Bit Brother Limited Plans to Appeal Delisting Determination by Nasdaq Hearing Panel

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Mar 11, 2024, 14:39 ET

CHANGSHA, China, March 11, 2024 /PRNewswire/ -- Bit Brother Limited ("Bit Brother, " "We" or the "Company") (OTC Pink: BETSF), today announced its intention to appeal the recent delisting decision issued by the Hearing Panel of Nasdaq Stock Market ("Nasdaq").

We have recently received correspondence from shareholders across the globe who indicted that that they believe BETSF's recent financing activities have not harmed their interests. And it is with their support that we will be submitting our appeal.

As the cryptocurrency market experiences a bullish trend, BETSF remains focused on our digital currency operations, and shareholders are eagerly anticipating the company's growth in this thriving market. It is precisely during this opportune moment in the cryptocurrency market that Nasdaq's decision to delist BETSF should be considered as detrimental to shareholder interests. The timing of this Panel's decision is particularly unfortunate as shareholders expect significant returns from the company's operations in the cryptocurrency sector.

We were told on the social media platform that since the trading of our Class A ordinary shares was suspended on Nasdaq since March 7 many of our shareholders were unable to trade on OTC. They told us they could only sell shares and suffered a huge loss when the stock price fell sharply.

We intend to submit our appeal to Nasdaq no later than March 20, 2024. During this process, we sincerely invite all shareholders who share our concerns to stand with us，shareholders please email us with your valuable opinion at [email protected].

About Bit Brother Limited

Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company has successfully expanded two mining ventures and is committed to further growth. For more information, please visit: www.bitbrother.com.

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