Limited Fundamentals News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Misty Lee
December 22, 2020
BIT Mining Limited [NYSE: BTCM] stock went on a downward path that fall over -10.30% on Tuesday, amounting to a one-week price decrease of less than -41.53%. The company report on May 24, 2021 that BIT Mining Limited to Invest in Cryptocurrency Mining in Kazakhstan.
BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining enterprise, announced that it has entered into a binding investment term sheet (the “Term Sheet”) with a Kazakhstan-based company (“Local Partner”) to jointly invest in a cryptocurrency mining data center in Kazakhstan (the “Kazakhstan Mining Data Center”).
Pursuant to the Term Sheet, the Company will invest a total amount of RMB60 million (US$9.33 million) to jointly construct and operate the Kazakhstan Mining Data Center. Once constructed, the total power capacity of the Kazakhstan Mining Data Center is expected to be 100MW. The Company will hold a ....

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