Bit Brother Limited
OOTC:BETSF0.00
USD
0.00
(0.00%)
ISIN
VGG1144D1336
CUSIP
G1144D133
Return %
Stock
S&P 500
1Y
-90.00
14.20
3Y
-100.00
81.12
5Y
-100.00
68.34
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
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in mil. unless spec.Growth Rates
USD
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in mil. unless spec.Semi-annual Revenue
USD
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in mil. unless spec.Semi-annual Earnings Per Share
USD
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in mil. unless spec.Semi-annual Dividends Per Share
USD
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in mil. unless spec.Company Description
- CEO
- Ling Sun
- Full Time Employees
- 65
- Sector
- Technology services
- Industry
- Data processing services
- Address
- Kineer Business Centre Changsha HU China 410023
- IPO Date
- Apr 27, 2024
- Website
- bitbrother.com
- Similar Companies
- Business
- Bit Brother Limited (BETSF) is a British Virgin Islands-incorporated holding company headquartered in Changsha, China, that primarily manages cryptocurrency mining facilities and blockchain ventures in the United States, complemented by business management services and historical roots in specialty tea product retail and distribution in China. The company operates tea-based beverages including fresh milk tea, fruit tea, and milk cap tea; light meals such as salads, sandwiches, pasta, steak, and burritos; pastries comprising fresh baked bread, cakes, and frosting cakes; alongside cryptocurrency mining operations focused on Bitcoin production using specialized equipment like S19 miners, blockchain technology integration, digital asset management, and provision of business management services and trademark licensing to retail store owners. Incorporated in 2011 and formerly known as Urban Tea, Inc., until its rebranding to Bit Brother Limited in May 2021, it conducts operations across China for administrative and tea-related activities and the United States for mining sites, targeting digital asset investors, blockchain enterprises, and specialty food consumers. In recent developments, Bit Brother launched its second cryptocurrency mining farm in Abilene, Texas, in June 2024, featuring 1,368 S19 miners expected to produce approximately 3 BTC per month alongside its first site for a combined 7 BTC monthly output, marking a key expansion milestone amid Bitcoin's price surge. The company delisted from NASDAQ to OTC markets in March 2024 to streamline operations; announced a strategic acquisition boosting its value by 60% in early 2024; entered a brokerage agreement in January 2023 for 400 mining rigs with 40,000 TH/s hash rate; and signed a lease in August 2022 for 62.5MW green power access via its U.S. subsidiary, Bit Brother New York Inc., advancing its blockchain transformation. Through subsidiary Bit Brother New York Inc., it continues scaling mining clusters while evaluating models like trusteeship for future sites to mitigate investment uncertainties. These initiatives position Bit Brother in the capital markets and financials sectors, with approximately 65 employees led by CEO Ling Sun.
Company News
BETSF Announces Commencement of Operations of the Second Mining Farm
Bit Brother Limited Plans to Appeal Delisting Determination by Nasdaq Hearing Panel