BIT ORIGIN Ltd

Bit Origin and its subsidiaries (the "Group") focuses on cryptocurrency-related operations and management. The Group began Bitcoin mining in May 2022. In December 2023, Bitcoin mining operations were temporarily suspended in the United States due to high operating costs. Starting in June 2024, Bit Origin directly engages in the purchase and sale of mining computers through a sales representative arrangement to support its treasury and operational activities. In July 2025, the Group launched a dedicated Dogecoin treasury program to further its strategic development. As of June 30, 2025, the Group's consolidated financial statements include Bit Origin and the following entities: SonicHash Canada, a Canadian company 100% owned by Bit Origin, established to explore mining site opportunities but not yet operational; SonicHash US, a U.S. company in Delaware 100% owned by Bit Origin, which operates the Bitcoin mining business; Sonic Auspice, a U.S. company in Delaware 55% owned by Bit Origin, established to explore mining site opportunities and has undertaken limited financing and investment activities to third parties but not yet operational; and Bit Origin Singapore, a Singapore company 100% owned by Bit Origin, established for venture capital investment in the cryptocurrency industry but not yet operational. The Group's primary liquidity needs are for working capital and operating expenses for the next twelve months from the financial statements' issuance date.