Welcome to our dedicated page for Bit Mining news (Ticker: BTCM), a resource for investors and traders seeking the latest updates and insights on Bit Mining stock.
BIT Mining Limited (BTCM) provides a vertically integrated cryptocurrency mining platform combining self-operated data centers, mining pool management, and advanced hardware production. This page serves as the definitive source for official updates and analysis on the company's strategic developments within the blockchain ecosystem.
Investors and industry observers will find comprehensive coverage of operational expansions, technology innovations, and regulatory compliance updates. Key focus areas include hydroelectric-powered mining facilities, efficiency improvements in 7-nanometer chip-based mining rigs, and developments within the BTC.com mining pool network.
All content undergoes rigorous verification to ensure accurate reporting on financial disclosures, partnership announcements, and sustainability initiatives. The curated news selection enables stakeholders to track BIT Mining's progress in optimizing energy efficiency while maintaining competitive hash rates.
Bookmark this page for real-time updates on BIT Mining's efforts to strengthen its position as a leader in sustainable cryptocurrency infrastructure. Regularly refreshed content ensures informed decision-making for those monitoring the evolving crypto-mining sector.
BIT Mining (NYSE: BTCM) has announced a US$14.28 million acquisition of 51-megawatt crypto mining data centers in Ethiopia and 17,869 Bitcoin mining machines. The deal includes a US$2.265 million cash payment and company shares worth US$12.015 million.
The acquisition will be completed in two phases: first, a 35-megawatt operational data center and all mining machines will be transferred, followed by the remaining data centers upon construction completion. This strategic move follows BIT Mining's divestiture of its mining pool business, focusing on mining machine innovation, self-operated mining, and data center operations.
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