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Bit Mining Ltd. (China)

Main Activities: Other Amusement and Recreation Industries
Full name: Bit Mining Ltd. Profile Updated: November 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong.
The Company has two reportable segments, including the data center business and the cryptocurrency mining.
The Company operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines. In addition, it engages in online gaming activities; and provision of technology services.
HISTORY
2007 The Company was incorporated under the laws of the Cayman Islands on April 20, 2007 under the original name of “Fine Success Limited”.
2011 The Company changed its name to “500wan.com” on May 9, 2011.
2013 The Company changed its name to “500.com Limited” on October 9, 2013.
The Company s ADSs began trading on the New York Stock Exchange under the ticker symbol “WBAI” on November 22, 2013.
2015 In December 2015, The Company acquired a 63 equity interest in Sumpay.cn and its wholly-owned subsidiaries, which provide third-party payment services in China.
2016 In July 2016, The Company acquired a 100 equity interest in Shenzhen Caiyu, a provider of sports information services in China.
In October 2016, The Company acquired a 51 equity interest in Shenzhen Kaisheng, a provider of online spot commodity trading services in China.
In November 2016, The Company acquired a 51 equity interest in Qufan Internet Technology Inc., and Shenzhen Qufan Network Technology Co., Ltd.
2017 In June 2017, the Company acquired a 40.65 equity interest in Loto Interactive Limited, or Loto Interactive, a company listed on the Hong Kong Stock Exchange (Stock Code: 8198).
2021 The Company changed its name to “BIT Mining Limited” on April 8, 2021.
On April 15, 2021, the Company completed the acquisition of the entire mining pool business of Blockchain Technologies Holding Company
The Company s ticker symbol on the NYSE changed to “BTCM” on April 20, 2021.

Headquarters
428 South Seiberling Street, Akron, Ohio
Akron; Ohio; Postal Code: 44306

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Website: http://btcm.group

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2001
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Chief Technology Officer
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Director/Member of the Board
Ownership Details
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32.59%
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25%
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17.3%
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8.15%
Subsidiaries
Crypto Flow Technology Limited (Hong Kong SAR, China)
8.79%
500.Com Usa Corporation (United States)
500Wan Hk Limited (Hong Kong SAR, China)
Company Performance
Financial values in the chart are available after Bit Mining Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-86.82%
Total operating revenue
-86.92%
Operating profit (EBIT)
19.53%
Net Profit (Loss) for the Period
N/A
Total assets
-22.97%
Total equity
-3.59%
Operating Profit Margin (ROS)
-10.13%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
0.78%
Cash Ratio
0.01%

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