Posted 12/7/2023, 5:01:36 PM
Bit Brother Stock Plunges 37% After Announcing $12 Million Offering to Fund New Texas Crypto Mining Farm
- Bit Brother (BETS) shares down 37% to $0.022 on Thursday after announcing $12M direct offering
- Offering includes 184M shares at $0.065 plus warrants with option to buy more shares
- Bit Brother obtained certificate to operate new 2-acre crypto mining farm in Texas
- Aims to start mining operation in 2024, hopes to produce 12 Bitcoin per month
- Bit Brother stock has 52-week high of $0.66 and low of $0.021