This is a press release from Bit Brother Limited (the "Company," "we," or "Bit Brother") (NASDAQ: BETS) regarding its unaudited mining farm operation results for the calendar year 2023, which ended on December 31, 2023.
At present, the Company operates two mining farms in the United States. Site 1 at Clyde Texas started operations on January 17, 2023, and reached full capacity in May 2024 when 1.5 MW of mining servers were installed. The second mine at Abilene, Texas is expected to begin operations in mid-January of 2024.
In 2023, there will be a number of highlights
Layout of the strategic plan for the year 2024
As CEO Jack Wu commented, "I expect that in 2024, we will be able to expand our mining operations and improve our operating capacity and productions." In the event that the current bitcoin price trend continues, we believe that with persistent innovation and strategic investment, we will be able to achieve even greater achievement in the world of cryptocurrency."
In an effort to provide as much transparency as possible about its bitcoin mining operations, the Company has created the following link that shows the amount of bitcoins we have mined in real time:
https://www.blockchain.com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
In this report, the mining results do not include any financial results of the Company and do not include any of the Company's other, non-mining operations, such as the business management operations. In the United States, generally accepted accounting principles are complex, emerging and uncertain when it comes to cryptocurrency mining. It is possible that cryptocurrency may not be recognized as cash or cash equivalents, and mining activities may not be eligible for revenue recognition as well. A cryptocurrency does not have inherent value, is not recognized as legal tender by any governmental entity, and might not be able to be converted to a fiat currency at all. Investors should be careful not to place undue reliance on mining results alone, without considering other financial and non-financial metrics as well
Investors should be careful not to place undue reliance on mining results alone, without considering other financial and non-financial metrics as well
Bit Brother Limited - A Brief Overview
In the United States, Bit Brother Ltd is a multifaceted corporation whose operations span a wide range of activities, from business management to blockchain and cryptocurrency ventures.. Within the United States of America. As part of its strategic management and integration of cryptocurrency mining facilities across a range of jurisdictions, the company. Currently, the company has two mining farms in the United States that are operated by a dedicated team of specialists. In addition, the company is committed to further growing its blockchain and cryptocurrency operations over the next few years. Please visit the following website for more information: http://www..The Bitbrother.com
com
Statements that are forward-looking
It is possible that certain statements in this press release may be construed as "forward-looking statements".It should be noted that all statements included herein other than statements of historical fact are "forward-looking statements"..Usually, forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, and they often involve both known and unknown risks and uncertainties.. In spite of the fact that the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and it is possible that these expectations may prove to be incorrect as time goes on. As a result, you should not place undue reliance on this press release's forward-looking statements, which speak only as of the date on which this press release was issued.. There are a number of factors that could cause the Company's actual results to differ materially from those anticipated in these forward-looking statements, including:. The risks and uncertainties described in BETS' filings with the Securities and Exchange Commission ("SEC") may, but are not limited to, those described by BETS in its filings with the SEC.. It is possible that these risks as well as those mentioned elsewhere in this press release, among others, could cause actual results to differ materially from historic performance and include, but are not limited to:
It is possible that these risks as well as those mentioned elsewhere in this press release, among others, could cause actual results to differ materially from historic performance and include, but are not limited to:
As a result, forward-looking statements should not be considered as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements when determining whether to invest in our securities at any given time. Except as required by applicable securities laws, we are not obligated to update forward-looking statements to reflect events or circumstances that may arise after the date they were made, whether as a result of new information, future events, or otherwise, except to the extent required by applicable securities laws.
Except as required by applicable securities laws, we are not obligated to update forward-looking statements to reflect events or circumstances that may arise after the date they were made, whether as a result of new information, future events, or otherwise, except to the extent required by applicable securities laws.
Contact information: [email protected], +86-0731-82290658
Bit Brother Limited is the source of the information
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