CHANGSHA, China, March 11,
2024 /CNW/ -- Bit Brother Limited ("Bit Brother,
" "We" or the "Company") (OTC Pink: BETSF), today announced its
intention to appeal the recent delisting decision issued by the
Hearing Panel of Nasdaq Stock Market ("Nasdaq").
We have recently received correspondence from shareholders
across the globe who indicted that that they believe BETSF's
recent financing activities have not harmed their
interests. And it is with their support that we will be
submitting our appeal.
As the cryptocurrency market experiences a bullish
trend, BETSF remains focused on our digital currency operations,
and shareholders are eagerly anticipating the company's growth in
this thriving market. It is precisely during this opportune moment
in the cryptocurrency market that Nasdaq's decision to
delist BETSF should be considered as detrimental to shareholder
interests. The timing of this Panel's decision is particularly
unfortunate as shareholders expect significant returns from the
company's operations in the cryptocurrency sector.
We were told on the social media platform that since the trading
of our Class A ordinary shares was suspended on Nasdaq since
March 7 many of our shareholders were
unable to trade on OTC. They told us they could only sell shares
and suffered a huge loss when the stock price fell sharply.
We intend to submit our appeal to Nasdaq no later than
March 20, 2024. During this process,
we sincerely invite all shareholders who share our concerns to
stand with us，shareholders please email us with your valuable
opinion at IR@bitbrother.com.
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations
spanning business management in China and blockchain and
cryptocurrency ventures in the United States. Within the U.S.
jurisdiction, the company strategically manages and integrates
cryptocurrency mining facilities. With a dedicated
team of specialists, company has successfully expanded two mining
ventures and is committed to further growth. For more information,
please visit: www.bitbrother.com.
Forward-Looking Statements Disclaimer
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
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SOURCE Bit Brother Limited
