[144] BIT Mining Limited SEC Filing

Rhea-AI Filing Summary

BIT Mining Limited (BTCM) filed a Form 144 notifying the proposed sale of 438,786 ADRs (Common) for an aggregate market value of $1,162,783.00, to be sold on the NYSE with an approximate sale date of 08/18/2025. The filing shows these ADRs were acquired through vesting of Restricted Share Units under the issuer's share incentive plan from BIT Mining Limited on multiple dates between 03/30/2021 and 06/01/2025. The filing reports 16,340,000 shares outstanding for the class. No securities were reported sold by the person in the past three months. The filer affirms they are not aware of any undisclosed material adverse information about the issuer.

Positive

• Full transparency: Filing discloses exact number of ADRs, aggregate market value, and intended sale date
• Source clarity: All securities were acquired via vesting of Restricted Share Units under the issuer's plan
• Compliance: Seller attests no undisclosed material adverse information, consistent with Rule 144 requirements

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider notice to sell vested RSU shares totaling 438,786 ADRs for ~$1.16M; disclosure is standard and non-unique.

The Form 144 documents a planned sale of ADRs that were acquired through scheduled vesting of restricted share units. The aggregated quantity equals the cumulative vesting events listed, indicating no additional purchase consideration or complex payment arrangements. The proposed sale size represents a small fraction of the reported 16.34 million outstanding shares of the class. Given the filing's nature, this is a standard liquidity event rather than an operational disclosure; it provides transparency about potential share supply entering the market on the stated date.

Corporate Governance Expert

TL;DR: Transaction arises from executive compensation vesting; filing confirms compliance with Rule 144 resale notification requirements.

The detailed acquisition table shows all shares originated from the issuer's share incentive plan through multiple vesting dates, ending 06/01/2025, which supports that the sale is of vested compensation rather than open-market purchases. The filer’s signed representation that no material non-public information exists is standard and necessary for Rule 144 reliance. There are no indications of unusual trading plans disclosed on this form and no prior sales in the last three months were reported, simplifying aggregation calculations for compliance purposes.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADR (Common)	The Core Securities Company Limited 20/F, Standard Chartered Bank Building, 4-4A Des Voeux Road Central, Hong Kong K3 999077	438786	1162783.00	16340000	08/18/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADR (Common)	03/30/2021	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			1542	03/30/2021	Vesting of Restricted Share Units
ADR (Common)	11/22/2021	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			2400	11/22/2021	Vesting of Restricted Share Units
ADR (Common)	06/01/2022	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			100747	06/01/2022	Vesting of Restricted Share Units
ADR (Common)	03/10/2023	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			175103	03/10/2023	Vesting of Restricted Share Units
ADR (Common)	06/01/2024	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			73800	06/01/2024	Vesting of Restricted Share Units
ADR (Common)	06/01/2025	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			85194	06/01/2025	Vesting of Restricted Share Units

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What is the size of the proposed sale in the BTCM Form 144?

The Form 144 proposes the sale of 438,786 ADRs with an aggregate market value of $1,162,783.00.

When is the approximate sale date listed on the Form 144 for BTCM?

The approximate date of sale is listed as 08/18/2025.

How were the ADRs being sold acquired according to the filing?

All listed ADRs were acquired through the vesting of Restricted Share Units granted under BIT Mining Limited's share incentive plan on dates between 03/30/2021 and 06/01/2025.

Does the filer report any securities sold in the past three months?

No. The filing states Nothing to Report for securities sold during the past three months.

On which exchange will the proposed BTCM ADR sale occur?

The sale is indicated to occur on the NYSE.