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Stock impact report

Bit Origin Ltd Provides Updates on Collaborations with Aethir

Bit Origin Limited - Ordinary Shares (BTOG) 
Company Research Source: GlobeNewswire
NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- 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 Show less Read more
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