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China Xiangtai Food Co ( (BTOG) ) has issued an announcement.
Bit Origin Ltd reported its financial results for the six months ended December 31, 2024, highlighting a strategic shift from Bitcoin mining to selling Aethir Edge miners due to high operating costs in the U.S. The company saw a decrease in net loss by $4.3 million compared to the previous year, attributed to reduced impairment losses and operational changes, although it faced increased general and administrative expenses primarily due to legal and compliance costs.
More about China Xiangtai Food Co
Bit Origin Ltd is engaged in the Bitcoin mining industry, utilizing specialized computers known as miners to generate Bitcoins. The company focuses on transaction verification services to support the Bitcoin blockchain. Since June 2024, Bit Origin Ltd has shifted its strategy to become a non-exclusive sales representative of Aethir Edge miners and related hardware, marking a significant step in its revenue generation strategy within the decentralized cloud infrastructure market.
YTD Price Performance: -85.71%
Average Trading Volume: 26,107,573
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.2M
See more insights into BTOG stock on TipRanks’ Stock Analysis page.