Changsha, China (ots/PRNewswire) – Bit Brother Limited (“the Company” “we” or “Bit Brother”, NASDAQ: BETS) is pleased to announce the arrival of all equipment to operate our second mining farm. Due to the extremely cold weather in Texas in mid-January, some equipment originally expected to arrive by January 10, 2024 was delayed until January 19. As of now, the company has received a first batch, which includes around 1,400 miners, miner containers, transformers, sound-absorbing barriers and other operational equipment. The 1400 miners are already installed and tested. Most of the assembly work and testing procedures for the other equipment have been completed. Now we are preparing for the City of Abilene inspection and issuance of the Certificate of Occupancy. Bit Brother expects this certificate and Site 2 to begin operations in early February 2024.
Information about Bit Brother Limited
Bit Brother Ltd is a diverse company active in business management both in China and in blockchain and cryptocurrencies in the United States. Within the jurisdiction of the United States, the Company strategically manages and integrates cryptocurrency mining facilities. With its team of dedicated experts, the company currently operates two mining farms in the US and aims to further grow its blockchain and cryptocurrency operations. For more information, see: www.bitbrother.com.
Forward-Looking Statements
This press release contains certain statements that may contain “forward-looking statements.” All statements contained herein that are not historical facts are “forward-looking statements.” These forward-looking statements can often be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, which involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results may differ materially from those anticipated in these forward-looking statements due to a variety of factors. These risks and uncertainties include, but are not limited to, the risk factors described by BETS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors, and the risk factors discussed elsewhere in this press release, could, among other things, cause actual results to differ materially from historical performance:
- Local government policies and regulatory oversight relating to cryptocurrency mining operations and our other businesses;
- BETS’ cryptocurrency mining business is still evolving, with many uncertainties surrounding the future direction and integration of BETS’ other business areas;
- Failure to effectively manage the newly launched cryptocurrency mining business;
- Failure to access a large amount of electricity at a reasonable cost could significantly increase BETS’s operating costs and adversely affect demand for BETS’s mining activities;
- Any significant or prolonged failure of the cryptocurrency mining facilities operated by BETS or the services provided by BETS, including events beyond the control of BETS, would result in significant costs and disruption and reduce the attractiveness of BETS’ facilities damage the Company’s reputation and have a significant negative impact on its operating results;
- Security breaches or alleged security breaches of our cryptocurrency mining servers could disrupt BETS’ operations and have a material adverse effect on the Company’s business, financial condition and results of operations; and
- Cryptocurrency price fluctuations;
- Other risks and uncertainties disclosed in BETS’s SEC reports or in documents filed or to be filed by BETS with the SEC.
Accordingly, you should not rely on any forward-looking statements as representing our views as of a subsequent date, and you should not place undue reliance on these forward-looking statements when deciding whether to invest in our securities. We undertake no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date on which they are made, whether as a result of new information, future events or otherwise, except after required by applicable securities laws.
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Questions & Contact:
contact@bitbrother.com,
+86-731-82290658