Bit Mining Sells Mining Pool Due to Loss of $2.6M

In a strategic move aimed at optimizing its operations, renowned mining firm Bit Mining Limited announced the sale of its mining pool division associated with for $5 million. The transaction, involving the Hong Kong-based Esport-Win Limited, is expected to impact the company’s equity positively, depending on certain closing conditions.

On December 29, the bitcoin mining and blockchain infrastructure company announced the divestiture of its mining pool business through a document shared with the Securities and Exchange Commission (SEC). Esport-Win Limited, a Hong Kong limited liability company, emerged as the acquiring entity in this strategic transaction. The filing…

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