BIT Mining Limited

BIT Mining Ltd. operates as a cryptocurrency mining enterprise. Its business covers cryptocurrency mining, pool, machine manufacturing, and data center operation. The company utilizes cryptocurrency mining machines and hydroelectric cryptocurrency mines, the sole purpose of which is to mine bitcoin. It also owns the mining pool business operated under BTC.com, including the domain name and wallet. The company was founded by Man San Law in 2001 and is headquartered in Hong Kong.

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BIT Mining Ltd. engages in cryptocurrency mining, data center operation, and mining machine manufacturing. It operates through the following segments: Data Center, Cryptocurrency Mining, and Others. The company was founded by Man San Law in 2001 and is headquartered in Akron, OH.

BIT Mining Ltd (NYSE: BTCM) reported third-quarter FY21 revenue of $404.3 million, representing a sharp increase of $403.8 million year-on-year. The revenue comprised $397.8 million from its mining pool business consolidated from April 2021.

Here's How BIT Mining Fared In Q3

HONG KONG, Nov. 18, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the third quarter ended September 30, 2021. Cryptocurrency   Business   Progress BIT Mining has completed the transition of its business to an enterprise that covers cryptocurrency mining, data center operation and mining pool.

BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2021

AKRON, Ohio, Nov. 11, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company") based in Ohio, and focused on cryptocurrency mining, today announced that BIT Mining, Senior IR Director Ellen Chiu will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on November 17.  This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

BIT Mining to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 17 November 2021

AKRON, Ohio, Nov. 11, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2021, before the U.S. market open on Thursday, November 18, 2021. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining Limited to Report Third Quarter 2021 Financial Results on November 18, 2021

Crypto miner BIT Mining (NYSE: BTCM) ramped up investment in the Ohio cryptocurrency mining data center jointly developed with Viking Data Centers LLC. BIT Mining will increase its investment by $11.0 million, including $9.8 million in cash and the remaining in cash or stock.

BIT Mining Ramps Up Investment In Ohio Crypto-Mining Site

Cryptocurrency mining company BIT Mining Ltd (NYSE:BTCM) subsidiary BTC.com will cease registering new users from mainland China and expects to start retiring the accounts of existing users in mainland China to comply with local regulations beginning on October 15. The discontinuation of service may adversely affect the consolidated financial statements of the company.

BIT Mining Falls Prey To Chinese Regulatory Crackdown

AKRON, Ohio, Oct. 14, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that its mining pool subsidiary, BTC.com will exit the mainland China market. To comply with local regulations, BTC.com will cease registering new users from mainland China and expects to start retiring the accounts of existing users in mainland China in an orderly manner starting on October 15, 2021.

BIT Mining's Mining Pool Subsidiary to Exit Mainland China Market

Today, sentiment is turning broadly bullish, with shares of Bit Mining and BTCM stock taking off following a key announcement. The post BTCM Stock: What Is the Latest News Sending Bit Mining Higher?

BTCM Stock: What Is the Latest News Sending Bit Mining Higher?

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This low float stock with high short interest was able to fly once the traders piled in.

Why Was BIT Mining Stock Skyrocketing on Thursday?

Today, investors in Bit Mining and BTCM stock are seeing very impressive gains as investors jump on this stock as a short-squeeze play. The post BTCM Stock: Why Retail Investors Are Betting Big on BIT Mining on Thursday appeared first on InvestorPlace.

BTCM Stock: Why Retail Investors Are Betting Big on BIT Mining on Thursday

Codebase Ventures Inc. said it has received confirmation of the completed delivery of all 115 Antminer S17+ 76Th bit mining units to their hosting facility in New York State.

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HONG KONG, Aug. 17, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the second quarter ended June 30, 2021. Cryptocurrency   Business   Progress BIT Mining has completed the transition of its business to an enterprise that covers cryptocurrency mining, data center operation and mining pool.

BIT Mining Limited Announces Unaudited Financial Results for the Second Quarter ended June 30, 2021

HONG KONG, Aug. 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, today announced that it plans to release its unaudited financial results for the second quarter ended June 30, 2021, before the U.S. market open on Tuesday, August 17, 2021. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining Limited to Report Second Quarter 2021 Financial Results on August 17, 2021

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HONG KONG, July 28, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading cryptocurrency mining enterprise, today announced that it has entered into a definitive purchase agreement (the "Purchase Agreement") to acquire 2,500 new bitcoin mining machines ("the Acquired Machines") for a total consideration of approximately US$6.6 million. When deployed, the Company expects the Acquired Machines to increase its theoretical maximum total hash rate capacity by approximately 165 peta hashes per second (PH/s).

BIT Mining to Expand its Fleet of Bitcoin Mining Machines

The stock price of BIT Mining Ltd (NYSE: BTCM) increased by over 5% pre-market. This is why it happened.

BTCM Stock Increases Over 5% Pre-Market: Why It Happened

HONGKONG, China, July 23, 2021 /PRNewswire/— BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company"), a leading cryptocurrency mining enterprise, today announced its decision to eliminate its variable interest entity ("VIE") structure and to dispose of its Chinese lottery related business for nil consideration. BIT Mining's consolidated affiliated subsidiaries under the VIE structure (the "VIE subsidiaries"), were primarily engaged in the Company's Chinese lottery related business, which contributed RMB2.7 million (US$0.4 million), or 13.6%, of the Company's total revenue and net loss of RMB9.8 million (US$1.5 million) for the three months ended March 31, 2021.

BIT Mining Announces Removal of VIE Structure and Disposal of Chinese Lottery Business

SHENZHEN, China, July 16, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company") today announced the closing of its previously announced private placement of 100,000,000 Class A ordinary shares and warrants to purchase up to an additional 100,000,000 Class A ordinary shares, at a purchase price of US$5.00 per ten Class A ordinary shares, with one warrant included in the price of each Class A ordinary share. The private placement resulted in gross proceeds to the Company of $50.0 million before the deduction of placement agent fees and expenses and offering expenses payable by the Company.

BIT Mining Announces Closing of US$50.0 Million Private Placement

News for BIT Mining Limited Stock (BTCM)