BIT ORIGIN Ltd (BTOG) Form 6-K — Jun 29, 2026
Bit Origin Ltd entered into a Material Definitive Agreement to acquire sixteen NVIDIA Blackwell B300 AI servers and related customer contracts from PT Mitra Manunggal Sangkara for an aggregate consideration of $11 million. The purchase price consists of $1 million in cash and $10 million in pre-funded warrants exercisable for approximately 6.46 million Class A ordinary shares, representing significant equity dilution relative to the company's current outstanding shares of approximately 2.7 million.
Key figures
- Deal Value Usd
- 11000000
- Gross Proceeds
- 10000000
- Shares Offered
- 6457863
- Servers Acquired
- 16
- Cash Consideration
- 1000000
- Indemnification Cap
- 1000000
- Expected Monthly Revenue
- 360000
AI analysis
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