Bit Origin

Bit Origin has announced a 1-for-5 reverse stock split effective Thursday, and will trade consolidated under the ticker BTOG starting August 21, 2026. Outstanding Class A common shares will be reduced from 3,999,568 to approximately 799,914 and Class B shares from 105,211 to approximately 21,043; the new CUSIP is G21621209. The measure is intended to satisfy NASDAQ’s minimum bid price requirement; outstanding options, warrants and other subscription rights will be adjusted accordingly. Fractional shares will not be issued; affected shareholders will receive a whole share instead. » More on de.investing.com

Bit Origin announced a planned rebranding to Sangrix that must be approved by shareholders at an extraordinary general meeting on 11 August 2026. For fiscal year 2027 the focus is on delivery and commissioning of 16 NVIDIA Blackwell B300 AI servers, which are to be installed in a data center in Malaysia in the third quarter of 2026. Once operational, the servers are intended to form the basis for recurring revenues from AI compute infrastructure; the company is also exploring business areas such as GPU computing, server leasing and storage infrastructure. There is no guarantee shareholders will approve or that the rebranding will be completed; further details will be provided after the general meeting and upon reaching operational milestones. » More on de.investing.com

Bit Origin has secured strategic financing to allow the company to assess a possible expansion into AI-powered compute, storage infrastructure and cooling services. The funds are intended to be used to evaluate and potentially develop leasing, management and optimization offerings for GPU-based systems and server infrastructure. Bit Origin emphasizes that actual implementation depends on further financing, commercial agreements, qualified personnel and market conditions and that there are no guarantees. Following the announcement, the share price rose by about 70%. » More on de.investing.com