Bit Origin Ltd (NASDAQ:BTOG) ("Bit Origin" or the "Company"), an emerging growth company focused on AI computing infrastructure, digital asset innovation and blockchain-based strategies, today highlighted the positive impact of its recently announced strategic AI infrastructure acquisition on the Company's balance sheet and financial position.
As previously announced, the Company completed the acquisition of sixteen (16) NVIDIA Blackwell B300 AI servers, together with related contractual rights, on June 28, 2026 for aggregate purchase right of US$1.0 million in cash and US$10.0 million in equity. The transaction and its financial impact are further described in the Company's interim financial statements filed on June 30, 2026.
Based on the Company's current assessment of the transaction and the accounting treatment expected to be applied, the Company believes that its stockholders' equity is at least US$2.5 million as of the date of its interim report filing, which the Company believes satisfies the stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1).
The Company believes the transaction represents an important milestone in both its strategic expansion into AI computing infrastructure and the strengthening of its financial position. The acquired assets are currently expected to be delivered during the third quarter of 2026 and, following deployment, are expected to support the Company's planned AI computing infrastructure operations.