Bit Origin Ltd Announces Strategic Partnership with Aethir to Become a Sales Representative, Entering the Field of AI Computing Power, GPU, and Edge Computing
07 Junio 2024 - 8:00AM
Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an
emerging growth company engaged in the crypto mining business with
diversified expansion strategies, today announces that it has
signed a strategic agreement to become a sales representative for
Aethir, the premier enterprise-focused distributed graphics
processing units (“GPU”) cloud provider.
Aethir: Redefining Global GPU Compute
Aethir, a leader in decentralized GPU cloud infrastructure, has
successfully closed its fundraising of close to USD150mn according
to cryptorank.io. Aethir is an enterprise-grade, artificial
intelligence (“AI”) and Gaming-focused GPU-as-a-service provider,
which offers a convenient way for users to access high-performance
computing resources for machine learning, deep learning, and other
data-intensive applications. Aethir’s decentralized cloud computing
infrastructure enables GPU providers to connect with enterprise
clients who need the raw power of NVIDIA’s H100 chips for
sophisticated AI and machine learning tasks.
In addition, Aethir’s infrastructure supports cloud gaming
clients and has contracts with the world’s largest gaming and
telecom companies, taking advantage of its flexibility and coverage
across technological and operational expertise.
$ATH token is the native token for the Aethir network, a reward
for network providers for their services for maintaining the
network. $ATH token is a versatile cryptocurrency that can used for
trading, making payments and exchanged into fiat currencies or
other cryptocurrencies.
Bit Origin’s Role and Vision
By becoming a sales representative for Aethir, Bit Origin aims
to leverage its extensive expertise and industry connections to
further expand Aethir's market reach. This partnership aligns with
Bit Origin’s strategic objectives to innovate and lead in the
technology and blockchain sectors.
Furthermore, Bit Origin has announced its intention to acquire
certain Aethir devices for strategic self-deployment in Singapore
or Malaysia. The Company will provide detailed updates as these
plans progress.
"We are thrilled to partner with Aethir and represent their
groundbreaking GPU cloud solutions," said Jinghai Jiang, Chairman
of the Board, CEO and COO of Bit Origin Ltd. "Aethir's technology
is truly transformative, and we believe this collaboration will
significantly enhance our offerings while driving substantial
growth and value for both companies."
Driving Innovation and Growth
This agreement underscores Bit Origin 's commitment to embracing
cutting-edge technologies and pioneering advancements within the
industry. As Aethir continues to unlock the potential of global GPU
computing, Bit Origin is poised to play a pivotal role in
facilitating access to these invaluable resources.
About Bit Origin Ltd
Bit Origin Ltd, formerly known as China Xiangtai
Food Co., Ltd., is an emerging growth company operating in the
United States and engaged in the cryptocurrency mining business.
The Company is also actively deploying blockchain technologies
alongside diversified expansion strategies. For more information,
please visit https://bitorigin.io.
Safe Harbor Statement
This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy, and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
Company Contact
Bit Origin Ltd Mr. Jiang Jinghai, Chairman of the Board, CEO and
COOEmail: ir@bitorigin.io
To keep updated on Bit Origin’s news releases and SEC filings,
please subscribe to email alerts
at https://bitorigin.io/contact
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