# EDGAR Filing Document

**Accession Number:** 0001735556
**File Stem:** 0000000000-23-002323
**Filing Date:** 2023-3
**Character Count:** 7968
**Document Hash:** b5c385dc2c06a73150dbc156b2534d8d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002323.hdr.sgml**: 20230601

**ACCESSION NUMBER**: 0000000000-23-002323

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230309

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BIT ORIGIN Ltd
- **CENTRAL INDEX KEY:** 0001735556
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 375 PARK AVE, FL 1502
- **CITY:** NEW YORK NY
- **STATE:** NY
- **ZIP:** 10152
- **BUSINESS PHONE:** 347-556-4747

**MAIL ADDRESS:**
- **STREET 1:** 375 PARK AVE, FL 1502
- **CITY:** NEW YORK NY
- **STATE:** NY
- **ZIP:** 10152

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** China Xiangtai Food Co., Ltd.
- **DATE OF NAME CHANGE:** 20180326
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-22-120837

## Text-Extract

```

United States securities and exchange commission logo

                              March 9, 2023

       Lucas Wang
       Chief Executive Officer
       Bit Origin Ltd.
       375 Park Ave, Fl 1502
       New York, NY 10152

                                                        Re: Bit Origin Ltd.
                                                            Amendment No. 3 to
                                                            Registration
Statement on Form F-3
                                                            Filed March 1, 2023
                                                            File No. 333-268501

       Dear Lucas Wang:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.
Unless we note
       otherwise, our references to prior comments are to comments in our
February 15, 2023 letter.

       Amendment No. 3 to Registration Statement on Form F-3

       Miners, page 5

   1.                                                   Refer to your response
to prior comment 2. You disclose that you do not currently trade
                                                        Bitcoin on any exchange
or store Bitcoin on any trading platform but that you do trade
                                                        Bitcoins for fiat
currency as you note that "[i]f the Bitcoins price decreases when we trade
                                                        the Bitcoins for fiat
currency, the amount of fiat currency we receive will decrease as well
                                                        and our results of
operation will be negatively impact[ed]." Please clarify how you trade
                                                        Bitcoin for fiat
currency and the policies related to when you do trade Bitcoin for fiat
                                                        currency.
 Lucas Wang
Bit Origin Ltd.
March 9, 2023
Page 2
Prospectus Summary
Business Overview, page 5

2.       We note your response to comment 11 in our January 20, 2023 letter
indicating that you
         had no exposure to recent bankruptcies and crypto market disruptions.
In light of more
         recent events, including those related to Voyager Digital, Genesis,
BlockFi, and Silvergate
         Capital, please tell us whether you have any material exposure and
revise as appropriate.
         In addition, revise the fourth risk factor on page 22 to specify
whether or not you have
         experienced any issues with banks or other financial institutions as
discussed generally in
         the risk factor.
Mining Facilitates
Cheyenne, Wyoming, page 9

3.       Refer to your response to comment 3. Please expand your discussion of
the partnership
         agreement so that investors understand the term of the agreement, any
termination
         provisions, liquidation rights, liabilities and responsibilities
pursuant to the partnership
         agreement.
       Please contact Sonia Bednarowski at 202-551-3666 or Matthew Derby at
202-551-3334
with any questions.

FirstName LastNameLucas Wang                                    Sincerely,
Comapany NameBit Origin Ltd.
                                                                Division of
Corporation Finance
March 9, 2023 Page 2                                            Office of
Crypto Assets
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

March 9, 2023

Lucas Wang  
Chief Executive Officer  
Bit Origin Ltd.  
375 Park Ave, Fl 1502  
New York, NY 10152

**Re: Bit Origin Ltd.  
Amendment No. 3 to  
Registration Statement on Form F-3  
Filed March 1, 2023  
File No. 333-268501**

Dear Lucas Wang:

We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 15, 2023 letter.

# Amendment No. 3 to Registration Statement on Form F-3

# Miners, page 5

1. Refer to your response to prior comment 2. You disclose that you do not currently trade Bitcoin on any exchange or store Bitcoin on any trading platform but that you do trade Bitcoins for fiat currency as you note that '[i]f the Bitcoins price decreases when we trade the Bitcoins for fiat currency, the amount of fiat currency we receive will decrease as well and our results of operation will be negatively impact[ed].' Please clarify how you trade Bitcoin for fiat currency and the policies related to when you do trade Bitcoin for fiat currency.

Lucas Wang
Bit Origin Ltd.
March 9, 2023
Page 2

# Prospectus Summary
Business Overview, page 5

2. We note your response to comment 11 in our January 20, 2023 letter indicating that you had no exposure to recent bankruptcies and crypto market disruptions. In light of more recent events, including those related to Voyager Digital, Genesis, BlockFi, and Silvergate Capital, please tell us whether you have any material exposure and revise as appropriate. In addition, revise the fourth risk factor on page 22 to specify whether or not you have experienced any issues with banks or other financial institutions as discussed generally in the risk factor.

# Mining Facilitates
Cheyenne, Wyoming, page 9

3. Refer to your response to comment 3. Please expand your discussion of the partnership agreement so that investors understand the term of the agreement, any termination provisions, liquidation rights, liabilities and responsibilities pursuant to the partnership agreement.

Please contact Sonia Bednarowski at 202-551-3666 or Matthew Derby at 202-551-3334 with any questions.

Sincerely,

Division of Corporation Finance
Office of Crypto Assets