Bit Origin Ltd Becomes Sales Rep for Aethir Edgar Miners
Ticker: BTOG · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1735556
| Field | Detail |
|---|---|
| Company | Bit Origin Ltd (BTOG) |
| Form Type | 6-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sales-agreement, hardware, cloud-computing, digital-assets
TL;DR
Bit Origin Ltd is now selling Aethir Edgar miners for NGH Computer.
AI Summary
On June 7, 2024, Bit Origin Ltd entered into a sales representative agreement with NGH Computer Pte. Ltd. NGH Computer will engage Bit Origin Ltd as a non-exclusive representative to market and solicit orders for Aethir Edgar miners, which are hardware devices used for rendering services on the Aethir Cloud Depin network.
Why It Matters
This agreement positions Bit Origin Ltd to generate revenue by marketing and selling specialized hardware for a cloud rendering network, potentially expanding its business in the digital asset and cloud infrastructure space.
Risk Assessment
Risk Level: medium — The company's success is tied to the performance and adoption of the Aethir Cloud Depin network and the Aethir Edgar miners, which are subject to market volatility and technological risks.
Key Players & Entities
- Bit Origin Ltd (company) — Registrant and sales representative
- NGH Computer Pte. Ltd. (company) — Party entering sales representative agreement
- Aethir Edgar miners (product) — Hardware devices to be marketed and sold
- Aethir Cloud Depin network (platform) — Network for which devices provide rendering services
- June 7, 2024 (date) — Date of sales representative agreement
FAQ
What is the nature of the agreement between Bit Origin Ltd and NGH Computer Pte. Ltd.?
Bit Origin Ltd entered into a sales representative agreement with NGH Computer Pte. Ltd. on June 7, 2024, to act as a non-exclusive representative for marketing and soliciting orders for Aethir Edgar miners.
What are Aethir Edgar miners used for?
Aethir Edgar miners are hardware devices used for contributing rendering services to the Aethir Cloud Depin network.
What is the role of Bit Origin Ltd in this agreement?
Bit Origin Ltd will serve as a non-exclusive sales representative for NGH Computer Pte. Ltd., marketing and soliciting orders for the Aethir Edgar miners.
When was the sales representative agreement entered into?
The sales representative agreement was entered into on June 7, 2024.
Is Bit Origin Ltd the exclusive representative for these devices?
No, Bit Origin Ltd is engaged as a non-exclusive representative.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2024-06-12 16:30:22
Key Financial Figures
- $1 million — ake an advance payment in the amount of $1 million within 15 days from the execution of th
Filing Documents
- tm2416995d1_6k.htm (6-K) — 12KB
- tm2416995d1_ex10-1.htm (EX-10.1) — 41KB
- tm2416995d1_ex99-1.htm (EX-99.1) — 10KB
- 0001104659-24-070866.txt ( ) — 65KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: June 12, 2024 BIT ORIGIN LTD By: /s/ Jinghai Jiang Name: Jinghai Jiang Title: Chief Executive Officer, Chief Operating Officer, Chairman of the Board and Director