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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces $16M Registered Direct Offering

Company: BIT Mining Limited. (BTCM)
Category: News

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a securities purchase agreement with certain institutional investors. The registered direct offering is for the purchase and sale of 16,000,000 of the company’s American Depositary Shares (“ADSs”) (or pre-funded warrant to purchase certain ADSs (“ADS Equivalent”) in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants. Each ADS represents ten (10) Class A ordinary shares, par value US$0.00005 per share, of BIT Mining. Subject to the satisfaction of customary conditions, the offering is expected to close on or about June 27, 2022. H.C. Wainwright & Co. LLC is acting as the exclusive placement agent for the offering.

To view the full press release, visit https://ccw.fm/xS9KO

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position. For more information about the company, visit www.BTCM.Group.

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