SHENZHEN, China, June 18, 2021 /PRNewswire/ -- BIT Mining Limited
(NYSE: BTCM) ("BIT Mining" or "the Company"), a leading
cryptocurrency mining enterprise, today announced that it has
completed its cash offer previously announced on March 31, 2021 to acquire
at HK$0.75 per share, all the shares in issue of Loto
Interactive Limited, (HKEX: 08198) ("Loto Interactive") other than
those already owned or agreed to be acquired by the Company and its
parties acting in concert, pursuant to Rule 26.1 of the Hong Kong
Code on Takeovers and Mergers (the "Share Offer") and its cash
offer for the cancellation of all options of Loto Interactive in
accordance with Rule 13.5 of the Hong Kong Code on Takeovers and
Mergers (the "Option Offer").
Upon closing of such cash offer, the Company acquired a total of 30,642,534
shares under the Share Offer, and a total of 6,800,000 options
under the Option Offer, which will be cancelled. The Company's ownership in Loto Interactive will
increase to 59.8% accordingly.
For further details of the results and settlement of the cash
offer, as well as the public float of Loto Interactive, please
refer to the joint announcement made by the Company and Loto
Interactive on the website of The Stock Exchange of Hong Kong
Limited on June 18, 2021.
About BIT Mining
BIT Mining (NYSE: BTCM) is a leading 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 has deployed
Bitcoin mining machines with a theoretical maximum total hash rate
capacity of approximately 1,031.5 PH/s, owns three hydroelectric
cryptocurrency data centers with a total power capacity of 435MW
and owns the entire mining pool business operated under BTC.com,
including the domain name BTC.com and the cryptocurrency wallet of
BTC.com. The Company has also entered into a definitive agreement
to acquire a 7-nanometer cryptocurrency mining machine
manufacturer, Bee Computing, to complete its vertical integration
with its supply chain, increase its self-sufficiency and strengthen
its competitive position.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For further information:
BIT Mining Limited
ir@btc.com
Ir.btc.com (The Investor Relations website has switched to
http://ir.btc.com.)
Ms. Danni Zheng
Phone: +86 755 8633 8005
The Piacente Group, Inc.
Helen Wu
Tel: +86 (10) 6508-0677
Email: BITMining@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
View original
content:http://www.prnewswire.com/news-releases/bit-mining-completes-cash-offer-for-shares-of-loto-interactive-301315439.html
SOURCE BIT Mining Limited