Bit Origin Ltd (BTOG) Financial

Bit Origin Ltd. operates as an emerging growth company which engages in crypto mining business. The company employs 5 full-time employees. The company went IPO on 2019-08-14. The firm through its subsidiary, SonicHash LLC (SonicHash US), is engaged in Bitcoin mining in the United States. The company uses computers called miners to generate Bitcoins, a type of digital asset (also known as a cryptocurrency). The company focuses on existing layouts and mining sites in the United States (US). The firm does not have miners for other cryptocurrencies. The Company’s subsidiaries include SonicHash Inc, SonicHash Pte. Ltd., and SonicHash LLC. SonicHash US has approximately 3,200 miners with a hash power of over 304.8 petahashes per second (PH/s) deployed in a Cheyenne, Wyoming facility and has delivered over 1,050 miners with a hash power of around 99.1 PH/s to the same facility, ready for deployment with Phase II of the mining facility.