{"id":88879,"date":"2023-12-29T19:44:49","date_gmt":"2023-12-29T17:44:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88879"},"modified":"2025-09-13T20:43:20","modified_gmt":"2025-09-13T17:43:20","slug":"bit-mining-finds-buyer-for-btc-com-mining-pool-for-5-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bit-mining-finds-buyer-for-btc-com-mining-pool-for-5-million\/","title":{"rendered":"BIT Mining Finds Buyer for BTC.com Mining Pool for $5 Million"},"content":{"rendered":"

BIT Mining Limited, listed on the New York Stock Exchange, announced<\/a> the sale of its BTC.com mining pool. The buyer is Hong Kong-based Esport \u2013 Win Limited.<\/p>\n

According to the press release, the deal value was $5 million. It does not affect BIT Mining’s other businesses.<\/p>\n

The sale is subject to regulatory approvals. The company added that the segment’s net operating loss for the full year 2022 amounted to $2.6 million.<\/p>\n

\n

“By selling the loss-making business, … we will become more resilient, and our core resources will be focused on research and development and on growing our existing businesses,” said Yang Xianfeng, BIT Mining’s CEO.<\/p>\n<\/blockquote>\n

The shares reacted negatively to the news. The current price stood at $5.12.<\/p>\n

\\\"Snimok-ekrana-2023-12-29-v-19.29.54\\\"
Data: MarketWatch<\/a>.<\/figcaption><\/figure>\n

In January 2021 BIT Mining (then an online lottery services provider under the name 500.com Limited) signed an agreement to purchase the first tranche of mining equipment for $14.4 million<\/a>.<\/p>\n

One month later the firm bought an additional 5,900 devices for bitcoin mining<\/a> and became the owner of the BTC.com pool<\/a>.<\/p>\n

In March 500.com undertook a rebranding to BIT Mining Limited<\/a>.<\/p>\n

As noted, in the second quarter of 2023 the firm’s revenue stood at $74.1 million<\/a>. The mining pool contributed the largest share \u2014 $65.9 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

BIT Mining Limited, listed on the New York Stock Exchange, announced the sale of the BTC.com mining pool.<\/p>\n","protected":false},"author":1,"featured_media":88880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1713,83,1137],"class_list":["post-88879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bit-mining-limited","tag-business","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88879"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88879\/revisions"}],"predecessor-version":[{"id":88881,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88879\/revisions\/88881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88880"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}