Bit origin limited announces closing of $5 million underwritten public offering of ordinary shares

New york, june 07, 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 the closing of an underwritten public offering of 9,803,922 ordinary shares, at an offering price of $0.51 per ordinary share. the company received gross proceeds of approximately $5 million, before underwriting discounts and estimated offering expenses. the company intends to use the net proceeds from the offering for working capital and general business purposes.
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