BIT ORIGIN Ltd

BIT ORIGIN Ltd shareholders approved a 5-for-1 reverse stock split, effective August 21, 2026, at an Extraordinary General Meeting held on August 11, 2026. Shareholders also approved changing the company's name to SANGRIX INC. and increasing the authorized share capital. All proposals presented at the meeting were approved by shareholders.

Bit Origin Ltd highlighted the significant growth in the AI infrastructure market, with worldwide spending projected to reach $497 billion in 2026 and exceed $1 trillion by 2029. The company reaffirmed its strategy for deploying 16 NVIDIA Blackwell B300 AI servers in Malaysia, with deployment scheduled for Q3 2026. This initiative is supported by contracted customer demand and established hosting arrangements, leveraging Malaysia's expanding digital infrastructure market.

BIT ORIGIN Ltd. will hold an Extraordinary General Meeting on August 11, 2026, to vote on several key proposals. These include a 5-for-1 reverse stock split aimed at maintaining Nasdaq listing, a significant increase in authorized share capital from US$15,000 to US$60,000,000, and a change of the company name to "SANGRIX INC." The company previously executed a 60-for-1 reverse split in January 2026 and faces immediate delisting if it fails to meet Nasdaq's minimum bid price requirement.

Bit Origin Ltd provided an update on its initial deployment of 16 NVIDIA Blackwell B300 AI servers, confirming it remains on schedule for the third quarter of 2026 in Malaysia. The company highlighted robust industry growth projections, with worldwide AI infrastructure spending expected to reach US$497 billion in 2026 and exceed US$1 trillion by 2029. This deployment is supported by contracted customer demand and established hosting arrangements, with a five-year management agreement in place for coordination and commercialization.

Bit Origin Ltd (BTOG) has outlined its strategic priorities for fiscal 2027, including a proposed corporate name change to SANGRIX INC. The rebranding aims to align with the company's evolving focus on AI computing and digital infrastructure. The company is advancing the deployment of 16 NVIDIA Blackwell B300 AI servers, expected for delivery in Q3 2026 and deployment in Malaysia, to establish an initial recurring revenue base. The name change is subject to shareholder approval on August 11, 2026.

BIT ORIGIN Ltd will hold an Extraordinary General Meeting on August 11, 2026, to vote on several key proposals. These include changing the company name to "SANGRIX INC.", significantly increasing the authorized share capital from US$15,000 to US$60,000,000, and authorizing the Board to implement a share consolidation (reverse stock split) with an accumulative ratio of up to 4000:1. The reverse stock split is proposed to help the company maintain its listing on the Nasdaq Capital Market by meeting the minimum bid price requirement.

BIT ORIGIN Ltd is actively coordinating the deployment of acquired AI computing equipment and expects to provide operational updates. The company is also focused on strengthening its corporate governance, internal controls, and financial reporting processes, including preparing for its fiscal year 2026 annual audit. Additionally, Bit Origin is evaluating opportunities to enhance its Board of Directors and executive leadership team with experienced individuals to support its strategic initiatives and long-term growth.

Bit Origin Ltd announced the positive impact of its recent acquisition of 16 NVIDIA Blackwell B300 AI servers on its balance sheet and financial position. The acquisition, completed on June 28, 2026, for US$1.0 million in cash and US$10.0 million in equity, is expected to result in stockholders' equity of at least US$2.5 million, satisfying Nasdaq's listing requirement. This move is seen as a significant milestone for the company's strategic expansion into AI computing infrastructure, with assets expected to be delivered in Q3 2026.

BIT ORIGIN Ltd is undergoing a major strategic shift, exiting Bitcoin mining to focus on a Dogecoin treasury and expanding into AI computing infrastructure. The company acquired $11 million in NVIDIA Blackwell B300 AI servers in June 2026, with commercial operations expected in Malaysia in Q3 2026. This expansion, along with a related $11 million asset purchase, also helped the company meet Nasdaq's continued listing equity requirements. For the six months ended December 31, 2025, the company reported a net loss of $8.6 million, primarily due to a $7.7 million change in the fair value of cryptocurrencies.

Bit Origin Ltd has entered into an Asset Purchase Agreement to acquire 16 NVIDIA Blackwell B300 AI servers and related contractual rights from PT Mitra Manunggal Sangkara. The total consideration for the acquisition is $11 million, comprising $1 million in cash and $10 million in pre-funded warrants. This strategic acquisition is expected to generate approximately $360,000 in recurring monthly revenue upon deployment in Malaysia, marking a significant step in the company's expansion into AI computing infrastructure.