經濟總量超13萬億

全國政協十四屆二次會議新聞發言人劉結一表示,粵港澳大灣區經濟總量超過13萬億人民幣,成為全球最具前景的增長極之一。

尼泊爾在珠峰攀登活動中引入定位晶片

新華社北京3月4日電 隨著春季登山季臨近,尼泊爾旅遊部門要求從該國一側攀登珠峰的人租賃並使用定位晶片,以便在不測事件發生時展開搜救。

中國首個“海上風電+海洋牧場”全年上網電量將超10億千瓦時

在距離山東省萊州市海岸11公里的國家級海洋牧場示範海域,坐落著中國首個“海上風電+海洋牧場”融合發展研究試驗專案。記者從國網萊州市供電公司獲悉,這一專案2024年前兩個月上網電量達1.8485億千瓦時,全年上網電量將突破10億千瓦時。

Värde Promotes Shannon Gallagher and Tony Iannazzo to Partner

NEW YORK and LONDON, March 04, 2024 (GLOBE NEWSWIRE) — Värd

CNH supports expanded rural connectivity in Latin America

CNH supports expanded rural connectivity in Latin America Th

Bitdeer Announces New 4nm Bitcoin Mining Chip SEAL01

SINGAPORE, March 04, 2024 (GLOBE NEWSWIRE) — Bitdeer Techno

Quantexa Strengthens Advisory Board with the Appointment of Boon Hui Khoo

LONDON, March 04, 2024 (GLOBE NEWSWIRE) — – Quantexa, the g

相關文章

大灣區經濟總量超13萬億

全國政協十四屆二次會議新聞發言人劉結一表示,粵港澳大灣區經濟總量超過13萬億人民幣,成為全球最具前景的增長極之一。

【特刊】政府能如何更進一步?

仍然可以採取很多措施;但實際成效仍有待觀察。社會各有各說法,意見分歧。

澳門2024年GDP預計按年增一成

澳門經濟財政司司長李偉農預計2024年澳門本地生產總值(GDP)按年實質增長率可達10.3%,恢復至2019年水平約九成。

澳門1月入境旅客量恢復至疫前水平83.5%

澳門統計暨普查局資料顯示,今年1月入境旅客按年增加一倍至2,861,609人次,恢復至2019年同期83.5%。1月錄得199,278人次國際旅客,恢復至2019年同期的66.4%。

【特刊】龍年嬰兒潮:1988 年和 2012 年(2000年除外)

2000年經濟衰退期間,圍繞龍寶寶的吉祥信念並沒有成功緩解父母對生育的擔憂。

政府公佈輕軌行車系統營運36.6億元合同判給結果

澳門政府將“輕軌東線之行車系統”判予三家實體合作經營,判給金額達澳門幣36.57億元(折合約4.6 億美元)。