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NEWS
BIT Mining to Acquire Ethiopian Mining Data Centers and Mining Machines
Tuesday, 3rd December at 5:30 am
AKRON, Ohio, Dec. 3, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a definitive agreement (the "Agreement") to acquire 51-megawatt crypto mining data centers in Ethiopia (the "Data Centers") and 17,869 high-quality Bitcoin("BTC") mining machines (the "BTC Mining Machines").
Under the Agreement, the Company will indirectly acquire the Data Centers and BTC Mining Machines for a total consideration of US$14.28 million. The consideration comprises a cash payment of US$2.265 million and the issuance of Class A ordinary shares of the Company with a par value of US$0.00005 per share, amounting to an aggregate value of US$12.015 million.
Tuesday, 3rd December at 5:30 am
AKRON, Ohio, Dec. 3, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a definitive agreement (the "Agreement") to acquire 51-megawatt crypto mining data centers in Ethiopia (the "Data Centers") and 17,869 high-quality Bitcoin("BTC") mining machines (the "BTC Mining Machines").
Under the Agreement, the Company will indirectly acquire the Data Centers and BTC Mining Machines for a total consideration of US$14.28 million. The consideration comprises a cash payment of US$2.265 million and the issuance of Class A ordinary shares of the Company with a par value of US$0.00005 per share, amounting to an aggregate value of US$12.015 million.
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