BIT Mining - FinTecBuzz

BIT Mining Launches Energy Efficient LiteCoin/DogeCoin Miner LD3

January 17, 20234 min

BIT Mining Limited (NYSE: BTCM) (“BIT Mining,” “the Company,” “we,” “us,” or “our company”), a leading technology-driven cryptocurrency mining company, today announced the launch of their state-of-the-art Litecoin (“LTC”) / Dogecoin (“DOGE”) mining machine, model LD3 (“LD3”), which was specifically designed for mining on the DOGE and LTC blockchains. The power efficiency of 0.73 W/MH and 4800 MH/s delivery make the LD3 machine more profitable than its predecessors in terms of efficient energy consumption. As a result, it is one of a few cutting-edge...

by PRNewswire

Crypto Currencies

BIT Mining Announces First Closing of Bee Computing Acquisition

June 1, 20226 min

BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced it has successfully completed the first closing of its previously announced share exchange agreement dated April 5, 2021 (as amended and restated in April 2022, the “Amended and Restated Share Exchange Agreement”) entered into by the Company and the shareholders (the “Selling Shareholders”) of Bee Computing (HK) Limited (“Bee Computing”). At the first closing of the Amended and Restated Share Exchange...

by PRNewswire

Crypto Currencies

BIT Mining Limited Announces Unaudited Financial Results

May 30, 202230 min

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 first quarter ended March 31, 2022. Cryptocurrency Business Progress BIT Mining is a leading technology-driven cryptocurrency mining company with three primary business segments covering self-mining, mining pool and data center operation. The Company is pursuing its development strategy to focus on cryptocurrency mining operations globally. As of today, the...

by PRNewswire

Crypto Currencies

BIT Mining Limited Announces Unaudited Financial Results

August 18, 202139 min

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. The Company has commenced ethereum mining operations outside of mainland China, with a theoretical maximum total hash rate capacity of 600 GH/s deployed...

by PRNewswire

Crypto Currencies

BIT Mining Limited to Invest in Cryptocurrency Mining Data Center

May 20, 20213 min

BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading cryptocurrency mining enterprise, today announced that it has entered into a binding investment term sheet (the “Term Sheet”) with Dory Creek, LLC (“Dory Creek”), a wholly-owned subsidiary of Bitdeer, Inc. to invest in a cryptocurrency mining data center in Texas (the “Texas Mining Center”). Pursuant to the Term Sheet, the Company will invest a total amount of US$25.74 million and jointly construct and operate the Texas Mining Center...