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SHENZHEN, China, April 15, 2021 /PRNewswire/ BIT Mining Limited (NYSE: WBAI) ( BIT Mining Limited or the Company ), a leading cryptocurrency mining enterprise, today announced the first closing of its previously announced transactions (the Transactions ) contemplated by the share exchange agreement, as amended (the Share Exchange Agreement ), dated February 16, 2021, with Blockchain Alliance Technologies Holding Company ( Blockchain Alliance ), a Cayman Islands company and a Non-U.S. Person as defined in Regulation S of the Securities Act of 1933, as amended. Pursuant to the Share Exchange Agreement, the Company has issued an aggregate of 44,353,435 Class A ordinary shares of par value US$0.00005 per share of the Company (the Class A Ordinary Shares ) to Blockchain Alliance in exchange for the entire outstanding share capital of Blockchain Alliance Technologies Limited held by Blockchain Alliance. In accordance with the Share Exchange