FAST NEWS: BIT Mining’s New Ohio Mine Achieves Power Milestone

The latest: Cryptocurrency mining company BIT Mining Ltd. (BCTM.US) announced on Tuesday that its mining site under construction in the U.S. state of Ohio has achieved approximately 50 megawatts (MW) of power capacity. Looking up: The project is designed for total electrical generation capacity of 150 MW, making completion of one-third of that an important milestone. When the facility opens, BIT Mining will be able to operate its own operations there and also provide services to third-party miners. Take Note: The cost of operating cryptocurrency mining operations in the U.S. is…

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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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