Bit Origin Ltd Provides Updates on Collaborations with Aethir
26 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, provides an update on its
collaborations with Aethir, the premier enterprise-focused
distributed graphics processing units (“GPU”) cloud provider.
Advancing GPU Cloud Solutions
Aethir, recognized for its groundbreaking
decentralized GPU computing infrastructure, has secured nearly USD
150 million in funding according to cryptorank.io. Aethir offers a
decentralized GPU cloud service that supports artificial
intelligence (“AI”), gaming, and other data-intensive applications,
leveraging Nvidia H100 GPUs. This infrastructure supports cloud
gaming clients and boasts contracts with major gaming and telecom
companies.
On June 12 2024, Aethir completed the token
generation event for its $ATH token, with a fully diluted valuation
of $2.6 billion as of June 24 2024, according to coinmarketcap.com.
As Aethir's decentralized GPU cloud infrastructure ecosystem grows,
it aims to establish a new paradigm in GPU computing
infrastructure, reshaping the cloud computing landscape.
Strategic Industry Partnerships
Recent collaborations include TensorOpera, which
specializes in optimizing and scaling AI model training, to enhance
large-scale AI Model training on a decentralized cloud. In
addition, Aethir has partnered with Sophon, a platform with more
than 3 million registered users that offers decentralized computing
services tailored for the blockchain and AI communities. These
partnerships aim to bolster Aethir's capabilities in the AI and
crypto sectors.
Bit Origin's Role and Deployment Plans
Bit Origin, as Aethir's sales representative,
aims to expand Aethir's market reach and has plans to acquire and
deploy Aethir devices in Singapore and/or Malaysia. This strategic
move is expected to enhance the Company’s service offerings and
drive significant growth for both companies.
"We are excited to partner with Aethir, whose
technology is truly transformative," said Jinghai Jiang, Chairman
of the Board, CEO, and COO of Bit Origin Ltd. "This collaboration
will significantly enhance our offerings while driving substantial
growth and value for both companies."
Commitment to Innovation
This strategic agreement underscores Bit
Origin’s dedication to embracing cutting-edge technologies and
pioneering industry advancements. As Aethir continues to redefine
global GPU computing, Bit Origin is poised to play a crucial role
in facilitating access to these vital 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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