BIT Mining Completed the First Phase of Acquisition in Ethiopia
BIT Mining Limited ADS (BTCM)
Company Research
Source: PR Newswire
AKRON, Ohio, Dec. 9, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has completed the first phase of previously-announced acquisition of crypto mining data centers and Bitcoin ("BTC") mining machines in Ethiopia. To complete the first phase of the acquisition, the Company has made a cash payment of US$2.265 million and issued an aggregate number of 369,031,800 Class A ordinary shares to the sellers in exchange for a 35-megawatt operational and electrified crypto mining data center and 17,869 BTC mining machines. The second phase of the acquisition, which involves transfer of the remaining data centers to the Company, will close upon completion of construction of the remaining data centers, which is expected to occur in March or April 2025. Upon closing of the second phase, the Company will issue an additional 45,278,600 Class A ordinary shares as consideration.Abou
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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 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
- BIT Mining Announces Commitment to Litecoin (LTC) and Dogecoin (DOGE) Mining, Bringing Increased ProfitabilityPR Newswire
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