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btb - btb STOCK NEWS

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

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 btb'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 btb's position in the market.

News
Bit Brother Announces 1 for 1,000 Reverse Share Split
Rhea-AI Summary
Bit Brother Limited (BTB) has approved a 1 for 1,000 reverse split of its Class A and Class B ordinary shares, expected to become effective on January 10, 2024. The reverse split is expected to reduce the outstanding Class A ordinary shares from approximately 3.8 Billion to 3.8 Million. Stock options, restricted shares, and equity incentive plans will be proportionally adjusted. Shareholders will receive new share certificates and fractional shares will be rounded up to the nearest whole share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
/C O R R E C T I O N -- Bit Brother Limited/
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
81150%
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none
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News
Bit Brother New York Saved $200,000 in Electricity Costs Through the "Hedged Electricity Price" Power Supply Agreement
Rhea-AI Summary
Bit Brother Limited (BTB) enters 5-year power supply agreement, ensuring stable electricity costs for its mine operations in Texas. Expected to maintain low average electricity price of 5.25 cents/KWH until Dec 2027. Saved $200,000 in electricity costs through peak adjustment mechanism.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
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none
News
Bit Brother Limited Announces Nasdaq Ticker Symbol Change to "BETS"
Rhea-AI Summary
Bit Brother Limited (NASDAQ: BTB) will be changing its ticker symbol to 'BETS' on September 8, 2023. The CEO believes this change will have a positive impact on the company's long-term brand influence and brand value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
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none
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News
Bit Brother Limited Announces Pricing of $50 Million Registered Direct Offering
Rhea-AI Summary
Bit Brother Limited announced a registered direct offering to sell $50 million of its Class A Ordinary Shares. The offering is expected to close on July 18, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.32%
Tags
offering
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News
/C O R R E C T I O N -- Bit Brother Limited/
Rhea-AI Summary
Bit Brother Limited has announced the pricing of a $50 million registered direct offering. The company has entered into a securities purchase agreement to sell 200,000,000 Class A Ordinary Shares at a purchase price of $0.25 per share. The gross proceeds to Bit Brother are estimated to be $50 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.32%
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none
News
Bit Brother Ltd. Received Nasdaq Notification Letter Regarding Bid Price Deficiency
Rhea-AI Summary
Bit Brother Limited has received a notification letter from Nasdaq stating that its minimum bid price per share has been below $1.00 for 30 consecutive business days, causing it to no longer meet the minimum bid price requirements. The company has until November 13, 2023, to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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none
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News
Bit Brother Announces First Fully Loaded Texas Mining Farm and Development of Second Mining Farm
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.6%
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News
Bit Brother Generated over 15 Bitcoins from Texas Mining Farm Since Jan 17, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
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News
BTB to Release Video Conference with Mark Hunter on the Topic of Naked Short Selling
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.07%
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BTB Stock Data

6.26M
9.71M
0%
0.62%
4.66%