BIT Mining Limited to be Added to the MSCI China Small Cap Index

Rhea-AI Summary

BIT Mining Limited (NYSE: BTCM) will be added to the MSCI China Small Cap Index, effective May 27, 2021. This index is recognized by global institutional investors as a benchmark for optimizing investment portfolios. BIT Mining is a leading cryptocurrency mining company engaged in various operations, including mining, data centers, and manufacturing mining machines. With a total hash rate capacity of approximately 1,031.5 PH/s and 435MW power from hydroelectric data centers, the company is vertically integrating by acquiring Bee Computing to strengthen its supply chain.

Positive

• Inclusion in the MSCI China Small Cap Index can enhance visibility and attract institutional investors.
• Total hash rate capacity of approximately 1,031.5 PH/s indicates strong mining capability.
• Acquisition of Bee Computing will vertically integrate and strengthen supply chain management.

Negative

• None.

SHENZHEN, China, May 12, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company,"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), announced today that the Company's stock will be added to the MSCI China Small Cap Index, effective as of market close on May 27, 2021.

The MSCI China Small Cap Index is an equity index compiled by MSCI Inc. designed to measure the performance of the small cap segment of the China market. The index has been widely recognized as a benchmark for global institutional investors to optimize their investment portfolios.

About BIT Mining Limited

BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing.  The Company has deployed bitcoin mining machines with a theoretical maximum total hash rate capacity of approximately 1,031.5 PH/s, owns three hydroelectric cryptocurrency data centers with a total power capacity of 435MW and owns the entire mining pool business operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete its vertical integration with its supply chain, increase its self-sufficiency while also strengthening its competitive position. 

For more information:

BIT Mining Limited
ir@500wan.com

Ms. Danni Zheng
Phone: +86 755 8633 8005

The Piacente Group, Inc.
Helen Wu
Tel: +86 (10) 6508-0677
Email: 500@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: 500@tpg-ir.com

View original content:http://www.prnewswire.com/news-releases/bit-mining-limited-to-be-added-to-the-msci-china-small-cap-index-301289837.html

SOURCE BIT Mining Limited

FAQ

What is the significance of BIT Mining being added to the MSCI China Small Cap Index?

Being included in the MSCI China Small Cap Index can enhance BIT Mining's visibility and attract institutional investors.

How much is BIT Mining's total hash rate capacity?

BIT Mining has a total hash rate capacity of approximately 1,031.5 PH/s.

What company is BIT Mining acquiring for its vertical integration?

BIT Mining is acquiring Bee Computing (HK) Limited to enhance its supply chain and self-sufficiency.

When will BIT Mining be added to the MSCI China Small Cap Index?

BIT Mining will be added to the MSCI China Small Cap Index effective May 27, 2021.