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BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021


BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021
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SHENZHEN, China, May 10, 2021 /PRNewswire/ BIT Mining Limited (NYSE: BTCM) ( BIT Mining, the Company, we, us, our company, or our ), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021.
Cryptocurrency
Progress
BIT Mining Limited has completed the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, and data center operation.
As of today, we have deployed 50,113 mining machines. The theoretical maximum total hash rate capacity of such mining machines is about 1,031.5 PH/s, and we currently produce approximately 4 bitcoins each day. As of April 30, 2021, we have produced approximately 110 bitcoins, equivalent to revenue of approximately RMB40.6 million (US$6.2 million ....

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BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol


BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol
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SHENZHEN, China, April 20, 2021 /PRNewswire/  BIT Mining Limited (NYSE: BTCM) ( BIT Mining Limited or the Company ), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that its American Depositary Shares ( ADSs ), each representing the right to receive ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began trading under the Company s new English name, BIT Mining Limited , and its new ticker symbol, BTCM , effective at the opening of trading on the NYSE on Tuesday, April 20, 2021 (U.S. Eastern Daylight Time). ....

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BIT Mining Limited Announces First Closing of BTC.com Businesses Acquisition


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SHENZHEN, China, April 15, 2021 /PRNewswire/ BIT Mining Limited (NYSE: WBAI) ( BIT Mining Limited or the Company ), a leading cryptocurrency mining enterprise, today announced the first closing of its previously announced transactions (the Transactions ) contemplated by the share exchange agreement, as amended (the Share Exchange Agreement ), dated February 16, 2021, with Blockchain Alliance Technologies Holding Company ( Blockchain Alliance ), a Cayman Islands company and a Non-U.S. Person as defined in Regulation S of the Securities Act of 1933, as amended. Pursuant to the Share Exchange Agreement, the Company has issued an aggregate of 44,353,435 Class A ordinary shares of par value US$0.00005 per share of the Company (the Class A Ordinary Shares ) to Blockchain Alliance in exchange for the entire outstanding share capital of Blockchain Alliance Technologies Limited held by Blockchain Alliance. In accordance with the Share ....

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