BIT ORIGIN Ltd: Annual report (foreign issuer)
Bit Origin transitioned toward AI computing infrastructure and a Dogecoin treasury strategy while managing debt and market risks.
Mixed for the companyWhat the numbers say
Diluted EPS -$70.43 versus -$84.84; operating cash flow -$2.9M (a year earlier -$2.3M); cash rose by $1.5M to $1.6M; diluted share count up 341% (dilution).
What happened
- The company ceased Bitcoin mining in the United States in December 2023 due to high operating costs.
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