Bit Origin Limited announced that the Company has finished all due diligence work and entered into a strategic hosting service agreement ("Agreement") with Your Choice 4 CA Inc. to lease 1,000 mining spots with three Megawatts("MW") of mining power in Marion, Indiana. It is expected to produce approximately 12.66 BTCs per month for the Company when all miners are deployed in mid-June 2022 as scheduled. Pursuant to the Agreement, YCI agrees to provide Bit Origin with 1,000 hosting spots, providing approximately 100 PH/s at full capacity.

The Agreement is effective as of June 8, 2022, and shall remain in force for one year. YCI also agrees to offer the Company renewal option to extend the term of the Agreement to a new specific date upon written mutual agreement.