NEW YORK, Feb. 3, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT), (the “Firm”), an rising bitcoin mining firm headquartered in New York introduced right now sure administration adjustments. The Firm’s Board of Administrators accepted the resignation of Ping Liu as Chairwoman of the Board, as she resigned for private well being causes. The Board then elected Zhaohui Deng (beforehand misidentified as Chaohui Deng), an impartial director, as Chairman of the Board. The Board eliminated Min Hu as Chief Govt Officer, as he was not taking part within the Firm’s bitcoin mining operations. Mr. Hu will stay an impartial director of the Firm. The Board then named Erke Huang, presently Chief Monetary Officer and a director, additionally as Interim Chief Govt Officer whereas an ongoing seek for a brand new CEO continues.
The Board additionally accepted the resignation of Hong Yu as Chief Technique Officer and a director. Mr. Yu determined it was within the Firm’s finest pursuits for him to pursue his different alternatives. Individually, the Firm has engaged two senior company technique consultants in america with in depth expertise spanning conventional monetary providers and digital belongings, in addition to related authorized and regulatory issues. The addition of those sources considerably expands Bit Digital’s present capabilities, and in partnership with Bit Digital’s administration group, the consultants will assist develop the evolution of Bit Digital’s enterprise mannequin and lead its enlargement and development technique. Following a transition interval, the consultants are anticipated to be introduced as senior executives of Bit Digital.
Secure Harbor Assertion
This press launch could include sure “forward-looking statements” regarding the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, aside from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology corresponding to “believes,” “expects” or comparable expressions, contain identified and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. Buyers shouldn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The Firm’s precise outcomes might differ materially from these anticipated in these forward-looking statements because of a wide range of elements, together with these mentioned within the Firm’s periodic stories which might be filed with the Securities and Alternate Fee and accessible on its web site at http://www.sec.gov. All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these elements. Aside from as required below the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
SOURCE Bit Digital, Inc.