Bit Brother Limited
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Xianlong Wu
- Full Time Employees
- 65
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- Kineer Business Centre Changsha People's Republic of China 410023
- IPO Date
- Jun 4, 2015
- CIK
- 0001543268
- Website
- bitbrother.com
- Similar Companies
- Business
- Bit Brother Limited (OTC Pink: BETSF) is a British Virgin Islands holding company primarily engaged in cryptocurrency mining and blockchain operations in the United States, alongside business management services and legacy specialty tea product distribution in China. The company offers core products and services encompassing Bitcoin mining through self-managed facilities equipped with high-performance S19 miners, including operational sites in Abilene, Texas that collectively target monthly production of approximately 7 BTC; blockchain technology platforms for digital asset management and distribution; business management consulting and trademark licensing to retail operators; and tea-based beverages such as fresh milk tea, fruit tea, and milk cap tea, light meals including salads, sandwiches, pasta, steak, and burritos, as well as pastries like fresh baked bread and cakes. Founded in 2011 and headquartered at Kineer Business Centre, 15th Floor, Block A, Changsha, Hunan Province, China, Bit Brother conducts operations across China and the US, with subsidiaries including Bit Brother New York Inc. for mining ventures and variable interest entities such as Mingyuntang (Shanghai) Tea Co., Ltd. and Qingdao Ether Continent Digital Technology Co., Ltd. Recent developments include the June 2024 launch of its second cryptocurrency mining farm in Abilene, Texas with 1,368 S19 miners following certificate of occupancy approval; a strategic pivot to blockchain and mining since its May 2021 name change from Urban Tea, Inc.; receipt of a Nasdaq delisting notice with plans to appeal in early 2024; and prior equipment acquisitions such as 3,300 S19 miner units and a $5.04 million registered direct offering in late 2023 to support mining expansion.
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BETS Abilene TX Mining Farm Received a Certificate of Occupancy and is Scheduled to Commence Operations in Early 2024
BETS Abilene TX Mining Farm Received a Certificate of Occupancy and is Scheduled to Commence Operations in Early 2024