BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

AKRON, Ohio, Feb. 2, 2023 /PRNewswire/ — BIT Mining Restricted (NYSE: BTCM) (“BIT Mining,” “the Firm,” “we,” “us,” or “our firm”), a number one technology-driven cryptocurrency mining firm, immediately introduced that it has obtained a letter from the New York Inventory Change (the “NYSE”), dated January 31, 2023, notifying the Firm that it has regained compliance with the NYSE’s continued itemizing requirements.

On July 29, 2022, the NYSE notified the Firm that it was not in compliance with the NYSE’s continued itemizing requirements as a result of, as of July 28, 2022, the common closing worth of the Firm’s American Depositary Shares (the “ADSs”) was lower than US$1.00 per ADS over a consecutive 30 trading-day interval.

On December 23, 2022, the Firm effected a change to a brand new ratio of 1 (1) ADS to 1 hundred (100) Class A atypical shares, par worth US$0.00005 per share, which had the identical impact as a one-for-ten reverse share cut up.

In its letter dated January 31, 2023, the NYSE confirmed {that a} calculation of the Firm’s common inventory worth for the 30-trading days ended January 30, 2023, indicated that the Firm’s inventory worth was above the NYSE’s minimal requirement of $1 primarily based on a 30-trading day common. Accordingly, the Firm is now not thought of beneath the $1 continued itemizing criterion.

About BIT Mining Restricted

BIT Mining (NYSE: BTCM) is a number one technology-driven cryptocurrency mining firm, with a long-term technique to create worth throughout the cryptocurrency business. Its enterprise covers cryptocurrency mining, mining pool, knowledge middle operation and mining machine manufacturing. The Firm owns the world’s high blockchain browser BTC.com and the excellent mining pool enterprise operated underneath BTC.com, offering multi-currency mining providers together with BTC, ETC and LTC. The Firm additionally owns a 7-nanometer cryptocurrency mining machine producer, Bee Computing, enabling the Firm’s self-efficiency via vertical integration with its provide chain.

Secure Harbor Statements

This information launch accommodates forward-looking statements throughout the that means of Part 21E of the Securities Change Act of 1934, as amended, and as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology corresponding to “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “goal”, “going ahead”, “outlook” and related statements. Such statements are primarily based upon administration’s present expectations and present market and working circumstances and relate to occasions that contain recognized or unknown dangers, uncertainties and different elements, all of that are troublesome to foretell and lots of of that are past the Firm’s management, which can trigger the Firm’s precise outcomes, efficiency or achievements to vary materially from these within the forward-looking statements. Additional info relating to these and different dangers, uncertainties or elements is included within the Firm’s filings with the U.S. Securities and Change Fee. The Firm doesn’t undertake any obligation to replace any forward-looking assertion because of new info, future occasions or in any other case, besides as required underneath legislation.

For extra info:

BIT Mining Restricted
ir@btcm.group
ir.btcm.group
www.btcm.group

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Electronic mail: BITMining@thepiacentegroup.com