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NetworkNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Unaudited Financial Results for Q1 2022

Company: BIT Mining Limited (BTCM)
Category: News

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today reported unaudited financial results for the first quarter of 2022. “We are glad to announce our financial results for the first quarter ended March 31, 2022 , as we continue to execute on our strategy to create value within the cryptocurrency ecosystem,” said Xianfeng Yang, CEO of BIT Mining. “Over the past quarter, we focused on our expansion in North America and have made significant progress in the construction of our data centers in Ohio. In the meantime, we continued our Bitcoin and Ethereum mining businesses and the integration of other businesses such as mining pool operation and mining machine manufacturing to create synergies. Given our early-mover advantage in Ethereum mining, we are also making inroads into Proof-of-Stake (‘POS’) operations by providing a series of services including governance and monitoring, account system and nodes management. Looking forward, we plan to continue to enhance our value proposition and further strengthen our mining technology.”

To view the full press release, visit https://nnw.fm/Fw6jw

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com that provides multi-currency mining services including BTC, ETH and LTC. The company has entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, to complete the company’s vertical integration with its supply chain, increase its self-sufficiency and strengthen its competitive position. For more information about the company, visit www.BTCM.Group.

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