BIT Mining Limited to Report Fourth Quarter and Full Year 2021 Financial Results on February 17, 2022

Rhea-AI Summary

BIT Mining Limited (NYSE: BTCM) will release its unaudited financial results for the fourth quarter and full year ended December 31, 2021, on February 17, 2022, before U.S. market open. BIT Mining is a leading technology-driven cryptocurrency mining company, emphasizing vertical integration through the acquisition of Bee Computing, a 7-nanometer mining machine manufacturer. This strategic move aims to enhance supply chain self-sufficiency and competitive positioning in the cryptocurrency industry, which includes services in BTC, ETH, and LTC mining.

Positive

• Strategic acquisition of Bee Computing enhances supply chain self-sufficiency.
• Expansion into cryptocurrency mining services, covering multiple currencies including BTC, ETH, and LTC.

Negative

• None.

HONG KONG, Feb. 10, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2021, before the U.S. market open on Thursday, February 17, 2022.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The Company owns the world's top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The Company has also entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, to complete the Company's vertical integration with its supply chain, increase its self-sufficiency and strengthen its competitive position.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause BIT Mining's actual results to differ materially from those indicated in the forward-looking statements include, among others: the joint development and operation of the Ohio Mining Site, and the execution and anticipated benefits of BIT Mining's growth strategy, including the transactions contemplated under the Agreements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For further information:

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

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

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SOURCE BIT Mining Limited

FAQ

When will BIT Mining release its fourth quarter and full year 2021 financial results?

BIT Mining will release its financial results on February 17, 2022, before the U.S. market opens.

What company does BIT Mining plan to acquire?

BIT Mining plans to acquire Bee Computing, a 7-nanometer cryptocurrency mining machine manufacturer.

What services does BIT Mining offer?

BIT Mining provides multi-currency mining services, including BTC, ETH, and LTC through its BTC.com platform.

What is the significance of BIT Mining's acquisition of Bee Computing?

The acquisition aims to enhance BIT Mining's supply chain self-sufficiency and strengthen its competitive position in the cryptocurrency mining sector.