NEW YORK, Feb. 23, 2024 (GLOBE NEWSWIRE) — Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Company”), an emerging growth company engaged in the crypto mining business with diversified expansion strategies, today announces it has entered into a Strategic Alliance Agreement (“Agreement”) with Mner.Club for crypto miner deployment. According to the Agreement, Bit Origin and Mner.Club will collaborate in the areas of crypto mining machine deployment and hosting, and Bit Origin will provide crypto mining consulting and hosting service provider selection services to Mner.Club.
Mner.Club has recently unveiled its Mineral Project (“Project”), introducing inscription assets that adopt the BRC-20 and BRC-420 standards. This initiative involves the deployment of crypto mining machines, enabling holders to earn periodic distributions in a variety of assets, including Bitcoin, through staking.
The Project aims to continuously distribute earnings to users by increasing the treasury’s RWA holdings, initially the mining machines. With a focus on a DeFi flywheel and sustainable yield incentives, it introduces a new paradigm for DeFi, emphasizing good composability and injecting foundational yield-generating assets into the DeFi sector.
Lucas Wang, Chairman and Chief Executive Officer of Bit Origin commented, “We are very pleased to partner with Mner.Club. This collaboration has shown that our operational level is recognized by the industry. Bringing on Mner.Club is extremely exciting and we look forward to partnering.”
About Bit Origin Ltd
Bit Origin Ltd, formerly known as China Xiangtai Food Co., Ltd., is an emerging growth company operating in the United States and engaged in the cryptocurrency mining business. The Company is also actively deploying blockchain technologies alongside diversified expansion strategies. For more information, please visit https://bitorigin.io.
Company Contact
Bit Origin Ltd
Mr. Lucas Wang, Chairman and Chief Executive Officer
Email: ir@bitorigin.io
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Source: Bit Origin Ltd
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