BIT Mining’s Rapid Move into Crypto Space Shows Early Signs of Depth

Former lottery ticket seller’s stock follows highly volatile bitcoin price, as its new business model shows positive results Key points: To survive in its new form as crypto miner BIT Mining must grow as quickly as possible, control costs, and efficiently integrate its acquisitions The company must also steer clear of Chinese oversight, become greener, and accept that its destiny will often be shaped by forces beyond its control By Ben Livesey The recently minted BIT Mining Ltd. (NYSE: BTCM) is doing what it says on the label – mining…

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