Bit Origin Ltd Signs Strategic Alliance Agreement with Mner.Club for Crypto Miner Deployment and Hosting
February 23 2024 - 9:00AM
Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an
emerging growth company engaged in the crypto mining business with
diversified expansion strategies, today announces it has entered
into a Strategic Alliance Agreement (“Agreement”) with Mner.Club
for crypto miner deployment. According to the Agreement, Bit Origin
and Mner.Club will collaborate in the areas of crypto mining
machine deployment and hosting, and Bit Origin will provide crypto
mining consulting and hosting service provider selection services
to Mner.Club.
Mner.Club has recently unveiled its Mineral
Project (“Project”), introducing inscription assets that adopt the
BRC-20 and BRC-420 standards. This initiative involves the
deployment of crypto mining machines, enabling holders to earn
periodic distributions in a variety of assets, including Bitcoin,
through staking. The Project aims to continuously distribute
earnings to users by increasing the treasury's RWA holdings,
initially the mining machines. With a focus on a DeFi flywheel and
sustainable yield incentives, it introduces a new paradigm for
DeFi, emphasizing good composability and injecting foundational
yield-generating assets into the DeFi sector.
Lucas Wang, Chairman and Chief Executive Officer
of Bit Origin commented, “We are very pleased to partner with
Mner.Club. This collaboration has shown that our operational level
is recognized by the industry. Bringing on Mner.Club is extremely
exciting and we look forward to partnering.”
About Bit Origin Ltd
Bit Origin Ltd, formerly known as China Xiangtai
Food Co., Ltd., is an emerging growth company operating in the
United States and engaged in the cryptocurrency mining business.
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 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 about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy, and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances
or changes in its expectations, except as may be 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 turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
Company Contact
Bit Origin Ltd Mr. Lucas Wang, Chairman and Chief Executive
OfficerEmail: ir@bitorigin.io
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at https://bitorigin.io/contact
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