Bit Brother Limited to appeal delisting determination by Nasdaq Hearing Panel

Bit Brother Limited announced its intention to appeal the recent delisting decision issued by the Hearing Panel of Nasdaq Stock Market. “We have recently received correspondence from shareholders across the globe who indicted that that they believe BETSF’s recent financing activities have not harmed their interests,” the company said. “And it is with their support that we will be submitting our appeal. As the cryptocurrency market experiences a bullish trend, BETSF remains focused on our digital currency operations, and shareholders are eagerly anticipating the company’s growth in this thriving market. It is precisely during this opportune moment in the cryptocurrency market that Nasdaq’s decision to delist BETSF should be considered as detrimental to shareholder interests. The timing of this Panel’s decision is particularly unfortunate as shareholders expect significant returns from the company’s operations in the cryptocurrency sector. We were told on the social media platform that since the trading of our Class A ordinary shares was suspended on Nasdaq since March 7 many of our shareholders were unable to trade on OTC. They told us they could only sell shares and suffered a huge loss when the stock price fell sharply. We intend to submit our appeal to Nasdaq no later than March 20, 2024.”