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Bit Brother Limited - BETS STOCK NEWS

Welcome to our dedicated news page for Bit Brother (Ticker: BETS), a resource for investors and traders seeking the latest updates and insights on Bit Brother.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bit Brother's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bit Brother's position in the market.

Rhea-AI Summary
Bit Brother Limited (Nasdaq: BETS) received a notice from Nasdaq to delist its securities due to concerns over certain warrants with cashless exercise provisions in two registered offerings. The company has been granted a hearing before the Nasdaq Hearings Panel and there is no immediate impact on the listing and trading. However, if the Panel does not grant the Company’s request to demonstrate compliance, its ordinary shares will be subject to delisting.
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Bit Brother Limited (BETS) announces the delivery of equipment for their second cryptocurrency mining farm, delayed due to extreme weather. The company has received an initial batch of 1,400 miners and is preparing for the inspection and commencement of Site 2 in early February 2024.
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End-of-Day
-10.26%
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Rhea-AI Summary
Bit Brother Limited (NASDAQ: BETS) announced its unaudited mining farm operation results for 2023, highlighting the mining of 136 bitcoins at Site 1, generating $6.2 million in revenue. The company also anticipates the commencement of operations at Site 2 in mid-January 2024, with an estimated monthly production of 12 BTC.
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Bit Brother Limited (NASDAQ: BETS) announces a 1 for 1,000 reverse share split, expected to become effective on or around January 10, 2024. The reverse split will lead to Bit Brother's Class A ordinary shares to trade at approximately one thousand times the price per share at which it trades prior to the effectiveness of the reverse share split. The company cannot assure that the price of its Class A ordinary shares after the reverse split will reflect the 1 for 1,000 reverse split ratio.
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81150%
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Rhea-AI Summary
Bit Brother Limited (BETS) has announced a consulting agreement with Cruxforce, LLC to find a mining farm with sufficient power supply for their third site. This move comes after Bitcoin's surge to over $45,000 per coin in December 2023, sparking a fresh wave of investment enthusiasm. The collaboration aims to enhance BETS' performance and market share in the cryptocurrency industry.
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Bit Brother Limited (BETS) has received a Certificate of Occupancy for its 2-acre cryptocurrency mining farm in Abilene, Texas, and is set to commence operations by early 2024. The company has purchased approximately US$5 million of cryptocurrency mining servers, with an estimated monthly production of 12 BTC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
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Bit Brother Limited (BETS) announces a registered direct offering to sell $12.0 million of its Class A ordinary shares, Class D warrants, and Class E warrants to certain accredited investors. The offering includes 184,615,385 shares, with Class D warrants exercisable immediately upon issuance for five years at an initial price of $0.06, and Class E warrants exercisable immediately upon issuance for two years at an initial price of $0.13. The company will effectuate a reverse split if the closing bid price of the shares trades below $0.01 for five consecutive trading days. The gross proceeds are estimated to be $12.0 million before deducting expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-50.72%
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Rhea-AI Summary
Bit Brother Limited (BETS) has announced the purchase of 3300 units of Antminer S19 miners, expected to propel its total hash rate to 400,000 TH/s and solidify its position in the cryptocurrency mining arena. The company's technical team optimized the mining machines' performance to enhance efficiency and generate substantial returns for investors.
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44.44%
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Bit Brother Limited (BETS) reports successful operations at its 6MW mining farm in Texas, generating over 120 BTC in 11 months. The company also announces progress on its second 2-acre mining farm, with operations expected to commence in January.
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Bit Brother Limited (NASDAQ: BETS) has received a notice from NASDAQ Stock Market regarding the potential delisting of its securities due to non-compliance with listing rules. The company intends to request a hearing to demonstrate compliance and avoid delisting.
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End-of-Day
-10%
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Bit Brother Limited

Nasdaq:BETS

BETS Rankings

BETS Stock Data

695.05M
191.75k
2.52%
7.4%
147.07%
Paint and Coating Manufacturing
Manufacturing
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China (Mainland)
Zhenjiang