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CHANGSHA, China, Nov. 29, 2023 /PRNewswire/ — Bit Brother Limited (the “Company,” “we,” “us,” or “Bit Brother”) (NASDAQ: BETS) is pleased to announce significant achievements related to its 6 MW Mining Fleet at 1968 N Access Rd, Clyde, TX 79510. In the last 11 months, the facility has generated a total price of over 120 BTC. Starting operations on January 17, 2023, the mining farm reached its full capacity of 6 MW after installing 1. 5 MW mining servers in May. Despite the demanding Texas summer heat situations, the effects lived up to expectations, thanks to the mining team’s professionalism in troubleshooting, managing server operations, managing power outages, and overall supervision. operations.
The company’s second 2-acre mining farm, located at 5418 Lockheed Way, Abilene, TX 79603, is in the final stages of infrastructure development. This includes the finishing touch to the structure and status quo of the warehouse, mining boxes, and related infrastructure. Scheduled for December, the traditional power transformers and soundproof walls are expected to be delivered and installed in December. Operations are expected to begin in January, provided the aircraft are inspected and accepted and preparatory responsibilities have been completed by then. The initial batch involved the acquisition of approximately 1,500 mining servers, with an estimated output of 0. 4 BTC, assuming the optimal capacity of all machines.
The company seeks to offer as much transparency as possible about its Bitcoin mining operations. The link below reflects the Bitcoins we mined in real-time:
https://www. blockchain. com/explorer/addresses/btc/37frzvqQeAzf6hWj4J9zrEzZf4WJoo3sRR
About Bit Brother Limited
Bit Brother Ltd is a multifaceted company whose control spans in China and blockchain and cryptocurrencies in the United States. Within the jurisdiction of the U. S. , the company manages and strategically integrates cryptocurrency mining facilities. Thanks to a committed team of specialists, the company has effectively developed two mining corporations and is committed to continuous growth. For more information, please visit: www. bitbrother. com.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do 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 could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. These risks and uncertainties include, but not are limited to, the risk factors described by BETS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:
Local government policies and regulatory oversight of cryptocurrency mining operations and our operations;
BETS’s crypto mining business is still developing, with many uncertainties about the long-term direction and integration of other BETS business segments;
Inability to manage the introduced cryptocurrency mining business well;
Not having access to a large amount of moderately priced electrical power could especially increase BETS’ operating expenses and negatively impact BETS’ mining operations;
Any significant or prolonged failure of the cryptocurrency mining services that BETS operates or provides, adding events beyond its control, would result in significant pricing and disruptions and diminish the attractiveness of its services, damage its trading reputation, and have an adverse effect. its operating results;
Security breaches or suspected security breaches of our cryptocurrency mining servers may simply disrupt BETS operations and have an adverse effect on its business, monetary condition, and effects of operations; and
Fluctuation in the value of cryptocurrencies;
Other dangers and uncertainties set forth in BETS’ reports or SEC filings or to be filed with the SEC through BETS.
Accordingly, forward-looking statements should not be relied upon to represent our prospects at a later date, and you deserve not to place undue reliance on such forward-looking statements when deciding whether to invest in our securities. We assume no liability to update any forward-looking statements to reflect occasions or events after the date on which they are made, whether as a result of new information, long-term occasions or otherwise, as required by applicable securities laws.
Contact: contactus@bitbrother. com, 86-0731-82290658
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SOURCE Bit Brother Limited