Bit Origin Limited to add 1,000 mining sites with three megawatts of mining power

Bit Origin Limited

New York, June 08, 2022 (GLOBE NEWSWIRE) — Bit Origin Limited (NASDAQ: BTOG) (“Bit Origin” or the “Company”), an emerging growth company engaged in the cryptocurrency mining industry with strategies expansion plans, today announced that the Company has completed all due diligence and has entered into a strategic hosting service agreement (“Agreement”) with Your Choice 4 CA, Inc. (“YCI”) , a US-based data center operator operated by 1024 Capital LLC (“1024 Capital”), to lease 1,000 mine sites with three megawatts (“MW”) of mine power in Marion, Indiana. It is expected to produce around 12.66 BTC per month for the company when all miners are deployed in mid-June 2022 as planned.

Under the agreement, YCI commits to providing Bit Origin with 1,000 hosting slots, delivering approximately 100 PH/s at full capacity. The Agreement enters into force on June 8, 2022 and will remain in force for one year. YCI also agrees to offer the Company a renewal option to extend the term of the Agreement to a specific new date upon mutual written agreement.

Mr. Lucas Wang, President and CEO of the company, said, “Following our update of the signing of the letter of intent on June 6, we are very pleased to enter into the service agreement of hosting with YCI. We are working hard to ensure the rapid deployment of 1,000 miners in about 10 days and immediately improve our productivity.

About Your choice 4 CA, Inc. and 1024 capital SARL

Your Choice 4 CA, Inc. is a US-based data center operator managed by 1024 Capital LLC. 1024 Capital LLC is a US-based integrated service provider covering energy development, mine site construction, operation and maintenance, founded by a professional team including a seasoned crypto mining operator and venture capitalist .

About Bit Origin Limited

Bit Origin Limited, formerly known as China Xiangtai Food Co., Ltd., is an emerging growth company operating in the United States and engaged in the crypto mining industry. The Company is also actively deploying blockchain technologies, alongside diversified expansion strategies. For more information, please visit https://bitorigin.io.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections regarding future events and financial trends that the Company believes could affect its financial condition, results of operations, business strategy and his financial needs. Investors can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “has intention to”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will prove to be correct, and the Company cautions investors that actual results maydiffer significantly from expected results.

Company details

Bit Origin Limited
Erick W. Rengifo
Phone: +1-347-556-4747
Email: [email protected]

Investor Relations

Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: [email protected]

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