SHENZHEN, China, April 20, 2021
/PRNewswire/ -- BIT Mining Limited (NYSE:
BTCM) ("BIT Mining Limited" or the "Company"), a leading
cryptocurrency mining enterprise, today announced that its American
Depositary Shares ("ADSs"), each representing the right to receive
ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began
trading under the Company's new English name, "BIT Mining Limited",
and its new ticker symbol, "BTCM", effective at the opening of
trading on the NYSE on Tuesday, April 20,
2021 (U.S. Eastern Daylight Time).
About BIT Mining Limited
BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency
mining enterprise, with a long-term strategy to create value across
the cryptocurrency industry. Since announcing its entry into the
industry in December 2020, the
Company has: (i) purchased and deployed bitcoin mining machines
with a theoretical hash rate capacity of approximately 1,031.5
PH/s; (ii) acquired three hydroelectric cryptocurrency mines with
combined electric power capacity of 435MW, by purchasing a
controlling stake in Loto Interactive Limited (HKEX:08198); and
(iii) acquired the entire mining pool business of Bitdeer
Technologies Holding Company operated under BTC.com, including the
domain name and the cryptocurrency wallet of BTC.com. The Company
has also entered into a definitive agreement with Bee Computing
(HK) Limited, a 7-nanometer cryptocurrency mining machine
manufacturer, in order to help sustain the Company's continued
growth. BIT Mining Limited (NYSE:
BTCM) was formerly known as 500.com Limited (NYSE: WBAI), an online sports lottery
service provider in China.
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@500wan.com
Ms. Danni Zheng
Phone: +86 755 8633 8005
The Piacente Group, Inc.
Helen Wu
Tel: +86 (10) 6508-0677
Email: 500@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: 500@tpg-ir.com
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SOURCE 500.com Limited