CHANGSHA, China, Jan. 17, 2023 /PRNewswire/ — On December 22, 2022, Bit Brother Restricted (the “Firm,” “we”, “BTB” or “Bit Brother”) (NASDAQ: BTB), by its subsidiary Bit Brother New York Inc (“BTB NY”), bought 1,400 S19J Professional cryptocurrency mining servers from Grand Flourish Inc. for an combination buy value of US$2,329,600. Every server has a hash fee of approximate 100 TH/S. All servers are new with a guaranty of 6 months. As of at present all 1,400 servers have been delivered. BTB began working these servers. Through the use of the information from Ultimuspool, a mining pool resolution, and the settlement technique of Full Pay Per Share (FPPS), we estimate that our servers can generate a complete worth of 0.4717 BTC per day, and thus roughly 14.15 BTC monthly, assuming all these machine function as anticipated.
Mr. Ralph Jones, the CEO of Bit Brother New York Inc., commented, “the supply and operation of the 1,400 servers is a milestone for Bit Brother’s enterprise transformation. BTB intends to offer varied cryptocurrency and blockchain companies sooner or later to higher serve the market and its shareholders.”
About Bit Brother Restricted
Bit Brother Restricted (previously often called City Tea, Inc.) was included within the British Virgin Islands as an organization with restricted legal responsibility on November 28, 2011. Our enterprise at present consists of the distribution and retail of specialty tea merchandise. We now have performed analysis and planning of our blockchain know-how and cryptocurrency mining enterprise since 2021. For extra info, please go to: www.bitbrother.com
This press launch incorporates sure statements that will embody “forward-looking statements.” All statements aside from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology similar to “believes,” “expects” or related expressions, involving identified and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. You shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of a wide range of elements. These dangers and uncertainties embody, however not are restricted to, the danger elements described by BTB in its filings with the Securities and Trade Fee (“SEC”). These danger elements and people recognized elsewhere on this press launch, amongst others, may trigger precise outcomes to vary materially from historic efficiency and embody, however should not restricted to:
Native authorities’s insurance policies and regulatory oversight of cryptocurrency mining operations and our different operations;
BTB’s cryptocurrency mining enterprise continues to be below improvement, with many uncertainties sooner or later route and integration of BTB’s different enterprise segments;
Failure to handle the newly launched cryptocurrency mining enterprise successfully;
Failure to entry a big amount of energy at affordable prices may considerably enhance BTB working bills and adversely have an effect on demand for BTB’s mining actions;
Any important or extended failure within the cryptocurrency mining amenities that BTB operates or companies it supplies, together with occasions past its management, would result in important prices and disruptions and would scale back the attractiveness of its amenities, hurt its enterprise fame and have a fabric adversarial impact on its outcomes of operation;
Safety breaches or alleged safety breaches of our cryptocurrency mining servers may disrupt BTB operations and have a fabric adversarial impact on its enterprise, monetary situation and outcomes of operation; and
Fluctuation of the crypto value;
Different dangers and uncertainties indicated in BTB’s SEC experiences or paperwork filed or to be filed with the SEC by BTB.
Accordingly, forward-looking statements shouldn’t be relied upon as representing our views as of any subsequent date, and you shouldn’t place undue reliance on these forward-looking statements in deciding whether or not to put money into our securities. We don’t undertake any obligation to replace forward-looking statements to replicate occasions or circumstances after the date they had been made, whether or not because of new info, future occasions or in any other case, besides as could also be required below relevant securities legal guidelines.
SOURCE Bit Brother Restricted