The accompanying unaudited condensed consolidated financial statements reflect the activities of Bit Origin and each of the following entities as of December 31, 2025: | | | | | Name | | Background | | Ownership | SonicHash Canada | | · A Canada company | | | | | · It was established to explore potential mining site operation opportunities but has not commenced any business operations as of the date of this report | | 100% owned by Bit Origin | SonicHash US | | · A U.S. company of the State of Delaware | | | | | · It operates the Bitcoin mining business | | 100% owned by Bit Origin | Sonic Auspice | | · A U.S. company of the State of Delaware | | | | | · It was established to explore potential mining site operation opportunities but has not commenced any business operations but has undertaken limited financing and investment activities to third parties as of the date of this report | | 55% owned by Bit Origin | Bit Origin Singapore | | · A Singapore company | | | | | · It was established to engage in venture capital investment activities in the cryptocurrency industry but has not commenced any business operations as of the date of this report | | 100% owned by Bit Origin |
|