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BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021
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SHENZHEN, China, May 10, 2021 /PRNewswire/ BIT Mining Limited (NYSE: BTCM) ( BIT Mining, the Company, we, us, our company, or our ), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021.
Cryptocurrency
Progress
BIT Mining Limited has completed the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, and data center operation.
As of today, we have deployed 50,113 mining machines. The theoretical maximum total hash rate capacity of such mining machines is about 1,031.5 PH/s, and we currently produce approximately 4 bitcoins each day. As of April 30, 2021, we have produced approximately 110 bitcoins, equivalent to revenue of approximately RMB40.6 million (US$6.2 million). As of today, we have pro
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