Bit Origin Acquires Approximately $11M Nvidia AI Infrastructure Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Bit Origin (BTOG) announced the acquisition of approximately $11M of Nvidia (NVDA) Blackwell B300 AI infrastructure assets. The acquired assets consist of 16 NVIDIA Blackwell B300 AI servers that have already been purchased by the seller and are currently expected to be delivered during the third quarter of 2026. Upon delivery, the servers are expected to be deployed at a data center facility in Malaysia pursuant to previously executed hosting arrangements. The company has also acquired the benefit of previously executed customer deployment arrangements relating to the infrastructure. Based on these customer agreements, the company expects the B300 servers, following their expected delivery and deployment, to generate approximately $360,000 in recurring monthly revenue before operating expenses. The aggregate purchase price consists of $1M in cash and $10M in equity, in the form of pre-funded warrants issued by the company.
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About BTOG
Bit Origin Ltd is a holding company. The Company through its subsidiary, SonicHash LLC (SonicHash US), it is engaged in Bitcoin mining in the United States. It uses computers called miners to generate Bitcoins, a type of digital asset (also known as a cryptocurrency). It focuses on existing layouts and mining sites in the United States (US). The Company 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Expectations: Based on customer deployment agreements, Bit Origin anticipates that the B300 servers will generate about $360,000 in recurring monthly revenue, which not only boosts the company's cash flow projections but also lays a foundation for future financial stability.
- Funding Structure: The total purchase price of $11 million includes $1 million in cash and $10 million in the form of pre-funded warrants, a flexible funding structure that helps the company maintain liquidity while expanding its operations.
- Strategic Expansion Direction: In April 2026, Bit Origin announced its strategic expansion into AI computing infrastructure and GPU computing services, indicating the company's intent to diversify beyond digital asset mining to adapt to market changes and technological advancements.
See More
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- Revenue Expectations: The 16 servers are projected to generate approximately $360,000 in recurring monthly revenue before operating expenses upon delivery, establishing an initial foundation for the company's AI infrastructure business and enhancing its competitiveness in the rapidly growing AI ecosystem.
- Customer Agreements: The acquisition includes not only the servers but also contracted customer deployment and hosting arrangements, ensuring commercial operations of the infrastructure and further solidifying the company's position in the high-performance GPU infrastructure market.
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See More
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See More
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- Revenue Expectations: Based on customer deployment agreements, Bit Origin anticipates that the B300 servers will generate about $360,000 in recurring monthly revenue, which not only boosts the company's cash flow projections but also lays a foundation for future financial stability.
- Funding Structure: The total purchase price of $11 million includes $1 million in cash and $10 million in the form of pre-funded warrants, a flexible funding structure that helps the company maintain liquidity while expanding its operations.
- Strategic Expansion Direction: In April 2026, Bit Origin announced its strategic expansion into AI computing infrastructure and GPU computing services, indicating the company's intent to diversify beyond digital asset mining to adapt to market changes and technological advancements.
See More
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- Revenue Expectations: The 16 servers are projected to generate approximately $360,000 in recurring monthly revenue before operating expenses upon delivery, establishing an initial foundation for the company's AI infrastructure business and enhancing its competitiveness in the rapidly growing AI ecosystem.
- Customer Agreements: The acquisition includes not only the servers but also contracted customer deployment and hosting arrangements, ensuring commercial operations of the infrastructure and further solidifying the company's position in the high-performance GPU infrastructure market.
- Future Growth Potential: Management believes that as global demand for AI computing resources accelerates, this transaction will provide a scalable platform to support ongoing expansion into AI infrastructure, GPU computing services, and data center operations.
See More
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- Compliance Notification: Bit Origin received a notification from Nasdaq on February 9, 2026, confirming that it has regained compliance with the minimum bid price requirement, marking a significant advancement in the company's compliance status and enhancing investor confidence.
- Positive Market Reaction: This compliance recovery news is likely to boost Bit Origin's stock performance, attracting more investor attention and improving the company's market image and financing capabilities.
- Future Growth Potential: With the restoration of compliance, Bit Origin is expected to gain more opportunities for future financing and business expansion, particularly in the rapidly evolving digital asset sector.
- Strategic Implications: Regaining compliance not only stabilizes the company's operations but may also lay the groundwork for future strategic partnerships and market expansion, enhancing overall competitiveness.
See More
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- Regulatory Standards: The company met the necessary standards set by NASDAQ to maintain its listing status.
See More
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- Shareholder Approval: On March 14, 2025, shareholders approved a reverse split ratio between 1-for-2 and 1-for-200, granting the board the authority to set the final ratio before March 14, 2026, demonstrating flexibility under shareholder support.
- Market Reaction: Following the reverse split announcement, Bit Origin's stock plummeted 32% on Thursday to its lowest point in nearly nine months, reflecting market concerns about the company's future compliance capabilities, with investor sentiment remaining bearish.
- Compliance Challenges: Although the reverse split aims to assist the company in regaining Nasdaq compliance, the CEO cautioned that there is no assurance of maintaining compliance, highlighting ongoing challenges and uncertainties faced by the company.
See More
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting the company's compliance with Nasdaq's minimum bid price requirement to ensure continued listing.
- Impact on Shares: The reverse split will reduce the company's outstanding Class A shares from approximately 88.6 million to about 1.5 million, while Class B shares will decrease from 768,000 to 12,800, significantly enhancing the per-share value.
- New CUSIP Number: Following the reverse split, the new CUSIP number for Class A shares will be G21621134, ensuring investors can accurately identify and trade the new shares.
- Management Statement: CEO Jinghai Jiang stated that this move is intended to enhance the company's compliance and stability in the capital markets, thereby laying a foundation for future growth.
See More
