Moxian Announces Name Change to Abits Group Inc
November 16 2023 - 9:27AM
Moxian (BVI) Inc (the “Company”) (NASDAQ: MOXC), a company engaged
in bitcoin mining and related services in the United States, today
announced that it has changed its corporate name from Moxian (BVI)
Inc to Abits Group Inc. In addition, the Company’s ticker symbol on
the Nasdaq Capital Market will be changed to “ABTS” from “MOXC”
effective before the opening of trading on November 17, 2023.
“The date marks an important milestone in the
Company’s history,” said Mr. Conglin (Forrest) Deng, Executive
Director and Chief Executive Officer of Abits Group Inc. “The new
name better reflects the transformation in the Company’s core
business and the beginning of a new chapter in its corporate
history. It also coincides with the launch of a mining center in
Tennessee, which is driven by a new generation of innovative and
sustainable hydro-power.”
The corporate name change to Abits Group Inc
does not affect the rights of the Company’s shareholders and no
action is required by shareholders with respect to the name change.
The number of outstanding ordinary shares of the Company is also
not affected by the name and ticker symbol changes.
About Abits Group Inc
Abits Group Inc, a company organized in the
British Virgin Islands in May 2021, is the surviving company
following its merger with Moxian, Inc. in August 2021. Abits Group
Inc is a new generation digital company, with self-mining
operations in the State of Tennessee through a wholly owned
subsidiary, ABIT USA, Inc.
Forward-Looking Statements
This announcement contains forward-looking
statements as defined in Section 21E of the Securities Exchange Act
of 1934 as amended. These forward-looking statements are based on
the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995 and may be governed by terms such as “will,”
“expect,” “anticipate,” “future,” “intend,” “plan,” Believe,
“estimate”, “potential”, “continue”, “in progress”, “goal”,
“guidance expectations” and similar statements are identified. The
company may also include in its periodic reports to the US
Securities and Exchange Commission (“SEC”), annual reports to
shareholders, press releases and other written materials, as well
as oral statements from third parties to the company’s management,
directors or employees. Any statements that are not historical
facts, including statements about the company’s philosophy and
expectations, are forward-looking statements that involve factors,
risks, and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. These
factors and risks include, but are not limited to, the following:
company’s goals and strategies; future business development;
financial status and operating results; expected growth of bitcoin
mining industry and Internet media marketing industry; demand and
acceptance of the company’s products and services; the relationship
between the company and strategic partners; industry competition;
and policies and regulations related to the company’s structure,
business and industry. More detailed information about these and
other risks and uncertainties is included in the company’s filings
with the Securities and Exchange Commission. All information
provided in the company’s introduction is the latest information as
of the date of publication of the company. Except as provided by
applicable law, the company is not obligated to update such
information.
For further information, please
contact:
Wanhong TanChief Financial Officer+852 9855
6575yf@abitgrp.com
Abits (NASDAQ:ABTS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Abits (NASDAQ:ABTS)
Historical Stock Chart
From Sep 2023 to Sep 2024