Bit Brother Increased Its Investment in Blockchain Field and Entered Brokerage Agreement to Purchase 400 Mining Rigs with Estimated Hash Rate of 40,000 TH/S

Provided By PR Newswire

Last update: Jan 27, 2023

CHANGSHA, China, Jan. 27, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", "BTB" or "Bit Brother") (NASDAQ: BTB), through its subsidiary Bit Brother New York Inc ("BTB NY"), entered into brokerage agreement with Blockworx1, LLC to purchase 400 S19J Pro cryptocurrency mining servers . All 400 servers are expected to be delivered within 21 days. Each server has a hash rate of approximate 100 TH/S. As of today, BTB NY has 1,400 S19J Pro in operation. With the additional 400 servers, by using the data from Ultimuspool, a mining pool solution provider, and the settlement method of Full Pay Per Share (FPPS), we estimate that our servers can generate a total value of 0.6065 BTC per day, and thus approximately 18.19 BTC per month, assuming all these machines operate as expected.