Caught in the headlights, desperate Bitdeer inches closer to listing
The operator of a cryptocurrency mining platform is in the final stages of a U.S. backdoor listing using a special purpose acquisition company (SPAC) Key Takeaways: The U.S. securities regulator…
BIT Mining in Cash Conservation Mode as Harsh Crypto Winter Rages On
The crypto currency miner’s net loss ballooned in last year’s fourth quarter, as it appears to have sharply slowed its main mining pool business to keep down costsKey Takeaways:BIT Mining’s…
FAST NEWS: BIT Mining Raises $9.3 Million in New Share Sale at Big Discount
The latest: Cryptocurrency miner BIT Mining Ltd. (BTCM.US) announced on Tuesday it has agreed to sell “certain institutional investors” 15.6 million of its American depositary shares (ADSs), as well as…
Latest Bitcoin Meltdown Pressures Chinese Crypto Companies
The recent massive selloffs in bitcoin and other crypto currencies have left Ebang, Canaan and BIT Mining coping with tanking share prices and dire business outlooks Key Takeaways: Ebang, a…
Covid Bites Canaan in First Quarter, But Advance Orders Bode Well for Second
Leading crypto mining machine maker aims to ride the recent bitcoin slump by allocating more resources to its own mining Key Takeaways Canaan’s first-quarter sales more than tripled, but Covid-related…
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…
FAST NEWS: BIT Mining’s New Ohio Mine Achieves Power Milestone
The latest: Cryptocurrency mining company BIT Mining Ltd. (BCTM.US) announced on Tuesday that its mining site under construction in the U.S. state of Ohio has achieved approximately 50 megawatts (MW) of…
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