China Xiangtai Food Co. Halts Bitcoin Mining
Company Announcements

China Xiangtai Food Co. Halts Bitcoin Mining

China Xiangtai Food Co (BTOG) has released an update.

China Xiangtai Food Co., previously engaged in Bitcoin mining, has ceased its operations due to high costs and is now seeking new mining facilities in the U.S. The company, which underwent a reverse share split and holds various subsidiaries, reported a six-month revenue of approximately $2.9 million from mining activities, but faces a $6.8 million operational loss due to significant impairment losses on mining equipment.

For further insights into BTOG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyBit Origin files to sell 55.68M ordinary shares for holders
TheFlyBit Origin Ltd trading resumes
TheFlyBit Origin Ltd trading halted, volatility trading pause
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App