BTOG - Bit Origin Ltd Announces New Financing and Provides Business Plan Update | Benzinga
NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ:BTOG) ("Bit Origin" or the "Company"), an emerging growth company engaged in the crypto mining business with diversified expansion strategies, today provides its financing and business plan update.
"After two successful rounds of financing in early November 2023 and raising a total gross proceeds of close to $4 million, we continue to invest in innovation and upgrading our core businesses. We are very grateful for the support of the investors," said Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company. "We are also actively seeking other financing opportunities, and we are delighted to announce that we will accelerate the 25 MW data center project in Wyoming, which will be another major milestone of our development."
- Financing Update
On November 7, 2023 and November 9, 2023, the Company entered into two securities purchase agreements respectively to sell ordinary shares through private placement financing. The Company anticipates the gross proceeds from the two private placements to be approximately $3,994,222.
- Operation and Business Plan Update
Since ...