Slide 1: Investor Presentation May 2022
NASDAQ: BTOG Investor Presentation 2022 May
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation may contain certain “forward-looking statements” relating to the business of Bit Origin Limited. (“Bit Origin” or the “Company”) , and its subsidiaries. All statements, other than statements of historical fact included herein are “forward-looking statements.”
Slide 3: Agenda
Company Overview 4 Industry Overview 8 Business Strategy 13 Leadership Team 21 Appendix 23 3
Slide 4: Company Overview
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Slide 5: Who We Are
WHO WE ARE Our Growth Strategy • Strategic supply agreement with advanced miner manufacturers An emerging blockchain company • Incubation and acquisition of mining facilities • Manufacture of miners and cloud mining driven by in-house R&D managed by a group of • Add-on investment in Web 3.0 experien
Slide 6: Company Highlights
Company Highlights Bit Origin connects the past with the shared future... MINERS POWER R&D TEAM DIVERSITY secured supplies robust accessible capacity proprietary and innovative feat. industry veterans our differentiator 3.37 EH/s by 2023 Inhouse Dev. 1,000MW+ Web 3.0 and 1GW~4 Countries purchased 3,
Slide 7: Our Development Roadmap
Our Development Roadmap MEET THE FUTURE… 2022E 2H • Add hashrate to 1.28Eh/s by the end of 2022 to boost Bitcoin 2022 Q1 production • Secure another 20MW • Closed US$16 Million Offering • Purchased 2,886 Bitcoin miners 2023E • Building pipelines of mining facility with expansion capacity up to 1GW •
Slide 8: Industry Overview
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Slide 9: Crypto Asset is Seeing Wider Institutional Adoption
Crypto Asset is Seeing Wider Institutional Adoption Payment goats and emerging fintech companies: Many sovereign states promote bitcoin trading: bitcoin payment and trading into the mainstream El Salvador and Cuba have successively recognized bitcoin as a legitimate trading medium, increasing the gl
Slide 10: Capital Market Activities in the Crypto Industry are Getting Momentum
Capital Market Activities in the Crypto Industry are Getting Momentum The total value of crypto M&A deals in 2021 has grown over 50X The global cryptocurrency market value has reached 2 Trillion US$ in Global Cryptocurrency Market Value US$ in millions millions 2019-2021 Crypto M&A Global Landscape
Slide 11: The Global Cryptocurrency Mining Market is Booming
The Global Cryptocurrency Mining Market is Booming The global cryptocurrency mining market is expected to reach the market is growing with the CAGR of US$ 2,263 Million by 2029 7.8% 2,263 by 2029, market size is expected to reach US$ in millions 2,100 1,948 1,676 1,807 US$ 2,263 million 1,555 1,442
Slide 12: Web 3.0 is the Biggest Application Market for Blockchain
Web 3.0 is the Biggest Application Market for Blockchain Blockchain Web 3.0 enables users and developers to use decentralized blockchain $139.3T technology and is considered the biggest application market for blockchain Potential Market technology 160 Cap at Scale provides 140 essential features 120
Slide 13: Business Strategy
PART 3 Business Strategy
Slide 14: How We Invest in Miners
How We Invest in Miners Leading Miner Manufacturers including Bitmain, Canaan and MicroBT Partnership with Emerging Manufacturers For bulk purchase agreement and ROFR and MFN pricing International Traders who supply both new and second-hand miners What We Purchase: ~0.038J/Gh new miners Low-Cost sec
Slide 15: How We Invest in Miners (cont'd): Hashrate Development
How We Invest in Miners (cont’d) Hashrate Development Projected based on power development PH/S Projected Year-End 2023 Hashrate 3.37Eh/s Projected Year-End 2022 Hashrate 1.28Eh/s Hashrate from Miners Hashrate from Miners to Based on power Based on power Based on power delivered order based on power
Slide 16: How We Capitalize on Power
How We Capitalize on Power Our Selection Criteria North America, Operations led by industry State grid + Clean energy* USD 3-5 cents/kwh Africa and Latin America* veterans Stable supply + sustainable economy (Estimated) Globally diversified with a clear focus to Clear advantage against most new join
Slide 17: How We Capitalize on Power (cont'd)
How We Capitalize on Power (cont’d) Robust Pipelines with Future Power Growth Tops 1GW We are Confident to Secure 65~305MW by the end of 2023 Phase III Phase II Phase I 2023 2022 2H Our Development Target: projects we are confident to close without 2022 or with Ethiopia’s capacity subject to the 1H
Slide 18: How We Capitalize on Power (cont'd): Why Aiming on These Sites
How We Capitalize on Power (cont’d) Why Aiming on These Sites？ Compliant, Cost efficiency, Clean Top-level Operational Capability • Compliance with local regulations • Vertically integrated site • Direct access to wholesale power price • Experts in ASIC maintenance & repair/Facility M&E/ Network ope
Slide 19: Our Pipeline Mining Facilities
Our Pipeline Mining Facilities Canada Power Supply: State Grid+Natural Gas Ontario* Capacity: 18MW~250MW Progress: Due Diligence 118~ 550MW Alberta* Capacity: 100MW~300MW Progress: Due Diligence Total Capacity: 134~185MW 390MW~1GW United States ( 5 Sites) Electricity cost: Power Supply: State Grid 6
Slide 20: Endeavors into Web 3.0 Differentiates Us from Others
Endeavors into Web 3.0 Differentiates Us from Others • Our management team boast unmatched investment return in the broader blockchain and Web 3.0 ecosystem= enhance shareholder value • Blockchains participation: powering and securing new blockchains, protocols, and networks is coded in our GENE • M
Slide 21: Leadership Team
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Slide 22: Leadership Team
Leadership Team Strong Track Record of Cryptocurrency Mining Operations and Investments - Seasoned leadership team with business builders across various industry spectrums: Crypto, Finance, Blockchain network Lucas Wang Jiaming Li Erick W. Rengifo Jinghai Jiang Chairman and CEO President Chief Strat
Slide 23: Appendix
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Slide 24: Appendix 1: Mining Fuels the Bitcoin Ecosystem
Appendix 1：Mining Fuels the Bitcoin Ecosystem A system that adds transactions & A computer designed to provides security to the Bitcoin solve a mathematical blockchain; how new bitcoins algorithm (i.e. the enter the market. Mining A Miner Bitcoin code). HOW IT WORKS A Bitcoin transaction Once a bloc
Slide 25: Appendix 2: Bitcoin Mining Revenue Model
Appendix 2: Bitcoin Mining Revenue Model Mining Cost of Miners price Mining profit revenue electricity increase/decrease Number of Number of Net value of Previous cost of BTC price BTC owned miners miners owned miners Power consumption/ Annual output Our computing Global hash miner(KW) of BTC power(
Slide 26: Company Contact
http://bitorigin.io Company Contact Erick W. Rengifo, CSO Phone: +1-347-556-4747 Email: ir@bitorigin.com Investor Relations Contact Ms. Tina Xiao, President Ascent Investor Relations LLC Phone: +1-917-609-0333 Email: tina.xiao@ascent-ir.com 26