BIT Mining’s Radical Shift Brings Back Revenue, But Profits Remain Elusive
Company reported a surge in fourth-quarter revenue after switching to crypto mining a year ago, but shares fell as it failed to post a profit Key takeaways: • BIT Mining’s…
BIT Mining’s Rapid Move into Crypto Space Shows Early Signs of Depth
Former lottery ticket seller’s stock follows highly volatile bitcoin price, as its new business model shows positive results Key points: To survive in its new form as crypto miner BIT…
Cryptocurrency Wannabe Ebang Mines Investors for Funds with Talk of Transformation
Mining machine manufacturer moves into exchange operation and mining business in bid to pump up modest revenue base Major takeaways: Ebang is a company trying to transform from a minor…
500.com Rolls the Dice on Bitcoin
Former lottery ticket seller reinvents itself as a virtual currency miner (more…)
