Bit origin limited to invest in a mining site in cheyenne, wyoming with 75 megawatts of mining power

New york, june 15, 2022 (globe newswire) -- bit origin limited (nasdaq: btog) (“bit origin” or the “company”), an emerging growth company engaged in crypto mining business with diversified expansion strategies, today announced that the company has entered into a set of definitive agreements (the “agreements”) with a private cryptocurrency mining investment fund (the “fund”), to invest us$3,000,000 in cash in exchange for 8.8235% sharing percentages of the fund. the fund will invest in a mining site with capacity up to 75 megawatts (“mw”) in cheyenne, wyoming (the “project”). the company and certain other strategic partners will act as anchor investors for the project.
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