Bit Origin Ltd., a company specializing in crypto mining and blockchain technology development, has announced a significant corporate action that will impact its stock structure. The company, which operates in the Information Technology sector with a focus on food products, is listed on the Nasdaq stock exchange and trades in USD. As of August 20, 2026, the close price of its shares was $3.73, with a 52-week high of $166.8 recorded on October 5, 2025, and a 52-week low of $3.1 on July 30, 2026. The company’s market capitalization stands at $3,104,072.
In a strategic move to align with Nasdaq’s regulatory requirements, Bit Origin Ltd. has declared a 1-for-5 reverse stock split for its Class A and Class B ordinary shares. This action will be effective at the opening of trading on August 21, 2026. The reverse stock split aims to reduce the number of shares outstanding while increasing the par value of each share. The new CUSIP for the shares will be G21621209.
The primary motivation behind this reverse stock split is to help the company maintain compliance with Nasdaq’s minimum bid-price rule. However, Bit Origin Ltd. has acknowledged that it cannot guarantee continued compliance with this rule post-split. The reverse stock split will necessitate adjustments to the company’s memorandum and articles of association, as well as the terms of its outstanding options, warrants, and convertible securities. These adjustments are designed to ensure that the aggregate value of these instruments remains unchanged.
In the event of fractional shares resulting from the reverse split, shareholders will receive a full share instead of fractions. This approach ensures that shareholders are not disadvantaged by the stock split process.
Despite these structural changes, Bit Origin Ltd. remains committed to its core business strategies. The company continues to focus on AI computing, digital assets, and blockchain technology, maintaining its diversified expansion strategies across the United States, Canada, and China. For further information, stakeholders are encouraged to visit the company’s website at bitorigin.io .
