Welcome to our dedicated page for Bit Brother news (Ticker: btb), a resource for investors and traders seeking the latest updates and insights on Bit Brother stock.
Bit Brother Limited (NASDAQ: BETS) combines specialty tea distribution with innovative blockchain ventures, making it a unique player in both traditional and emerging markets. This news hub provides investors with timely updates on corporate developments, financial strategies, and operational milestones.
Access comprehensive coverage of BTB's material events including earnings reports, regulatory filings, and strategic business decisions. Track key initiatives like the Texas-based cryptocurrency mining operations powered by cost-effective energy agreements and major financial moves such as the $50 million registered direct offering.
Our curated news collection features verified updates on leadership decisions, market expansions, and regulatory compliance. Stay informed about transformative events including the recent 1:1000 reverse stock split and the company's rebranding efforts reflected in its NASDAQ symbol change from BTB to BETS.
Bookmark this page for direct access to primary source documents and unfiltered corporate communications. Check back regularly for essential updates that could impact your understanding of Bit Brother's evolving market position.
Bit Brother Limited (BTB) announced that its Texas mining farm has successfully operated since January 17, 2023, generating over 15 bitcoins, which equates to approximately $370,000 in revenue as of February 23, 2023. The company expects total revenue from the farm to reach around $1.8 million for the fiscal year ending June 30, 2023, with 400 additional mining servers anticipated in April. However, BTB cautions investors that mining results do not reflect overall financial performance and include risks related to regulatory oversight, power costs, operational disruptions, and cryptocurrency price fluctuations.
Bit Brother Limited (NASDAQ: BTB) announced a video conference featuring CEO Ralph Jones and former SEC lawyer Mark Hunter focused on combating naked short selling. Scheduled for February 17, 2023, the discussions will cover the detrimental effects of naked short selling on company shares, potential SEC whistleblower claims, and other legal actions against illegal short selling. The Company is committed to fighting back against these practices through its Special Task Force. Bit Brother's business activities include the distribution of specialty tea and ongoing development in cryptocurrency mining technology, initiated in 2021.
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