Bit Origin (NASDAQ: BTOG) lifts equity on NVIDIA AI server deal announcement.
Bit Origin Ltd (NASDAQ: BTOG) has completed a strategic acquisition of sixteen NVIDIA Blackwell B300 AI servers to strengthen its balance sheet and reinforce compliance with Nasdaq listing requirements.
The company acquired the servers and related contractual rights on June 28, 2026, for US$1.0 million in cash and US$10.0 million in equity. Based on its current assessment and expected accounting treatment, Bit Origin believes the transaction brings its stockholders' equity to at least US$2.5 million as of its interim report filing date, satisfying the stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1).
The servers are expected to be delivered in the third quarter of 2026 and will support the company's planned AI computing infrastructure operations. The acquisition represents a material step in Bit Origin's strategic expansion into high-performance computing and digital infrastructure.
"This transaction represents much more than the acquisition of AI infrastructure," said Jinghai Jiang, Chairman and Chief Executive Officer of Bit Origin. "We believe it materially strengthens our balance sheet while establishing a solid financial foundation for the next stage of our growth. At the same time, it advances our strategic expansion into AI computing infrastructure and positions Bit Origin to capitalize on the growing global demand for high-performance computing resources."
Jiang added: "We remain committed to disciplined capital allocation and creating long-term value for our shareholders. We believe this transaction enhances our financial flexibility while providing a scalable platform from which we intend to continue expanding our AI infrastructure business."
Bit Origin is an emerging growth company focused on AI computing infrastructure, digital asset innovation and blockchain-based strategies. The company is expanding into GPU computing services, data center operations and other digital infrastructure opportunities.