On August 14, 2023, Moxian (BVI) Inc, a company engaged in bitcoin mining and related services in the United States, announced that it has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). The Nasdaq Stock Market LLC ("NASDAQ") confirmed this compliance and stated that the matter is now closed.

Moxian (BVI) Inc is a company organized in the British Virgin Islands and was formed in May 2021 following its merger with Moxian, Inc. in August 2021. The company operates in the State of Tennessee through its wholly owned subsidiary, ABIT USA, Inc., and also has operations in Hong Kong, China.

This announcement contains forward-looking statements, as defined in Section 21E of the Securities Exchange Act of 1934. These statements are based on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and may include terms such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "potential," "continue," "in progress," "goal," "guidance expectations," and similar statements. The company may include these statements 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. These forward-looking statements involve factors, risks, and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. Factors and risks include the company's goals and strategies, future business development, financial status and operating results, expected growth of the 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. For more detailed information about these and other risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. The information provided is current as of the date of publication, and the company is not obligated to update it, except as required by applicable law.

For further information, please contact Wanhong Tan, Chief Financial Officer, at +852 9855 6575 or yf@abitgrp.com.