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BIT Mining Limited Announces Results of Annual General Meeting

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BIT Mining (NYSE: BTCM) held its annual general meeting (AGM) on January 7, 2025, where shareholders approved a significant increase in the company's authorized share capital to US$440,000. The new capital structure includes:

- 8,399,935,000 Class A Ordinary Shares (par value US$0.00005 each)
- 65,000 Class A Preference Shares (par value US$0.00005 each)
- 400,000,000 Class B Ordinary Shares (par value US$0.00005 each)

This restructuring involves the creation of 6,800,000,000 new Class A Ordinary Shares at a par value of US$0.00005 each.

BIT Mining (NYSE: BTCM) ha tenuto la sua assemblea generale annuale (AGM) il 7 gennaio 2025, durante la quale gli azionisti hanno approvato un significativo aumento nel capitale autorizzato dell'azienda a US$440,000. La nuova struttura del capitale include:

- 8,399,935,000 Azioni Ordinarie di Classe A (valore nominale US$0.00005 ciascuna)
- 65,000 Azioni Preferenziali di Classe A (valore nominale US$0.00005 ciascuna)
- 400,000,000 Azioni Ordinarie di Classe B (valore nominale US$0.00005 ciascuna)

Questa ristrutturazione prevede la creazione di 6,800,000,000 nuove Azioni Ordinarie di Classe A a un valore nominale di US$0.00005 ciascuna.

BIT Mining (NYSE: BTCM) celebró su reunión general anual (AGM) el 7 de enero de 2025, donde los accionistas aprobaron un aumento significativo en el capital social autorizado de la empresa a US$440,000. La nueva estructura de capital incluye:

- 8,399,935,000 Acciones Ordinarias Clase A (valor nominal US$0.00005 cada una)
- 65,000 Acciones Preferentes Clase A (valor nominal US$0.00005 cada una)
- 400,000,000 Acciones Ordinarias Clase B (valor nominal US$0.00005 cada una)

Esta reestructuración implica la creación de 6,800,000,000 nuevas Acciones Ordinarias Clase A con un valor nominal de US$0.00005 cada una.

BIT Mining (NYSE: BTCM)는 2025년 1월 7일 연례 총회를 개최하여 주주들이 회사의 허가된 자본금을 US$440,000로 대폭 증가시키는 것을 승인했습니다. 새로운 자본 구조에는 다음이 포함됩니다:

- 8,399,935,000 클래스 A 보통주 (액면가 US$0.00005 각각)
- 65,000 클래스 A 우선주 (액면가 US$0.00005 각각)
- 400,000,000 클래스 B 보통주 (액면가 US$0.00005 각각)

이 구조 조정은 각각 액면가 US$0.00005인 6,800,000,000개의 새로운 클래스 A 보통주를 생성하는 것을 포함합니다.

BIT Mining (NYSE: BTCM) a tenu sa réunion générale annuelle (AGM) le 7 janvier 2025, où les actionnaires ont approuvé une augmentation significative du capital autorisé de l'entreprise à 440 000 USD. La nouvelle structure du capital comprend :

- 8,399,935,000 Actions Ordinaires de Classe A (valeur nominale de 0,00005 USD chacune)
- 65,000 Actions Préférentielles de Classe A (valeur nominale de 0,00005 USD chacune)
- 400,000,000 Actions Ordinaires de Classe B (valeur nominale de 0,00005 USD chacune)

Cette restructuration implique la création de 6,800,000,000 nouvelles Actions Ordinaires de Classe A d'une valeur nominale de 0,00005 USD chacune.

BIT Mining (NYSE: BTCM) hielt am 7. Januar 2025 seine jährliche Hauptversammlung (AGM) ab, bei der die Aktionäre eine signifikante Erhöhung des genehmigten Aktienkapitals des Unternehmens auf US$440,000 genehmigten. Die neue Kapitalstruktur umfasst:

- 8,399,935,000 Stammaktien der Klasse A (Nennwert US$0.00005 je Stück)
- 65,000 Vorzugsaktien der Klasse A (Nennwert US$0.00005 je Stück)
- 400,000,000 Stammaktien der Klasse B (Nennwert US$0.00005 je Stück)

Diese Umstrukturierung beinhaltet die Schaffung von 6,800,000,000 neuen Stammaktien der Klasse A mit einem Nennwert von US$0.00005 je Stück.

Positive
  • Increased authorized share capital provides greater financial flexibility for future capital raising
Negative
  • Potential significant shareholder dilution due to creation of 6.8 billion new Class A Ordinary Shares

AKRON, Ohio, Jan. 8, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced the results of its annual general meeting of shareholders (the "AGM") held on January 7, 2025.

At the AGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$440,000 divided into 8,399,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 6,800,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

For more information:

BIT Mining Limited
ir@btcm.group
Ir.btcm.group  
www.btcm.group  

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com

Cision View original content:https://www.prnewswire.com/news-releases/bit-mining-limited-announces-results-of-annual-general-meeting-302345628.html

SOURCE BIT Mining Limited

FAQ

What was the outcome of BIT Mining's (BTCM) January 2025 AGM?

At the January 7, 2025 AGM, shareholders approved increasing the company's authorized share capital to US$440,000, including the creation of 6.8 billion new Class A Ordinary Shares.

How many new Class A Ordinary Shares did BTCM create in January 2025?

BIT Mining created 6,800,000,000 new Class A Ordinary Shares with a par value of US$0.00005 each.

What is the new authorized share capital structure of BTCM after January 2025 AGM?

The new structure includes 8.4 billion Class A Ordinary Shares, 65,000 Class A Preference Shares, and 400 million Class B Ordinary Shares, all at US$0.00005 par value.

What is the total authorized share capital of BTCM after the January 2025 AGM?

The total authorized share capital of BIT Mining was increased to US$440,000.

BIT Mining Limited

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