Search
How Ethiopia’s Low Energy Costs Allow BIT Mining to Recycle its Bitcoin Machines
7.1.2025
BIT Mining says that its Ethiopia operations create a positive feedback loop with its business in Ohio
Bitcoin ASIC maker Bitmain expands production line into US
10.12.2024
It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks
Bitcoin ASIC maker Bitmain expands production line into US
10.12.2024
It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks
Dogecoin Mining Turns Out 3 Times More Profitable for This Bitcoin Miner
5.12.2024
BIT Mining has made a whopping $100 million worth of DOGE on its Dogecoin mining operations, per a release
BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin
5.12.2024
BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021
BIT Mining Acquires Ethiopian Data Centers and Mining Machines
5.12.2024
BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value...
SEC and DOJ Strike Crypto Firm With Millions in Penalties Over Corruption
20.11.2024
A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultimately failed. A Mining Empire’s Downfall: Bribery Scandal Leads to Global Fallout The U.S. Department of Justice (DOJ) and the U.S. Securities...
BIT Mining to Pay $10M Penalty Over Bribery Allegations by SEC
19.11.2024
Crypto mining firm BIT Mining has agreed to pay a $10 million penalty to the U.S. Department of…
BIT Mining to pay $10M fine for bribing Japanese politicians in former life
19.11.2024
BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019
Bit Mining Sells Btc.com’s Mining Operations for $5 Million
30.12.2023
On Friday, Bit Mining Limited declared it had sold the mining pool operations of Btc.com to a Hong Kong limited liability company for $5 million. This transaction is anticipated to bolster the total equity of Bit Mining’s shareholders, contingent upon certain concluding conditions. BTCM...
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
27.12.2022
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...
A subsidiary of BIT Mining Limited encounters a cyberattack
27.12.2022
BTC.com, which happens to be a subsidiary of BIT Mining Limited, encountered one of the biggest fear factors of any company, a cyberattack. This occurrence took place on the 3rd of December, 2022. In the case of the uninitiated, BIT Mining Limited is an absolute top-of-the-line technology-oriented...
Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC
30.8.2022
Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have...
Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors
17.8.2022
Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital...
Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report
7.1.2022
The crypto community reportedly expects Kazakhstan’s internet and mining industry to return to normal by next Monday
Ohio to host BIT Mining's new 85 MW Bitcoin mining facility
22.9.2021
BIT Mining Limited has entered into a joint venture agreement with Viking Data Centers to develop a Bitcoin mining site in Ohio
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
29.7.2021
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys...
BIT Mining steps up Bitcoin mining operations in Kazakhstan
28.7.2021
The mining firm's expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022
Bit Mining raises $50M to take operations out of China
14.7.2021
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining
Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
22.6.2021
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch...