BTOG continues to trend green early and this could be a major sign of what's to come.

SmallCapFirm

Continuing Its Strong Green Trend, (BTOG) Nears Its 50-Day SMA As Breaking News Keeps Circulating

June 1st

SCF Readers,

BTOG continues to trend green early and this could be a major sign of what's to come.

Already trading above several lines of potential support, BTOG could be ready to make a push towards its 50-Day Simple Moving Average $.98+).

If that line breaks down along with traditional resistance at $1.00, this Nasdaq idea could draw serious attention today.

And on top of that, the company dropped this huge news earlier: Bit Origin Limited Signs Letter of Intent to Purchase 750 Bit-coin Miners with Total Hash Rate of 75,000 TH/s

Take a moment now to read my initial BTOG report below and get this Nasdaq profile on your radar quickly today.

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*Bit Origin Limited (NASDAQ: BTOG)*

Bit Origin Limited is an emerging growth company operating in the United States and engaged in the cryp-to mining business. The Company is also actively deploying block-chain technologies, alongside diversified expansion strategies.

And right now BTOG has multiple potential breakout catalysts you must be aware of:

No. 1 - Signing Of LOI To Acquire Equity Interest In Horizon Mining Ltd

No. 2 - Company Announces Game-Changing Alliance With Horizon Mining Ltd

No. 3 - An Explosive Chart History

No. 4 - Company Rebranding Could Provide New Exposure And Draw Serious Attention

But more on those in a second...

Just Who Is Bit Origin (BTOG)?

Bit Origin is an emerging block-chain company managed by a group of experienced business builders across various industry spectrums : Cryp-to, Fi-nance, Block-chain networks.

They focus on diversified expansion strategies with building a Bit-coin mining ecosystem as their backbone.

Their Growth Strategy

  • Strategic supply agreement with advanced miner manufacturers
  • Incubation and acquisition of mining facilities
  • Manufacture of miners and cloud mining driven by in-house R&D
  • Add-on in-vestment in Web 3.0

Their Mission

  • Shaping the future of block-chain ecosystem in a sustainable way

Their Vision

  • To become the leading Bit-coin mining company through innovations

Bit Origin connects the past with the shared future...

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Capital Market Activities in the Cryp-to Industry are Gaining Momentum

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The Global Cryp-tocurrency Mining Market is Booming (1)

The market is growing with the C-A-G-R of

  • 7.8%

by 2029, market size is expected to reach

  • $2,263Mn

Incremental growth over 2022 to 2029 is expected to be

  • $926Mn

Web 3.0 App's? Block-chain Tech Provides Key Features

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Endeavors into Web 3.0 Differentiates Them from Others

  • Their management team boast unmatched in-vestment return in the broader block-chain and Web 3.0 ecosystem = enhance shareholder value
  • Block-chains participation: powering and securing new block-chains, protocols, and networks is coded in their GENES
  • Metaverse and NFTs, De-Fi: Bottom-up analysis for early-stage innovative projects
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Find more from the company presentation here.

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And right now, BTOG has multiple potential catalysts to absorb right now.

No. 1 BTOG Potential Catalyst - Signing Of LOI To Acquire Equity Interest In Horizon Mining Ltd

Bit Origin Limited Intends to In-vest in an Operator of a Cryp-tocurrency Mining Site in Macon, Georgia

The Company expects to obtain 9.49 megawatts cryp-tocurrency mining capacity with a hash rate of 316PH/s

New York, May 25, 2022 (GLOBE NEWSWIRE) -- Bit Origin Limited (NASDAQ: BTOG) (“Bit Origin” or the “Company”), an emerging growth company engaged in cryp-to mining business with diversified expansion strategies, today announced that the Company has entered into a Letter of Intent (“LOI”) to acquire 30.62% equity interest in Horizon Mining Ltd (“HML”), an operator of a cryp-to mining site located at Macon, Georgia to further facilitate Bit Origin’s strategic development process. The potential acquisition is expected to increase the Company’s cryp-tocurrency mining capacity by 9.49 megawatts (“MW”) with a hash rate of 316PH/s, which represents approximately 40 Bit-coins would be mined per month at full capacity.

Pursuant to the LOI, the Company agrees to acquire 30.62% of the equity interests of HML in exchange for consideration having an aggregate value of US$4.25Mn+. The Company expects to enter into a definitive agreement and expects the acquisition to be completed in the coming months, subject to the customary conditions. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate.

Chief Executive Officer of Horizon Mining Ltd commented, “We are extremely excited about the potential opp. to collaborate with Bit Origin in our Georgia facility, as both parties share a vision for the future of Bit-coin mining in the United States. The resources Bit Origin brings, combined with our strength in mining operation, would allow us to achieve a shared growth potential.

Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company, commented, “The acquisition proposal of HML would be one of the most significant achievements in Bit Origin’s growth to date and a solid milestone to achieve the Company’s development goal of becoming a leading Bit-coin mining company once the transaction is completed. HML is our long last strategic partner in the United States, and such an in-vestment decision truly deepens our relationship for better collaborations in the future. The assets and sophisticated operation team acquired from HML will create financial and operational synergies and diversifies the Company’s risk and revenue model to become a cryp-to mining operator and hosting service provider. We are excited to enter the mining hosting sector to further enhance our competitive advantages in mining operation expertise while expanding our landscape in the US.

Read the full article here.

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No. 2 BTOG Potential Catalyst - Company Announces Game-Changing Alliance With Horizon Mining Ltd

Bit Origin Ltd. Announces New Alliance to Secure 6.1 Megawatt Cryp-tocurrency Mining Capacity and Initial Deployment of 868 miners in Georgia, U.S.

New York, May 05, 2022 (GLOBE NEWSWIRE) -- China Xiangtai Food Co., Ltd. (NASDAQ: BTOG) ("China Xiangtai " or the "Company") (new name Bit Origin Limited pending name registration), an emerging growth company engaged in cryp-to mining business with a diversified expansion strategy, today announced that it has entered into a hosting agreement (the “Agreement”) with Horizon Mining Ltd (“Horizon”), an American operator of cryp-to mining site located in Georgia, U.S., on May 1, 2022, to secure its cryp-tocurrency mining capacity of up to 6.1 megawatt (“MW”). In addition, the Company also announced that its first batch of 868 miners will be deployed in Georgia, U.S. on May 5, 2022.

The site is located in Georgia Center for Innovation & Manufacturing in Macon City, Georgia. The Company expects to have its final inspection and power-up on the site today. The first batch of 868 miners will be deployed simultaneously and expected to operate and mine Bit-coin once finished all required work.

The hosting team will prepare for initiating the mining operations by setting up the miners and performing the final testing. In addition, the next batch of 560 miners will be deployed in the second week of May 2022. Running at full capacity, the total of 1,428 miners, representing a hash power of 132PH/s, are expected to mine 0.56 BTC per day or generate daily revenue of approximately US$22k... We expect to see revenue of approximately US$5Mn for 2022 from these miners only.

Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company, commented, “We are excited to announce that the operation of cryp-tocurrency miners marks the new era of the Company and accelerates the Company’s expansion strategy in North America. We expect to deepen the collaboration with Horizon to expand further as we deploy more miners in the near future. We are confident that we will be able to grow significantly and deliver greater value to shareholders.

Read the full article here.

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No. 3 BTOG Potential Catalyst - An Explosive Chart History

What else can I say?

Take a look at BTOG's 1-year chart:

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See that?

Towards the 2nd half of November 2021, this profile caught fire and surged strongly in a short period of time.

From a low of $1.21 on 11/22/21, it ran to a high of $3.11+ on 12/13/21.

When the dust had settled, this Nasdaq idea had surged roughly 157%.

Could we see that type of effort again in the near term?

As of close on Tuesday, BTOG was trading above its 5-Day Simple Moving Average (SMA) and its 20-Day SMA.

With BTOG trending green recently, it may be on the verge starting another vertical charge.

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No. 4 BTOG Potential Catalyst - Company Rebranding Could Provide New Exposure And Draw Serious Attention

Bit Origin Limited Completes Name Change from China Xiangtai Food Co., Ltd. in Rebranding Initiative

New York, May 24, 2022 (GLOBE NEWSWIRE) -- Bit Origin Limited (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an emerging growth company engaged in cryp-to mining business with diversified expansion strategy, today announced that it has completed its holding company name change from China Xiangtai Food Co., Ltd. as a part of the rebranding that comes as the Company embraces a series of business transformations into the cryp-to mining industry. The name change became effective on May 18, 2022.

Bit Origin has also introduced a new corporate logo. The letters “b” and “o” in the new Bit Origin logo feature an infinite chain sign, which symbolize continuous growth trend of the Company and the cryp-to mining industry while connecting technologies, talents, innovations and resources.

Additionally, the Company has launched its new corporate website at bitorigin.io on May 11, 2022...

Mr. Lucas Wang, Chairman and Chief Executive Officer of the Company, commented, “The name, Bit Origin Limited, clearly represents the Company’s strategic mission and vision. Our mission is shaping the future of block-chain ecosystem in a sustainable way, and our vision is to become the leading Bit-coin mining company through innovations. The new name provides a more independent front as we continue to grow and build upon the business in the cryp-to mining industry.

Read the full article here.

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Nasdaq Profile BTOG Recap - 4 Key Potential Catalysts Lead The Way

No. 1 - Signing Of LOI To Acquire Equity Interest In Horizon Mining Ltd

No. 2 - Company Announces Game-Changing Alliance With Horizon Mining Ltd

No. 3 - An Explosive Chart History

No. 4 - Company Rebranding Could Provide New Exposure And Draw Serious Attention

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Coverage is officially initiated on BTOG. When you have time later, do this:

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Get BTOG on your radar now.

Sincerely,

Axel Adams

Editor, SCF


Source 1


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

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