BIT Mining Ltd – ADR BTCM shares are buying and selling decrease by 40.72% to $0.46 Tuesday afternoon after the corporate introduced a $9.3 million registered direct providing.
BIT Mining says the corporate intends to make use of the online proceeds from this providing to spend money on mining machines, broaden infrastructure, enhance working capital place and spend money on new enterprise alternatives.
The providing is anticipated to shut on or about August 18th, topic to satisfaction of customary closing circumstances.
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In line with information from Benzinga Pro, BIT Mining has a 52-week excessive of $14.65 and a 52-week low of $0.44.