BIT Mining to Acquire Ethiopian Mining Data Centers and Mining Machines
BIT Mining Limited ADS (BTCM)
Company Research
Source: PR Newswire
AKRON, Ohio, Dec. 3, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a definitive agreement (the "Agreement") to acquire 51-megawatt crypto mining data centers in Ethiopia (the "Data Centers") and 17,869 high-quality Bitcoin ("BTC") mining machines (the "BTC Mining Machines").Under the Agreement, the Company will indirectly acquire the Data Centers and BTC Mining Machines for a total consideration of US$14.28 million. The consideration comprises a cash payment of US$2.265 million and the issuance of Class A ordinary shares of the Company with a par value of US$0.00005 per share, amounting to an aggregate value of US$12.015 million.The transaction will be executed in two phases. Upon completion of the first phase, a 35-megawatt operational and electrified crypto mining data center and all the BTC Mining Machines will be transferred to the Company. Th
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News
- BIT Mining Limited Regains Compliance with NYSE Continued Listing StandardsPR Newswire
- BIT Mining Limited to Hold Annual General Meeting on January 7, 2025PR Newswire
- BIT Mining Completed the First Phase of Acquisition in EthiopiaPR Newswire
- BIT Mining Limited (NYSE: BTCM) had its "neutral" rating re-affirmed by analysts at HC Wainwright.MarketBeat
- Dogecoin Mining Turns Out Three Times More Profitable for This Bitcoin Miner [Yahoo! Finance]Yahoo! Finance
BTCM
Earnings
- 2/23/24 - Miss
BTCM
Analyst Actions
- 12/5/24 - HC Wainwright
BTCM
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/10/24 - Form 6-K
- BTCM's page on the SEC website