Bit Brother Limited Nasdaq

BETS

VGG1144D1336

Food Retail & Distribution

Delayed Nasdaq Other stock markets 16:00:00 2024-03-06 EST			5-day change	1st Jan Change
2.78 ^USD	-7.18%		-35.05%	-74.02%

06-19	Bit Brother Limited Announces Commencement of Operations of Second Mining Farm in Abilene, Texas	CI
05-29	Bit Brother Limited Announces Resignation of Zhihua Liao as Director	CI

Bit Brother Receives 1,400 Mining Machines and Expect to Generate Approximate 14.15 BTC Per Month

January 17, 2023 at 09:20 am

On December 22, 2022, Bit Brother Limited, through its subsidiary Bit Brother New York Inc. ("BTB NY"), purchased 1,400 S19J Pro cryptocurrency mining servers from Grand Flourish Inc. for an aggregate purchase price of USD 2,329,600. Each server has a hash rate of approximate 100 TH/S. All servers are new with a warranty of 6 months. As of till date 1,400 servers have been delivered.

BTB started operating these servers. By using the data from Ultimuspool, a mining pool solution, and the settlement method of Full Pay Per Share (FPPS), the company estimates that servers can generate a total value of 0.4717 BTC per day, and thus approximately 14.15 BTC per month, assuming all these machine operate as expected.

Latest news about Bit Brother Limited

Bit Brother Limited Announces Commencement of Operations of Second Mining Farm in Abilene, Texas	06-19	CI
Bit Brother Limited Announces Resignation of Zhihua Liao as Director	05-29	CI
Bit Brother Limited Announces Chief Financial Officer Changes	03-13	CI
Bit Brother Limited Announces Chief Executive Officer Changes	03-13	CI
Bit Brother Limited Announces Board Changes	03-13	CI

Chart Bit Brother Limited

Duration

Period

More charts

Company Profile

Bit Brother Ltd, formerly Urban Tea Inc, is a holding company mainly engaged in the tea product sales business and blockchain business. The Company operates three businesses. The blockchain and digital asset mining business is engaged in the research and development of a digital currency wallet, and the integrated operation and management of supercomputer servers for individual and institutional users. The tea and light foods business is engaged in the provision of tea drinks, light meals, pastries and coffee. Tea-based beverages include fresh milk tea, fruit tea and milk cap tea. Light meals include salads, sandwiches, pasta, steak, burritos and others. Pastries include bread and cakes. The business management services business is engaged in the provision of business management services and license trademarks to retail store owners, including operational management advisory services, human resources management services, accounting and payment solutions and others.

Sector

Food Retail & Distribution

More about the company

Income Statement Evolution

More financial data

Sector Other Food Retail & Distribution

	1st Jan change	Capi.
BIT BROTHER LIMITED	-74.02%	331K
WALMART INC.	+33.53%	560B
KROGER CO. (THE)	+16.64%	37.62B
LOBLAW COMPANIES LIMITED	+29.22%	37.08B
SYSCO CORPORATION	-0.36%	35.76B
AHOLD DELHAIZE N.V.	+10.24%	29.21B
WOOLWORTHS GROUP LIMITED	-7.15%	28.43B
TESCO PLC	+9.78%	28.1B
GEORGE WESTON LIMITED	+25.67%	20.21B
AEON CO., LTD.	+4.63%	18.33B