Bit Brother Limited Class A Ordinary Shares

BETS

Market cap $1.74M

Bit Brother (NASDAQ: BETS) stock price staged a major comeback on Wednesday, becoming one of the top gainers. It jumped by more than 71% in an extremely high-volume environment even as the company made no headlines.

Obscure and highly speculative blockchain venture Bit Brother (NASDAQ: BETS ) is finally in the news for a good reason. During the midweek session, BETS stock is soaring as the underlying benchmark cryptocurrency asset nears an all-time high.

Bit Brother (BETS) stock short sellers have prevailed as the company faces delisting from the Nasdaq exchange. The stock has already plunged by more than 74% this year, making it one of the worst performers in Wall Street.

Bit Brother (BETS), Phunware (PHUN), and Mullen Automotive (MULN) are troubled companies whose stocks have plunged by over 90% from their all-time highs. They are penny stocks with little institutional investor ownership.

CHANGSHA, China, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (Nasdaq:  BETS ), today announced that it has received a notice (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”) on January 30, 2024 notifying the Company that the Nasdaq Staff (“Staff”) had determined to delist the Company's securities from Nasdaq in accordance with its authority under Nasdaq Listing Rule 5101. Nasdaq based its determination upon concerns raised by the issuance of certain warrants with cashless exercise provisions in two registered offerings by the Company on October 25, 2023 and December 5, 2023 and the associated public interest concerns raised by such transactions.

CHANGSHA, China , Jan. 25, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) is pleased to announce that all equipment for the operation of our second cryptocurrency mining farm have been delivered. Due to the extremely cold weather in mid-January in Texas some of the equipment delivery which were expected to be delivered before January 10, 2024 were not delivered until January 19, 2024.

CHANGSHA, China , Jan. 15, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) announced its unaudited mining farm operation results for the calendar year 2023 ended December 31, 2023. The Company currently operates two mining farms in the U.S. Site 1 at Clyde Texas started operations on January 17, 2023 and reached full 6MW capacity in last May after installing 1.5 MW miner servers.

Bitcoin mining stocks are in a freefall. Marathon Digital (MARA) stick price is on track for the third straight weekly decline even after the SEC approved a spot Bitcoin ETF.

Bit Brother (NASDAQ: BETS) stock price has been in a freefall even as its popularity among day traders has risen. While the shares jumped by 13% on Monday, they remain near their record low.

CHANGSHA, China , Jan. 2, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS) announced the execution of a consulting agreement with Cruxforce, LLC, aiming to find a mining farm with sufficient power supply for the third site. In December 2023, Bitcoin once again sparked a remarkable surge, surpassing $45,000 per coin.