Bit Mining raises $50M to take operations out of China
Bit Mining raises $50M to take operations out of China Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. 2177 Total views News Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese Communist Party’s crackdown on crypto mining in May, noting plans ...
Source: cointelegraph.com