[144] BIT Mining Limited SEC Filing

Rhea-AI Filing Summary

BIT Mining Limited (BTCM) filed a Form 144 notifying the proposed sale of 218,850 ADRs representing common shares, with an aggregate market value of $579,952.00. The filing states the total number of shares outstanding is 16,340,000 and the proposed approximate sale date is 08/18/2025 on the NYSE. All listed ADRs were acquired via vesting of restricted share units under the issuer's share incentive plan from BIT Mining Limited on various dates between 03/01/2018 and 06/01/2025. The filer reported no securities sold in the past three months and included the standard certification regarding material nonpublic information.

Positive

• Rule 144 compliance: The filer provided detailed acquisition dates and vesting sources, meeting disclosure requirements
• No recent sales: The filer reported "Nothing to Report" for securities sold in the past three months

Negative

• Insider sale planned: Proposed sale of 218,850 ADRs with aggregate value $579,952
• Concentration from RSU vesting: All shares to be sold originate from vested restricted share units granted under the issuer's incentive plan

Insights

Securities Analyst

TL;DR: Insider filing discloses proposed sale of 218,850 ADRs (~$580k), a small portion of outstanding shares.

The Form 144 shows a proposed sale of 218,850 ADRs with an aggregate market value of $579,952, to occur on 08/18/2025 on the NYSE. The filing documents acquisition dates and that the ADRs resulted from RSU vesting across 2018–2025. Compared with the reported 16,340,000 shares outstanding, the proposed sale represents approximately 1.34% of outstanding ADRs by count. The filer also states that no securities were sold in the past three months. This disclosure satisfies Rule 144 notice requirements and provides a clear chain of acquisition for the securities to be sold.

Corporate Governance Expert

TL;DR: Routine Rule 144 notice documenting insider-held RSU vesting and intended sale; compliance-focused disclosure.

The filing itemizes multiple vesting events from 2018 through 2025 as the source of the ADRs to be sold and affirms the filer does not possess undisclosed material adverse information. The detailed acquisition schedule and the absence of other recent sales indicate this is a planned disposition of vested equity rather than an emergency liquidation. The document appears procedurally complete for a Rule 144 notice, including broker identification and proposed sale date.

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 SecuritiesCompany Limited 20/F, StandardChartered BankBuilding 4-4A Des Voeux Road Central K3 999077	218850	579952.00	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)	03/01/2018	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			31	03/01/2018	Vesting of Restricted Share Units
ADR(Common)	03/01/2018	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			300	03/01/2018	Vesting of Restricted Share Units
ADR(Common)	06/01/2018	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			27	06/01/2018	Vesting of Restricted Share Units
ADR(Common)	06/01/2018	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			300	06/01/2018	Vesting of Restricted Share Units
ADR(Common)	06/01/2019	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			32	06/01/2019	Vesting of Restricted Share Units
ADR(Common)	06/01/2019	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			300	06/01/2019	Vesting of Restricted Share Units
ADR(Common)	12/21/2020	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			456	12/21/2020	Vesting of Restricted Share Units
ADR(Common)	12/21/2020	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			4500	12/21/2020	Vesting of Restricted Share Units
ADR(Common)	02/09/2021	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			40000	02/09/2021	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			519	06/01/2022	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			1484	06/01/2022	Vesting of Restricted Share Units
ADR(Common)	08/15/2022	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			15516	08/15/2022	Vesting of Restricted Share Units
ADR(Common)	08/15/2022	Vesting of Restricted Share Units granted pursuant to the Issuer's Share Incentive Plan	BIT Mining Limited			6084	08/15/2022	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			4040	03/10/2023	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			38921	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			4747	06/01/2024	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			46495	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			5148	06/01/2025	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			49950	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 does the Form 144 for BIT Mining (BTCM) disclose?

The Form 144 notifies a proposed sale of 218,850 ADRs valued at $579,952, to be sold on 08/18/2025 on the NYSE.

Where did the ADRs being sold by BTCM originate?

The filing states all ADRs were acquired through the vesting of restricted share units under the issuer's share incentive plan between 2018 and 2025.

How many shares outstanding does BIT Mining report in the filing?

The filing lists 16,340,000 shares outstanding.

Has the filer sold any BTCM securities in the past three months?

No; the Form 144 shows "Nothing to Report" for securities sold during the past three months.

On which exchange is the proposed sale of BTCM ADRs planned?

The proposed sale is scheduled on the NYSE.