BIT Mining Announces Commitment to Litecoin (LTC) and Dogecoin (DOGE) Mining, Bringing Increased Profitability
BIT Mining Limited ADS (BTCM)
Company Research
Source: PR Newswire
Using self-produced LD3 Miners, BIT Mining is responsible for 1.32% of the global Litecoin and Dogecoin Network Hash RateAKRON, Ohio, Dec. 4, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced the Company's continued commitment to self-mining Litecoin (LTC) and Dogecoin (DOGE) alongside Bitcoin (BTC) mining and its data center hosting businesses. As other crypto miners look to diversify revenue streams in a post-halving environment, the Company's expansion into Litecoin (LTC) and Dogecoin (DOGE) has proved to be nearly three times more profitable than mining BTC alone."At BIT Mining, we believe our cutting-edge technology and forward-thinking strategy uniquely position us to adapt to market shifts and seize new opportunities," commented Xianfeng Yang, CEO of BIT Mining. "By combining innovation with agility, we are enhancing our competitive edge and creating value for our stak
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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