CHANGSHA, China, Feb. 8, 2023 /PRNewswire/ — Bit Brother Restricted (the “Firm,” “we”, “BTB” or “Bit Brother”) (NASDAQ: BTB), a tea product and a crypto finance digital expertise group, has been exploring the applying of AI expertise to digital expertise and milk tea&espresso enterprise situations, resembling pre-sales buyer communication and session, primary product data, together with product names, promoting factors, danger management necessities, software necessities, and so forth. Subsequently, we plan to extend its funding in AIGC and ChatGPT, cooperating with related scientific analysis establishments and conducting in-depth analysis in associated applied sciences. We count on that by way of the applying of ChatGPT expertise in our enterprise, we may additional enrich product-related textual content and video content material, product promoting level descriptions, and so forth. and considerably enhance its conversion charge. We goal to alter and optimize our present working mannequin profoundly, rapidly, and completely. We imagine that AIGC will lead a brand new revolution within the discipline of digital content material, and can grow to be the content material manufacturing infrastructure for milk tea& espresso chain enterprise.
About Bit Brother Restricted
Bit Brother Restricted (previously generally known as City Tea, Inc.) was included within the British Virgin Islands as an organization with restricted legal responsibility on November 28, 2011. Our enterprise presently consists of the distribution and retail of specialty tea merchandise. We’ve got performed analysis and planning of our blockchain expertise and cryptocurrency mining enterprise since 2021. For extra data, please go to: www.bitbrother.com
This press launch accommodates sure statements that will embody “forward-looking statements.” All statements apart from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by way of forward-looking terminology resembling “believes,” “expects” or comparable expressions, involving 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. You shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of quite a lot of components. These dangers and uncertainties embody, however not are restricted to, the chance components described by BTB in its filings with the Securities and Trade Fee (“SEC”). These danger components and people recognized elsewhere on this press launch, amongst others, may trigger precise outcomes to vary materially from historic efficiency and embody, however usually are not restricted to:
- Native authorities’s insurance policies and regulatory oversight of cryptocurrency mining operations and our different operations;
- BTB’s cryptocurrency mining enterprise continues to be underneath growth, with many uncertainties sooner or later route and integration of BTB’s different enterprise segments;
- Failure to handle the newly launched cryptocurrency mining enterprise successfully;
- Failure to entry a big amount of energy at affordable prices may considerably improve BTB working bills and adversely have an effect on demand for BTB’s mining actions;
- Any important or extended failure within the cryptocurrency mining amenities that BTB operates or companies it gives, together with occasions past its management, would result in important prices and disruptions and would scale back the attractiveness of its amenities, hurt its enterprise repute and have a cloth adversarial impact on its outcomes of operation;
- Safety breaches or alleged safety breaches of our cryptocurrency mining servers may disrupt BTB operations and have a cloth adversarial impact on its enterprise, monetary situation and outcomes of operation; and
- Fluctuation of the crypto value;
- Different dangers and uncertainties indicated in BTB’s SEC studies or paperwork filed or to be filed with the SEC by BTB.
Accordingly, forward-looking statements shouldn’t be relied upon as representing our views as of any subsequent date, and you shouldn’t place undue reliance on these forward-looking statements in deciding whether or not to put money into our securities. We don’t undertake any obligation to replace forward-looking statements to replicate occasions or circumstances after the date they had been made, whether or not because of new data, future occasions or in any other case, besides as could also be required underneath relevant securities legal guidelines.
SOURCE Bit Brother Restricted