HONG
KONG, July 26, 2022 /PRNewswire/ -- BIT
Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a
leading technology-driven cryptocurrency mining company, today
announced that it has completed its sale of 279,673,200 shares of
Loto Interactive Limited ("Loto Interactive") at the price of
HK$0.28 per share for a total
consideration of HK$78,308,496 in
cash (the "Transaction"). Upon completion of the Transaction, the
Company's ownership of Loto Interactive decreased to
8.79%. The Transaction was previously announced on July
12, 2022.
About BIT Mining
BIT Mining (NYSE: BTCM) 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,
providing multi-currency mining services including BTC, ETH and
LTC. The Company has also 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.
Forward-Looking 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. Important factors that could cause BIT
Mining's actual results to differ materially from those indicated
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@btcm.group
Ir.btcm.group
www.btcm.group
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
View original
content:https://www.prnewswire.com/news-releases/bit-mining-completes-sale-of-shares-of-loto-interactive-limited-301593235.html
SOURCE BIT Mining Limited