BIT ORIGIN Ltd (BTOG) Form 6-K — Jun 30, 2026
Bit Origin Ltd reported zero revenue and a net loss of approximately $8.6 million for the six months ended December 31, 2025, bringing its accumulated deficit to $106.6 million with negative shareholders' equity of $1.8 million. The filing explicitly raises substantial doubt about the company's ability to continue as a going concern, with only $484,970 in cash as of December 31, 2025, though management believes recent financing arrangements including a $400 million equity purchase facility have alleviated these concerns.
Key figures
- Revenue
- 0
- Total Debt
- 14433480
- Total Assets
- 12912203
- Cash Position
- 484970
- Dogecoin quantity
- 70543745
- Reverse split date
- 2026-01-20
- Accumulated deficit
- 106648626
- Asset purchase cash
- 1000000
- Reverse split ratio
- 1:60
- Epfa facility amount
- 400000000
- Cryptocurrencies value
- 8274781
- Nvidia server purchase
- 11000000
- Prefunded warrant shares
- 6457863
- Deemed dividend down round
- 9714331
- Asset purchase warrants value
- 10000000
- Net cash provided by financing
- 3362532
- Convertible debentures fair value
- 14433480
- June 2026 convertible notes total
- 10000000
- April 2026 convertible notes total
- 5000000
- June 2026 convertible notes initial closing
- 2000000
- April 2026 convertible notes initial tranche
- 500000
AI analysis
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