BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated July 29, 2022, notifying the Company that it was not in compliance with applicable price criteria (the "Price Criteria") in the NYSE's continued listing standards because, as of July 28, 2022, the average closing price of the Company's American Depositary Shares (the "ADSs") was less than US$1.00 per ADS over a consecutive 30 trading-day period.
BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced the closing of its previously announced registered direct offering on June 27, 2022, with certain institutional investors 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, in a registered direct offering. Each ADS represents ten (10) Class A ordinary shares, par value US$0.00005 per share, of BIT Mining.
Greenidge to Expand Bitcoin Mining Fleet with Order of Latest Generation Mining Machines from Bitmain
Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated bitcoin mining and power generation company, today announced that it has placed an order for 10,000 S19j Pro bitcoin miners from Bitmain. Greenidge intends to deploy all 10,000 units at its anticipated Spartanburg, South Carolina facility. The order would bring an additional 1 EH of capacity to the company's bitcoin mining operations. The miners are currently scheduled to be delivered in the second and third quarters of 2022.
KuCoin, a global leading crypto exchange, is proud to announce the launch of its KuCoin Pool product. The Proof-of-Work mining pool will support global cryptocurrency miners by providing mining revenue after connecting their mining rigs. Mining is an indispensable part of the blockchain industry as an underlying infrastructure, especially with the dominance of the PoW consensus algorithm. As an important innovation in blockchain history, mining achieved a win-win situation for both blockchain projects and miners, with the former obtaining security and the latter getting rewards. Therefore, loads of miners joined the activities at the initial stage of blockchain development.
We could not wait to present you the first part of the huge transformation. CryptoUniverse is always trying to reach the highest level of transparency, so you can feel every hash/second is running near you, but without any noise, heat or space taken from your home.
Kazakhstan-based mining provider Xive announced mining capacities empowerment and the launch of an updated site on July 9th. On xive.io website users can buy a fast mining contract starting from $4.55, and pre-order mining powers or even become a partner of the company by filling out an application for the equity purchase. Besides hashpower sharing, Xive offers its clients mining hardware accommodation starting from $0.042 per KWh. Xive also offers low upkeep costs, customer support and real-time hardware monitoring.
Axora, an innovation hub providing a global marketplace of proven digital solutions has launched an online Smart Mining resource centre to help mining companies rebound from and thrive after the global Coronavirus pandemic. The centre provides the latest industry insights and access to digital solutions and technologies which mining companies can adopt to accelerate their business growth, reduce wasted investment, and avoid duplication.
The centralization of power and authority in the hands of a small group of people leaves the majority underprivileged. The lack of resources confines the growth of those people up to a defined level where they cannot compete or overgrow the ones already at the top of the business hierarchy. This is exactly what ails the Big Data, AI, and cryptocurrency mining industry in the present times — the concentration of power, computing power.
Bit5ive, The Authority In Bitcoin Mining, Is Appointed Official Distribution Partner Of Bitmain, The Multinational Fabless Hardware Manufacturer
Known as the global leaders in cryptocurrency mining and innovative turnkey solutions, Bit5ive LLC has been named official distribution partner of Bitmain, the industry-leading fabless manufacturer in computing chips, distributing antminers to over 30 countries in Latin and Central America plus the Caribbean. Those countries include Paraguay, Colombia, Argentina, Chile, Venezuela, Uruguay, Mexico and more.
The global crypto community is currently abuzz with the capabilities of the recently launched cryptocurrency miners from Zigmabit. Unlike hundreds of ordinary products available in the market, they have introduced three extremely powerful miners offering a hash rate power of up to 2000 TH/s for Bitcoin. Built using the Zigmabit ASIC chip technology, these miners offer competitive return on investment in less than a month