Bit Origin Ltd Announces Monthly Production and Operation Update for November 2022
New York, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an emerging growth company engaged in the crypto mining business with diversified expansion strategies, today provided its monthly production and operation update for November 2022.
- New York, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an emerging growth company engaged in the crypto mining business with diversified expansion strategies, today provided its monthly production and operation update for November 2022.
- “Our production in November 2022 was negatively affected by the strong volatility of the bitcoin price and high energy costs.
- Bit Origin started bitcoin mining in mining sites in Georgia and Indiana in May and June 2022, respectively.
- As of November 30, 2022, the Company has ongoing operations in two mining sites and expects to initiate operation in December 2022 in one mining site under development.