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Bit Mining Limited

Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors

Bit Mining Secures .3 Million Registered Direct Offering From Institutional InvestorsBit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital for Expansion, Mining Rigs, and Improving the Firm’s […]

Bitcoin Runes loses all momentum by 2024 end

Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

Chinese Firm Invests  Million in ‘Cryptocurrency Mining Data Center’ in TexasOn Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% […]

Bitcoin Runes loses all momentum by 2024 end

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for 0 MillionFollowing the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing […]

Bitcoin Runes loses all momentum by 2024 end