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琴声悠悠
2021-06-22
$比特矿业(BTCM)$
不经历风雨波折哪能见彩虹,海外市场又是一次转折[强] [强]
琴声悠悠
2021-05-25
一个有社会责任心的企业,一定是一个长久的企业
$比特矿业(BTCM)$
@BIT Mining Limited:比特矿业宣布在美国德克萨斯州投建矿场
琴声悠悠
2021-05-25
$比特矿业(BTCM)$
提高自我竞争力[强] [强] [强] [强]
@BIT Mining Limited:比特矿业宣布在哈萨克斯坦投建矿场,并签署两项哈萨克斯坦矿机托管协议
琴声悠悠
2021-05-10
虚拟货币,区块链产业,正是火爆时期
$乐透互娱(08198)$
$比特矿业(BTCM)$
期待你们的大爆发
BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021
琴声悠悠
2021-04-15
区块链利好,我们也要紧跟脚步
抱歉,原内容已删除
琴声悠悠
2021-03-31
$500彩票网(WBAI)$
$乐透互娱(08198)$
的这波操作[强] ,重回巅峰指日可待
抱歉,原内容已删除
琴声悠悠
2021-03-23
以数据说话
$500彩票网(WBAI)$
琴声悠悠
2021-03-20
$500彩票网(WBAI)$
看今晚起飞
琴声悠悠
2021-03-17
$500彩票网(WBAI)$
稳稳的👍
琴声悠悠
2021-03-15
有实力,起飞
$500彩票网(WBAI)$
@BIT Mining Limited:比特矿业宣布已完成918.5PH/s算力的比特币矿机收购
琴声悠悠
2021-03-11
$500彩票网(WBAI)$
都在期待你突飞猛进
琴声悠悠
2021-03-09
🐮🐮🐮
@BIT Mining Limited:500.com董事会批准公司更名为“比特矿业”
琴声悠悠
2021-03-04
$Marathon Digital Holdings Inc(MARA)$
这势头不
$500彩票网(WBAI)$
加油,看好你
琴声悠悠
2021-03-03
$Marathon Digital Holdings Inc(MARA)$
$500彩票网(WBAI)$
5万会是比特币的最高职吗?
琴声悠悠
2021-03-01
$500彩票网(WBAI)$
$乐透互娱(08198)$
完美组合
@美港股观察社:区块链概念股一片绿,为何500.com逆势翻红?
琴声悠悠
2021-02-26
好深玩家,装配配置齐全并且还多
抱歉,原内容已删除
琴声悠悠
2021-02-25
$500彩票网(WBAI)$
这次准备破30
琴声悠悠
2021-02-23
全面进军,就看后期效果
$乐透互娱(08198)$
$500彩票网(WBAI)$
🐮🐮🐮🐮
抱歉,原内容已删除
琴声悠悠
2021-02-22
全方位的解读分析,这是观望着的福音
@吴说:500.com市值2月涨10倍 未来还有想象空间吗?
琴声悠悠
2021-02-19
$500彩票网(WBAI)$
最近业务频频更新利好,股票这也是要准备蓄力再出击吗?
去老虎APP查看更多动态
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根据条款,公司计划投入总金额2574万美元,与Dory Creek共同建设和运营负荷为57.2兆瓦的矿场。此次拟投建的德州矿场,将使用85%以上清洁能源和低碳环保能源发电。随着德州电网电力结构的优化,清洁能源比例会进一步提高。 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(以下简称“公司”),今天宣布已与一家哈萨克斯坦公司(“合作方”)签署了一份有法律约束力的投资条款(以下简称“条款”),双方将在哈萨克斯坦共同投资建设大数据中心(“哈萨克斯坦矿场”)。根据条款,公司计划投入总金额6000万人民币(约合 933万美金),与合作方共同建设和运营负荷为100兆瓦的矿场。矿场建成后,公司将持有哈萨克斯坦矿场的80%股权, 合作方持有20%股权。 与此同时,公司与该合作方以及另外一家哈萨克斯坦公司(以下简称“运营管理方”)签署了矿机托管协议(以下简称“协议”)。协议规定,合作方以及运营管理方将同时给公司在哈萨克斯坦提供大数据综合服务,包括公司的主机现场托管、宽带网络科技配套、安全监控服务器管理和故障的排查并协助公司进行维修等综合服务。公司期望在哈萨克斯坦的矿机托管总电力负荷将达到60兆瓦,其中有20兆瓦矿机托管电力预计在7月1日开始运营。加上此前宣布投建的57.2兆瓦位于美国德州的矿场,比特矿业计划在海外自建矿场的总电力负荷将达到157.2兆瓦。","listText":"2021年5月24日,比特矿业 <a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a> 一家领先的加密数字货币矿企 (以下简称“公司”),今天宣布已与一家哈萨克斯坦公司(“合作方”)签署了一份有法律约束力的投资条款(以下简称“条款”),双方将在哈萨克斯坦共同投资建设大数据中心(“哈萨克斯坦矿场”)。根据条款,公司计划投入总金额6000万人民币(约合 933万美金),与合作方共同建设和运营负荷为100兆瓦的矿场。矿场建成后,公司将持有哈萨克斯坦矿场的80%股权, 合作方持有20%股权。 与此同时,公司与该合作方以及另外一家哈萨克斯坦公司(以下简称“运营管理方”)签署了矿机托管协议(以下简称“协议”)。协议规定,合作方以及运营管理方将同时给公司在哈萨克斯坦提供大数据综合服务,包括公司的主机现场托管、宽带网络科技配套、安全监控服务器管理和故障的排查并协助公司进行维修等综合服务。公司期望在哈萨克斯坦的矿机托管总电力负荷将达到60兆瓦,其中有20兆瓦矿机托管电力预计在7月1日开始运营。加上此前宣布投建的57.2兆瓦位于美国德州的矿场,比特矿业计划在海外自建矿场的总电力负荷将达到157.2兆瓦。","text":"2021年5月24日,比特矿业 $比特矿业(BTCM)$ 一家领先的加密数字货币矿企 (以下简称“公司”),今天宣布已与一家哈萨克斯坦公司(“合作方”)签署了一份有法律约束力的投资条款(以下简称“条款”),双方将在哈萨克斯坦共同投资建设大数据中心(“哈萨克斯坦矿场”)。根据条款,公司计划投入总金额6000万人民币(约合 933万美金),与合作方共同建设和运营负荷为100兆瓦的矿场。矿场建成后,公司将持有哈萨克斯坦矿场的80%股权, 合作方持有20%股权。 与此同时,公司与该合作方以及另外一家哈萨克斯坦公司(以下简称“运营管理方”)签署了矿机托管协议(以下简称“协议”)。协议规定,合作方以及运营管理方将同时给公司在哈萨克斯坦提供大数据综合服务,包括公司的主机现场托管、宽带网络科技配套、安全监控服务器管理和故障的排查并协助公司进行维修等综合服务。公司期望在哈萨克斯坦的矿机托管总电力负荷将达到60兆瓦,其中有20兆瓦矿机托管电力预计在7月1日开始运营。加上此前宣布投建的57.2兆瓦位于美国德州的矿场,比特矿业计划在海外自建矿场的总电力负荷将达到157.2兆瓦。","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131214415","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":199089838,"gmtCreate":1620656747124,"gmtModify":1620656747124,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"虚拟货币,区块链产业,正是火爆时期<a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a><a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>期待你们的大爆发","listText":"虚拟货币,区块链产业,正是火爆时期<a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a><a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>期待你们的大爆发","text":"虚拟货币,区块链产业,正是火爆时期$乐透互娱(08198)$$比特矿业(BTCM)$期待你们的大爆发","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199089838","repostId":"2134634067","repostType":2,"repost":{"id":"2134634067","pubTimestamp":1620650520,"share":"https://www.laohu8.com/m/news/2134634067?lang=&edition=full","pubTime":"2021-05-10 20:42","market":"us","language":"en","title":"BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2134634067","media":"StreetInsider","summary":"SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Co","content":"<html><body><div>\n<div>\n<p>SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Company,\" \"we,\" \"us,\" \"our company,\" or \"our\"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021.</p>\n<p><b>Cryptocurrency</b><b> </b><b>Business</b><b> </b><b>Progress</b></p>\n<p>BIT Mining Limited has <span>completed</span> the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, <span>and </span>data center <span>operation</span>.</p>\n<p>As of today, we have deployed 50,113 mining machines. The theoretical maximum total hash rate capacity of such mining machines is about 1,031.5 PH/s, and we currently produce approximately <span>4</span> bitcoins each day. As of April 30, 2021, we have produced approximately 110 bitcoins, equivalent to revenue of approximately RMB40.6 million (US$6.2 million<span>).</span> As of today, we have produced approximately 147 bitcoins, equivalent to revenue of approximately RMB54.4 million (US$8.3 million). We currently own approximately 489 bitcoins, including the 356.04342 bitcoins that we received from the private placement of our Class A ordinary shares to Good Luck Information Technology Co., Limited.</p>\n<p>On March 31, 2021, we completed our subscription for shares of Loto Interactive Limited (HKEX: 08198) (\"Loto Interactive\"<span>)</span> which we refer to as our data center busines<span>s,</span> our ownership of Loto Interactive thereby increased to 54.2%, and Loto Interactive became a subsidiary of our company. As a result, the Company consolidated Loto Interactive on March 31, 2021. The three hydroelectric cryptocurrency data centers owned by Loto Interactive have an aggregate gross area of over 18,000 square meters and a total power capacity of 435WM. Such data centers could provide data analysis and storage services for up to 225,000 data processors at the same time. From April 1, 2021 to April 30, 2021, revenue generated from our data center business was RMB28.3 million (US$4.3 million).</p>\n<p><span>We also completed our acquisition of the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com (collectively, the \"BTC.com Pool Businesses\"). From April 1, 2021 to April 30, 2021, the gross profit of the BTC.com Pool Businesses was RMB 55.3 million (US$8.4 million).</span></p>\n<p>All of the BTC and ETH mining machines that we have purchased are expected to be deployed by the end of 2021. Assuming full delivery, our theoretical maximum total BTC hash rate capacity will increase to approximately 2,000 PH/s, and our theoretical maximum total ETH hash rate capacity will increase to approximately 4,800 GH/s.</p>\n<p>We also have entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete our vertical integration with our supply chain, increase our self-sufficiency while also strengthening our competitive position. </p>\n<p><b>First</b><b> Quarter </b><b>2021</b><b> Highlights</b></p>\n<ul type=\"disc\"><li>Net revenues were RMB19.6 million (US$3.0 million) in the first quarter of 2021, representing a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020, and a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020. Net revenues during the first quarter of 2021 primarily consisted of RMB11.8 million (US$1.8 million) in revenue contribution from our cryptocurrency mining business that we initiated on February 27, 2021, which accounted for 60.2% of total net revenues. </li><li>Operating loss was RMB16.5 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB34.9 million or 67.9% from RMB51.4 million for the fourth quarter of 2020, and a significant decrease of RMB20.3 million or 55.2% from RMB36.8 million for the first quarter of 2020. </li><li>Non-GAAP[1] operating loss was RMB16.2 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB16.2 million or 50.0% from RMB32.4 million for the fourth quarter of 2020, and a significant decrease of RMB15.5 million or 48.9% from RMB31.7 million for the first quarter of 2020. </li><li>Net income attributable to BIT Mining was RMB13.2 million (US$2.0 million) in the first quarter of 2021, as compared with net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020, and net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020. </li><li>Non-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) in the first quarter of 2021, representing a decrease of RMB14.7 million or 39.2% from RMB37.5 million for the fourth quarter of 2020, and a decrease of RMB12.5 million or 35.4% from RMB35.3 million for the first quarter of 2020.</li></ul><div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td><p><span>[1] Non-GAAP financial measures exclude the impact of share-based compensation expenses, impairment of long-term investments, gain on previously-held equity interest and deferred tax benefit relating to valuation allowance. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in the table at the end of this release.</span></p>\n</td></tr></table></div><p><b>First</b><b> Quarter </b><b>2021</b><b> Financial Results</b></p>\n<p><b><i>Net Revenues</i></b></p>\n<p>Net revenues were RMB19.6 million (US$3.0 million) for the first quarter of 2021, which nearly equals our net revenues for the full year 2020, representing a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020 and a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020. The year-over-year and sequential increase were mainly attributable to our cryptocurrency mining business initiated at the end of February 2021.</p>\n<p><b><i>Operating Expenses</i></b></p>\n<p>Operating expenses were RMB36.3 million (US$5.5 million) for the first quarter of 2021, representing a decrease of RMB7.7 million or 17.5% from RMB44.0 million for the first quarter of 2020, and a significant decrease of RMB24.6 million or 40.4% from RMB60.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, a decrease of RMB4.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB4.1 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB3.1 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, which were partially offset by an increase of RMB5.4 million in consulting expenses, an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB0.7 million in marketing and promotional expenses, and an increase of RMB0.7 million in lottery insurance costs for The Multi Group, or TMG. The sequential decrease was mainly due to a decrease of RMB18.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB13.7 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses, an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business, and an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines.</p>\n<p>Cost of services was RMB8.5 million (US$1.3 million) for the first quarter of 2021, representing an increase of RMB4.5 million or 112.5% from RMB4.0 million for the first quarter of 2020, and an increase of RMB4.1 million or 93.2% from RMB4.4 million for the fourth quarter of 2020. The year-over-year increase was mainly attributable to an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines, and an increase of RMB0.7 million in lottery insurance costs for TMG. The sequential increase was mainly attributable to an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business and an increase of RMB1.1 million in depreciation associated with cryptocurrency mining machines.</p>\n<p>Sales and marketing expenses were RMB2.5 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB0.5 million or 16.7% from RMB3.0 million for the first quarter of 2020, and a decrease of RMB2.1 million or 45.7% from RMB4.6 million for the fourth quarter of 2020. The sequential decrease was mainly due to a decrease of RMB1.8 million in expenses for employees and a decrease of RMB0.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.</p>\n<p>General and administrative expenses were RMB22.6 million (US$3.4 million) for the first quarter of 2021, representing a decrease of RMB7.3 million or 24.4% from RMB29.9 million for the first quarter of 2020, and a decrease of RMB18.3 million or 44.7% from RMB40.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB4.0 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, a decrease of RMB3.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB2.7 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB2.4 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB5.4 million in consulting expenses. The sequential decrease was mainly due to a decrease of RMB16.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses.</p>\n<p>Service development expenses were RMB2.7 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB4.4 million or 62.0% from RMB7.1 million for the first quarter of 2020, and a decrease of RMB8.4 million or 75.7% from RMB11.1 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB2.1 million in expenses for employees as a result of decreases in headcount, a decrease of RMB1.4 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB0.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees. The sequential decrease was mainly due to a decrease of RMB6.6 million in expenses for employees as a result of decreases in headcount and a decrease of RMB1.7 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.</p>\n<p><b><i>Operating Loss</i></b></p>\n<p>Operating loss was RMB16.5 million (US$2.5 million) for the first quarter of 2021, compared with operating loss of RMB36.8 million for the first quarter of 2020, and operating loss of RMB51.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB7.7 million in operating expenses due to cost reduction measures implemented by management. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management.</p>\n<p>Non-GAAP operating loss was RMB16.2 million (US$2.5 million) for the first quarter of 2021, compared with non-GAAP operating loss of RMB31.7 million for the first quarter of 2020, and non-GAAP operating loss of RMB32.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.</p>\n<p><b><i>Net Income (Loss)</i></b><b><i> Attributable to BIT Mining </i></b></p>\n<p>Net income attributable to BIT Mining was RMB13.2 million (US$2.0 million) for the first quarter of 2021, compared with net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020, and net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020. The year-over-year increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021. The sequential increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management, and (iii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021.</p>\n<p>Non-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) for the first quarter of 2021, compared with non-GAAP net loss attributable to BIT Mining of RMB35.3 million for the first quarter of 2020, and non-GAAP net loss attributable to BIT Mining of RMB37.5 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.</p>\n<p><b>Cash and Cash Equivalents and Restricted Cash</b></p>\n<p>As of March 31, 2021, the Company had cash and cash equivalents of RMB173.4 million (US$26.5 million) and restricted cash[2] of RMB309.8 million (US$47.3 million), compared with cash and cash equivalents of RMB308.7 million and restricted cash of RMB3.8 million as of December 31, 2020.</p>\n<p><b>Accounts receivable</b></p>\n<p>As of March 31, 2021, the Company had accounts receivable of RMB20.1 million (US$3.1 million), which primarily represents service fees receivable from the clients of Loto Interactive.</p>\n<p><b>Cryptocurrency assets</b></p>\n<p>As of March 31, 2021, the Company had cryptocurrency assets of RMB134.6 million (US$20.5 million), the equivalent of 378 bitcoins, including those received from the private placement in February 2021 and those generated from the cryptocurrency mining business initiated at the end of February 2021.</p>\n<p><b>Prepayments and Other Current Assets</b></p>\n<p>As of March 31, 2021, the balance of prepayment and other current assets was RMB93.7 million (US$14.3 million), compared with RMB23.0 million as of December 31, 2020. The balance as of March 31, 2021 mainly included: (i) the current portion of deferred expenses of RMB3.0 million (US$0.5 million); (ii) receivables from third party payment providers of RMB3.4 million (US$0.5 million); (iii) deposit receivables of RMB24.6 million (US$3.8 million); (iv) deductible value-added input tax of RMB40.0 million (US$6.1 million); and (v) other receivables of RMB22.7 million (US$3.4 million).</p>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td><p><span>[2] Restricted cash represent: (i) deposits in merchant banks for mortgage loans and with special purpose use for general offer for our acquisition of a controlling stake in Loto Interactive, (ii) deposits in merchant banks yet to be withdrawn, and (iii) government grants received but pending final clearance.</span></p>\n</td></tr></table></div><p><b>About BIT Mining Limited</b></p>\n<p>BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, <span>and</span> data center <span>operation</span>. The Company has deployed bitcoin mining machines with a theoretical maximum total hash rate capacity of approximately 1,031.5 PH/s, owns three hydroelectric cryptocurrency data centers with a total power capacity of 435MW and owns the entire mining pool business operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete its vertical integration with its supply chain, increase its self-sufficiency while also strengthening its competitive position. </p>\n<p><b>Currency Convenience Translation</b></p>\n<p>This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.5518 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2021, and all translations from Renminbi to Euros were made at the exchange rate of RMB7.8039 to EUR1.00, which was the average of the month-end exchange rates as set forth in the statistical release of State Administration of Foreign Exchange at the end of each month in 2021.</p>\n<p><b>Safe Harbor Statements</b></p>\n<p>This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \"will\", \"expects\", \"anticipates\", \"future\", \"intends\", \"plans\", \"believes\", \"estimates\", \"target\", \"going forward\", \"outlook\" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. </p>\n<p><b>About Non-GAAP Financial Measures</b></p>\n<p>To supplement the Company's financial results presented in accordance with U.S. GAAP, the Company uses non-GAAP financial measures, which are adjusted from results based on U.S. GAAP to exclude share-based compensation expenses in the Company's consolidated affiliated entities. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in table at the end of this release, which provide more details on the non-GAAP financial measures.</p>\n<p>Non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of the Company's continuing operations and prospects for the future. Non-GAAP financial information should not be considered a substitute for or superior to U.S. GAAP results. In addition, calculations of this non-GAAP financial information may be different from calculations used by other companies, and therefore comparability may be limited.</p>\n<p><b>For more information:</b></p>\n<p>BIT Mining Limitedir@500wan.com </p>\n<p>Ms. Danni ZhengPhone: +86 755 8633 8005</p>\n<p>The Piacente Group, Inc.Helen WuTel: +86 (10) 6508-0677Email: 500@tpg-ir.com </p>\n<p>In the United States:</p>\n<p>The Piacente Group, Inc.Brandi PiacenteTel: +1 (212) 481-2050Email: 500@tpg-ir.com </p>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td colspan=\"6\" nowrap=\"nowrap\"><p><span><b>BIT Mining LimitedCondensed Consolidated Balance Sheets(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares)</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>December 31,2020</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>US$</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>Audited</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>Unaudited</span></p>\n</td><td nowrap=\"nowrap\"><p><span>Unaudited</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>ASSETS</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Current assets:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Cash and cash equivalents</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>308,676</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>173,376</span></p>\n</td><td nowrap=\"nowrap\"><p><span>26,462</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Restricted cash</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,829</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>309,753</span></p>\n</td><td nowrap=\"nowrap\"><p><span>47,278</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Accounts receivable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>20,057</span></p>\n</td><td nowrap=\"nowrap\"><p><span>3,061</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Amounts due from related parties</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>368</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>821</span></p>\n</td><td nowrap=\"nowrap\"><p><span>125</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Prepayments and other current assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>22,980</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>93,694</span></p>\n</td><td nowrap=\"nowrap\"><p><span>14,300</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Cryptocurrency assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>134,641</span></p>\n</td><td nowrap=\"nowrap\"><p><span>20,550</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total current assets</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>335,853</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>732,342</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>111,776</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Non-current assets:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Property and equipment, net</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>19,779</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>375,502</span></p>\n</td><td nowrap=\"nowrap\"><p><span>57,313</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Intangible assets, net</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,398</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,399</span></p>\n</td><td nowrap=\"nowrap\"><p><span>366</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Deposits</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1,480</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>26,411</span></p>\n</td><td nowrap=\"nowrap\"><p><span>4,031</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Long-term investments</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>99,972</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>69,076</span></p>\n</td><td nowrap=\"nowrap\"><p><span>10,543</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Right-of-use assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>9,327</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>12,673</span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,934</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Other non-current assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1,664</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>86,303</span></p>\n</td><td nowrap=\"nowrap\"><p><span>13,172</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total non-current assets</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>134,620</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>572,364</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>87,359</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>TOTAL ASSETS</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>470,473</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>1,304,706</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>199,135</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>LIABILITIES AND SHAREHOLDERS' EQUITY </b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Current liabilities:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Short term loans</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>170,208</span></p>\n</td><td nowrap=\"nowrap\"><p><span>25,979</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Accounts payable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>21,318</span></p>\n</td><td nowrap=\"nowrap\"><p><span>3,254</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Amounts due to related parties</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,503</span></p>\n</td><td nowrap=\"nowrap\"><p><span>382</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Accrued payroll and welfare payable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>13,401</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,510</span></p>\n</td><td nowrap=\"nowrap\"><p><span>383</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Accrued expenses and other current liabilities</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>55,960</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>165,945</span></p>\n</td><td nowrap=\"nowrap\"><p><span>25,324</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Income tax payable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>549</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>6,785</span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,036</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Operating lease liabilities - current</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,710</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>6,354</span></p>\n</td><td nowrap=\"nowrap\"><p><span>970</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total current liabilities</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>73,620</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>375,623</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>57,328</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Non-current liabilities:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Long-term payables</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>526</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>457</span></p>\n</td><td nowrap=\"nowrap\"><p><span>70</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Operating lease liabilities - non-current</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>5,807</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>7,009</span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,070</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total non-current liabilities</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>6,333</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>7,466</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,140</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>TOTAL LIABILITIES</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>79,953</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>383,089</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>58,468</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Shareholders' Equity:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Class A ordinary shares, par value US$0.00005 per share, 700,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 430,127,692 and 559,934,055 shares issued and outstanding as of December 31, 2020 and March 31, 2021, respectively</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>151</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>194</span></p>\n</td><td nowrap=\"nowrap\"><p><span>30</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><span>Class B ordinary shares, par value US$0.00005 per share; 300,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 99 shares issued and outstanding as of December 31, 2020 and March 31, 2021</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Additional paid-in capital</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,602,883</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,981,822</span></p>\n</td><td nowrap=\"nowrap\"><p><span>455,115</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Treasury shares</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(143,780)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(143,780)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(21,945)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Accumulated deficit and statutory reserve</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,183,918)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,170,756)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(331,322)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Accumulated other comprehensive income</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>128,441</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>136,075</span></p>\n</td><td nowrap=\"nowrap\"><p><span>20,769</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total BIT Mining Limited shareholders' equity</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>403,777</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>803,555</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>122,647</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Noncontrolling interests</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(13,257)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>118,062</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>18,020</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total shareholders' equity</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>390,520</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>921,617</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>140,667</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>470,473</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>1,304,706</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>199,135</b></span></p>\n</td></tr></table></div>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td colspan=\"8\" nowrap=\"nowrap\"><p><span><b>BIT Mining LimitedCondensed Consolidated Statements of Comprehensive Loss (Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) </b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td colspan=\"6\" nowrap=\"nowrap\"><p><span><b> Three Months Ended </b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>March 31,2020</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>December 31,2020</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>US$</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Net Revenues</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,064</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>8,958</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>19,559</span></p>\n</td><td nowrap=\"nowrap\"><p><span>2,985</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Operating costs and expenses:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Cost of services</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(3,984)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(4,350)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(8,451)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(1,290)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Sales and marketing expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(3,042)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(4,550)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,492)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(380)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> General and administrative expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(29,876)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(40,891)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(22,645)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(3,456)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Service development expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,146)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(11,145)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,749)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(420)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total operating expenses</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(44,048)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(60,936)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,337)</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>(5,546)</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Other operating income </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>4,091</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>487</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>561</span></p>\n</td><td nowrap=\"nowrap\"><p><span>86</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Government grant</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>169</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>304</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>69</span></p>\n</td><td nowrap=\"nowrap\"><p><span>11</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Other operating expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(53)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(254)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(309)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(47)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Operating loss</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,777)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(51,441)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(16,457)</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>(2,511)</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Other (expenses) income, net</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(375)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>9</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>312</span></p>\n</td><td nowrap=\"nowrap\"><p><span>48</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Interest income</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,391</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1,923</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>499</span></p>\n</td><td nowrap=\"nowrap\"><p><span>76</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Interest expense</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(792)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(121)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Loss from equity method investments</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(5,211)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,156)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,044)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(1,075)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Gain on previously held equity interest </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>36,142</span></p>\n</td><td nowrap=\"nowrap\"><p><span>5,516</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Impairment of long-term investments</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>456</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Gain from disposal of a subsidiary</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>211</span></p>\n</td><td nowrap=\"nowrap\"><p><span>32</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>(Loss) income before income tax</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(39,972)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(56,209)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>12,871</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,965</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Income tax benefit</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,593</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Net (loss) income</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,379)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(56,208)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>12,871</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,965</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Less: Net income (loss) attributable to noncontrolling interests</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>449</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(101)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(291)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(44)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Net (loss) income attributable to BIT Mining Limited</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,828)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(56,107)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>13,162</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>2,009</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Other comprehensive income (loss)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Share of other comprehensive (loss) income of an equity method investee</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,409)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>16</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><span>-</span></span></p>\n</td><td nowrap=\"nowrap\">\n<p><span><span>-</span></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Foreign currency translation gain (loss)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>4,104</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,853)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><span>7,634</span></span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,165</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Other comprehensive income (loss), net of tax</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>1,695</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(7,837)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>7,634</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,165</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Comprehensive (loss) income</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(34,684)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(64,045)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>20,505</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>3,130</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Less: Comprehensive income (loss) attributable to noncontrolling interests </span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>449</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(101)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(291)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(44)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Comprehensive (loss) income attributable to BIT Mining Limited</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(35,133)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(63,944)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>20,796</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>3,174</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Weighted average number of Class A and Class B ordinary shares outstanding:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Basic</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,002,155</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,018,184</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>487,551,175</span></p>\n</td><td nowrap=\"nowrap\"><p><span>487,551,175</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Diluted</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,002,155</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,018,184</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>498,573,411</span></p>\n</td><td nowrap=\"nowrap\"><p><span>498,573,411</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span>(Losses) income</span> per share attributable to BIT Mining Limited-Basic</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.09)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.13)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.03</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.00</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span><b><span>(Losses) income</span></b></span> per ADS* attributable to BIT Mining Limited-Basic</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income </span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.86)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(1.30)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.27</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.04</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span><b><span>(Losses) income</span></b></span> per share attributable to BIT Mining Limited-Diluted</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.09)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.13)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.03</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.00</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span><b><span>(Losses) income</span></b></span> per ADS* attributable to BIT Mining Limited-Diluted</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.86)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(1.30)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.26</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.04</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td colspan=\"8\" nowrap=\"nowrap\"><p><span>* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.</span></p>\n</td></tr></table></div>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td colspan=\"8\"><p><span><b>BIT Mining LimitedReconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) </b></span></p>\n</td></tr><tr><td></td><td></td><td colspan=\"6\"><p><span><b> Three Months Ended </b></span></p>\n</td></tr><tr><td></td><td></td><td><p><span><b>March 31,2020</b></span></p>\n</td><td></td><td><p><span><b>December 31,2020</b></span></p>\n</td><td></td><td><p><span><b>March 31,2021</b></span></p>\n</td><td><p><span><b>March 31,2021</b></span></p>\n</td></tr><tr><td></td><td></td><td><p><span><b>RMB</b></span></p>\n</td><td></td><td><p><span><b>RMB</b></span></p>\n</td><td></td><td><p><span><b>RMB</b></span></p>\n</td><td><p><span><b>US$</b></span></p>\n</td></tr><tr><td></td><td></td><td><p><span> Unaudited </span></p>\n</td><td></td><td><p><span> Unaudited </span></p>\n</td><td></td><td><p><span> Unaudited </span></p>\n</td><td><p><span> Unaudited </span></p>\n</td></tr><tr><td><p><span><b>Operating loss</b></span></p>\n</td><td></td><td><p><span>(36,777)</span></p>\n</td><td></td><td><p><span>(51,441)</span></p>\n</td><td></td><td><p><span>(16,457)</span></p>\n</td><td><p><span>(2,511)</span></p>\n</td></tr><tr><td><p><span> Adjustment for share-based compensation expenses</span></p>\n</td><td></td><td><p><span>5,103</span></p>\n</td><td></td><td><p><span>19,046</span></p>\n</td><td></td><td><p><span>212</span></p>\n</td><td><p><span>32</span></p>\n</td></tr><tr><td><p><span><b>Adjusted operating loss (non-GAAP)</b></span></p>\n</td><td></td><td><p><span><b>(31,674)</b></span></p>\n</td><td></td><td><p><span><b>(32,395)</b></span></p>\n</td><td></td><td><p><span><b>(16,245)</b></span></p>\n</td><td><p><span><b>(2,479)</b></span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Net (loss) income attributable to BIT Mining Limited</b></span></p>\n</td><td></td><td><p><span><b>(36,828)</b></span></p>\n</td><td></td><td><p><span><b>(56,107)</b></span></p>\n</td><td></td><td><p><span><b>13,162</b></span></p>\n</td><td><p><span><b>2,009</b></span></p>\n</td></tr><tr><td><p><span> Adjustment for share-based compensation expenses</span></p>\n</td><td></td><td><p><span>5,103</span></p>\n</td><td></td><td><p><span>19,046</span></p>\n</td><td></td><td><p><span>212</span></p>\n</td><td><p><span>32</span></p>\n</td></tr><tr><td><p><span> Adjustment for impairment of long-term investments</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>(456)</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td><p><span>-</span></p>\n</td></tr><tr><td><p><span> Adjustment for deferred tax benefit relating to valuation allowance</span></p>\n</td><td></td><td><p><span>(3,599)</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td><p><span>-</span></p>\n</td></tr><tr><td><p><span> Adjustment for gain on previously held equity interest</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>(36,142)</span></p>\n</td><td><p><span>(5,516)</span></p>\n</td></tr><tr><td><p><span><b>Adjusted net loss attributable to BIT Mining Limited (non-GAAP) </b></span></p>\n</td><td></td><td><p><span><b>(35,324)</b></span></p>\n</td><td></td><td><p><span><b>(37,517)</b></span></p>\n</td><td></td><td><p><span><b>(22,768)</b></span></p>\n</td><td><p><span><b>(3,475)</b></span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Weighted average number of Class A and Class B ordinary shares outstanding:</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span>Basic</span></p>\n</td><td></td><td><p><span>430,002,155</span></p>\n</td><td></td><td><p><span>430,018,184</span></p>\n</td><td></td><td><p><span>487,551,175</span></p>\n</td><td><p><span>487,551,175</span></p>\n</td></tr><tr><td><p><span>Diluted</span></p>\n</td><td></td><td><p><span>430,002,155</span></p>\n</td><td></td><td><p><span>430,018,184</span></p>\n</td><td></td><td><p><span>498,573,411</span></p>\n</td><td><p><span>498,573,411</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per share attributable to BIT Mining Limited (non-GAAP)-Basic</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.08)</span></p>\n</td><td></td><td><p><span>(0.09)</span></p>\n</td><td></td><td><p><span>(0.05)</span></p>\n</td><td><p><span>(0.01)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per ADS* attributable to BIT Mining Limited (non-GAAP)-Basic</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.82)</span></p>\n</td><td></td><td><p><span>(0.87)</span></p>\n</td><td></td><td><p><span>(0.47)</span></p>\n</td><td><p><span>(0.07)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per share attributable to BIT Mining Limited (non-GAAP)-Diluted</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.08)</span></p>\n</td><td></td><td><p><span>(0.09)</span></p>\n</td><td></td><td><p><span>(0.05)</span></p>\n</td><td><p><span>(0.01)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per ADS* attributable to BIT Mining Limited (non-GAAP)-Diluted</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.82)</span></p>\n</td><td></td><td><p><span>(0.87)</span></p>\n</td><td></td><td><p><span>(0.46)</span></p>\n</td><td><p><span>(0.07)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan=\"8\"><p><span>* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.</span></p>\n</td></tr></table></div>\n<p><img height=\"12\" src=\"https://c212.net/c/img/favicon.png?sn=CN71552&sd=2021-05-10\" title=\"Cision\" width=\"12\"/> View original content:http://www.prnewswire.com/news-releases/bit-mining-limited-announces-unaudited-financial-results-for-the-first-quarter-ended-march-31-2021-301287511.html</p>\n<p>SOURCE BIT Mining Limited</p>\n</div> </div></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-10 20:42 GMT+8 <a href=https://www.streetinsider.com/dr/news.php?id=18391189><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Company,\" \"we,\" \"us,\" \"our company,\" or \"our\"), a leading cryptocurrency mining enterprise, today ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18391189\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FFBC":"第一金融银行股份","FBNC":"第一万能金控","FNLC":"第一万通金控","BTCM":"BIT Mining","THFF":"First Financial Corporation Indi"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18391189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134634067","content_text":"SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Company,\" \"we,\" \"us,\" \"our company,\" or \"our\"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021.\nCryptocurrency Business Progress\nBIT Mining Limited has completed the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, and data center operation.\nAs of today, we have deployed 50,113 mining machines. The theoretical maximum total hash rate capacity of such mining machines is about 1,031.5 PH/s, and we currently produce approximately 4 bitcoins each day. As of April 30, 2021, we have produced approximately 110 bitcoins, equivalent to revenue of approximately RMB40.6 million (US$6.2 million). As of today, we have produced approximately 147 bitcoins, equivalent to revenue of approximately RMB54.4 million (US$8.3 million). We currently own approximately 489 bitcoins, including the 356.04342 bitcoins that we received from the private placement of our Class A ordinary shares to Good Luck Information Technology Co., Limited.\nOn March 31, 2021, we completed our subscription for shares of Loto Interactive Limited (HKEX: 08198) (\"Loto Interactive\") which we refer to as our data center business, our ownership of Loto Interactive thereby increased to 54.2%, and Loto Interactive became a subsidiary of our company. As a result, the Company consolidated Loto Interactive on March 31, 2021. The three hydroelectric cryptocurrency data centers owned by Loto Interactive have an aggregate gross area of over 18,000 square meters and a total power capacity of 435WM. Such data centers could provide data analysis and storage services for up to 225,000 data processors at the same time. From April 1, 2021 to April 30, 2021, revenue generated from our data center business was RMB28.3 million (US$4.3 million).\nWe also completed our acquisition of the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com (collectively, the \"BTC.com Pool Businesses\"). From April 1, 2021 to April 30, 2021, the gross profit of the BTC.com Pool Businesses was RMB 55.3 million (US$8.4 million).\nAll of the BTC and ETH mining machines that we have purchased are expected to be deployed by the end of 2021. Assuming full delivery, our theoretical maximum total BTC hash rate capacity will increase to approximately 2,000 PH/s, and our theoretical maximum total ETH hash rate capacity will increase to approximately 4,800 GH/s.\nWe also have entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete our vertical integration with our supply chain, increase our self-sufficiency while also strengthening our competitive position. \nFirst Quarter 2021 Highlights\nNet revenues were RMB19.6 million (US$3.0 million) in the first quarter of 2021, representing a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020, and a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020. Net revenues during the first quarter of 2021 primarily consisted of RMB11.8 million (US$1.8 million) in revenue contribution from our cryptocurrency mining business that we initiated on February 27, 2021, which accounted for 60.2% of total net revenues. Operating loss was RMB16.5 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB34.9 million or 67.9% from RMB51.4 million for the fourth quarter of 2020, and a significant decrease of RMB20.3 million or 55.2% from RMB36.8 million for the first quarter of 2020. Non-GAAP[1] operating loss was RMB16.2 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB16.2 million or 50.0% from RMB32.4 million for the fourth quarter of 2020, and a significant decrease of RMB15.5 million or 48.9% from RMB31.7 million for the first quarter of 2020. Net income attributable to BIT Mining was RMB13.2 million (US$2.0 million) in the first quarter of 2021, as compared with net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020, and net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020. Non-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) in the first quarter of 2021, representing a decrease of RMB14.7 million or 39.2% from RMB37.5 million for the fourth quarter of 2020, and a decrease of RMB12.5 million or 35.4% from RMB35.3 million for the first quarter of 2020.[1] Non-GAAP financial measures exclude the impact of share-based compensation expenses, impairment of long-term investments, gain on previously-held equity interest and deferred tax benefit relating to valuation allowance. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in the table at the end of this release.\nFirst Quarter 2021 Financial Results\nNet Revenues\nNet revenues were RMB19.6 million (US$3.0 million) for the first quarter of 2021, which nearly equals our net revenues for the full year 2020, representing a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020 and a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020. The year-over-year and sequential increase were mainly attributable to our cryptocurrency mining business initiated at the end of February 2021.\nOperating Expenses\nOperating expenses were RMB36.3 million (US$5.5 million) for the first quarter of 2021, representing a decrease of RMB7.7 million or 17.5% from RMB44.0 million for the first quarter of 2020, and a significant decrease of RMB24.6 million or 40.4% from RMB60.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, a decrease of RMB4.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB4.1 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB3.1 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, which were partially offset by an increase of RMB5.4 million in consulting expenses, an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB0.7 million in marketing and promotional expenses, and an increase of RMB0.7 million in lottery insurance costs for The Multi Group, or TMG. The sequential decrease was mainly due to a decrease of RMB18.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB13.7 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses, an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business, and an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines.\nCost of services was RMB8.5 million (US$1.3 million) for the first quarter of 2021, representing an increase of RMB4.5 million or 112.5% from RMB4.0 million for the first quarter of 2020, and an increase of RMB4.1 million or 93.2% from RMB4.4 million for the fourth quarter of 2020. The year-over-year increase was mainly attributable to an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines, and an increase of RMB0.7 million in lottery insurance costs for TMG. The sequential increase was mainly attributable to an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business and an increase of RMB1.1 million in depreciation associated with cryptocurrency mining machines.\nSales and marketing expenses were RMB2.5 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB0.5 million or 16.7% from RMB3.0 million for the first quarter of 2020, and a decrease of RMB2.1 million or 45.7% from RMB4.6 million for the fourth quarter of 2020. The sequential decrease was mainly due to a decrease of RMB1.8 million in expenses for employees and a decrease of RMB0.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.\nGeneral and administrative expenses were RMB22.6 million (US$3.4 million) for the first quarter of 2021, representing a decrease of RMB7.3 million or 24.4% from RMB29.9 million for the first quarter of 2020, and a decrease of RMB18.3 million or 44.7% from RMB40.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB4.0 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, a decrease of RMB3.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB2.7 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB2.4 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB5.4 million in consulting expenses. The sequential decrease was mainly due to a decrease of RMB16.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses.\nService development expenses were RMB2.7 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB4.4 million or 62.0% from RMB7.1 million for the first quarter of 2020, and a decrease of RMB8.4 million or 75.7% from RMB11.1 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB2.1 million in expenses for employees as a result of decreases in headcount, a decrease of RMB1.4 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB0.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees. The sequential decrease was mainly due to a decrease of RMB6.6 million in expenses for employees as a result of decreases in headcount and a decrease of RMB1.7 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.\nOperating Loss\nOperating loss was RMB16.5 million (US$2.5 million) for the first quarter of 2021, compared with operating loss of RMB36.8 million for the first quarter of 2020, and operating loss of RMB51.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB7.7 million in operating expenses due to cost reduction measures implemented by management. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management.\nNon-GAAP operating loss was RMB16.2 million (US$2.5 million) for the first quarter of 2021, compared with non-GAAP operating loss of RMB31.7 million for the first quarter of 2020, and non-GAAP operating loss of RMB32.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.\nNet Income (Loss) Attributable to BIT Mining \nNet income attributable to BIT Mining was RMB13.2 million (US$2.0 million) for the first quarter of 2021, compared with net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020, and net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020. The year-over-year increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021. The sequential increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management, and (iii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021.\nNon-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) for the first quarter of 2021, compared with non-GAAP net loss attributable to BIT Mining of RMB35.3 million for the first quarter of 2020, and non-GAAP net loss attributable to BIT Mining of RMB37.5 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.\nCash and Cash Equivalents and Restricted Cash\nAs of March 31, 2021, the Company had cash and cash equivalents of RMB173.4 million (US$26.5 million) and restricted cash[2] of RMB309.8 million (US$47.3 million), compared with cash and cash equivalents of RMB308.7 million and restricted cash of RMB3.8 million as of December 31, 2020.\nAccounts receivable\nAs of March 31, 2021, the Company had accounts receivable of RMB20.1 million (US$3.1 million), which primarily represents service fees receivable from the clients of Loto Interactive.\nCryptocurrency assets\nAs of March 31, 2021, the Company had cryptocurrency assets of RMB134.6 million (US$20.5 million), the equivalent of 378 bitcoins, including those received from the private placement in February 2021 and those generated from the cryptocurrency mining business initiated at the end of February 2021.\nPrepayments and Other Current Assets\nAs of March 31, 2021, the balance of prepayment and other current assets was RMB93.7 million (US$14.3 million), compared with RMB23.0 million as of December 31, 2020. The balance as of March 31, 2021 mainly included: (i) the current portion of deferred expenses of RMB3.0 million (US$0.5 million); (ii) receivables from third party payment providers of RMB3.4 million (US$0.5 million); (iii) deposit receivables of RMB24.6 million (US$3.8 million); (iv) deductible value-added input tax of RMB40.0 million (US$6.1 million); and (v) other receivables of RMB22.7 million (US$3.4 million).\n[2] Restricted cash represent: (i) deposits in merchant banks for mortgage loans and with special purpose use for general offer for our acquisition of a controlling stake in Loto Interactive, (ii) deposits in merchant banks yet to be withdrawn, and (iii) government grants received but pending final clearance.\nAbout BIT Mining Limited\nBIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The Company has deployed bitcoin mining machines with a theoretical maximum total hash rate capacity of approximately 1,031.5 PH/s, owns three hydroelectric cryptocurrency data centers with a total power capacity of 435MW and owns the entire mining pool business operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete its vertical integration with its supply chain, increase its self-sufficiency while also strengthening its competitive position. \nCurrency Convenience Translation\nThis announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.5518 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2021, and all translations from Renminbi to Euros were made at the exchange rate of RMB7.8039 to EUR1.00, which was the average of the month-end exchange rates as set forth in the statistical release of State Administration of Foreign Exchange at the end of each month in 2021.\nSafe Harbor Statements\nThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \"will\", \"expects\", \"anticipates\", \"future\", \"intends\", \"plans\", \"believes\", \"estimates\", \"target\", \"going forward\", \"outlook\" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. \nAbout Non-GAAP Financial Measures\nTo supplement the Company's financial results presented in accordance with U.S. GAAP, the Company uses non-GAAP financial measures, which are adjusted from results based on U.S. GAAP to exclude share-based compensation expenses in the Company's consolidated affiliated entities. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in table at the end of this release, which provide more details on the non-GAAP financial measures.\nNon-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of the Company's continuing operations and prospects for the future. Non-GAAP financial information should not be considered a substitute for or superior to U.S. GAAP results. In addition, calculations of this non-GAAP financial information may be different from calculations used by other companies, and therefore comparability may be limited.\nFor more information:\nBIT Mining Limitedir@500wan.com \nMs. Danni ZhengPhone: +86 755 8633 8005\nThe Piacente Group, Inc.Helen WuTel: +86 (10) 6508-0677Email: 500@tpg-ir.com \nIn the United States:\nThe Piacente Group, Inc.Brandi PiacenteTel: +1 (212) 481-2050Email: 500@tpg-ir.com \nBIT Mining LimitedCondensed Consolidated Balance Sheets(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares)\nDecember 31,2020\nMarch 31,2021\nMarch 31,2021\nRMB\nRMB\nUS$\nAudited\nUnaudited\nUnaudited\nASSETS\nCurrent assets:\nCash and cash equivalents\n308,676\n173,376\n26,462\nRestricted cash\n3,829\n309,753\n47,278\nAccounts receivable\n-\n20,057\n3,061\nAmounts due from related parties\n368\n821\n125\nPrepayments and other current assets\n22,980\n93,694\n14,300\nCryptocurrency assets\n-\n134,641\n20,550\nTotal current assets\n335,853\n732,342\n111,776\nNon-current assets:\nProperty and equipment, net\n19,779\n375,502\n57,313\nIntangible assets, net\n2,398\n2,399\n366\nDeposits\n1,480\n26,411\n4,031\nLong-term investments\n99,972\n69,076\n10,543\nRight-of-use assets\n9,327\n12,673\n1,934\nOther non-current assets\n1,664\n86,303\n13,172\nTotal non-current assets\n134,620\n572,364\n87,359\nTOTAL ASSETS\n470,473\n1,304,706\n199,135\nLIABILITIES AND SHAREHOLDERS' EQUITY \nCurrent liabilities:\n Short term loans\n-\n170,208\n25,979\n Accounts payable\n-\n21,318\n3,254\n Amounts due to related parties\n-\n2,503\n382\n Accrued payroll and welfare payable\n13,401\n2,510\n383\n Accrued expenses and other current liabilities\n55,960\n165,945\n25,324\n Income tax payable\n549\n6,785\n1,036\n Operating lease liabilities - current\n3,710\n6,354\n970\nTotal current liabilities\n73,620\n375,623\n57,328\nNon-current liabilities:\n Long-term payables\n526\n457\n70\n Operating lease liabilities - non-current\n5,807\n7,009\n1,070\nTotal non-current liabilities\n6,333\n7,466\n1,140\nTOTAL LIABILITIES\n79,953\n383,089\n58,468\nShareholders' Equity:\nClass A ordinary shares, par value US$0.00005 per share, 700,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 430,127,692 and 559,934,055 shares issued and outstanding as of December 31, 2020 and March 31, 2021, respectively\n151\n194\n30\nClass B ordinary shares, par value US$0.00005 per share; 300,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 99 shares issued and outstanding as of December 31, 2020 and March 31, 2021\n-\n-\n-\nAdditional paid-in capital\n2,602,883\n2,981,822\n455,115\nTreasury shares\n(143,780)\n(143,780)\n(21,945)\nAccumulated deficit and statutory reserve\n(2,183,918)\n(2,170,756)\n(331,322)\nAccumulated other comprehensive income\n128,441\n136,075\n20,769\nTotal BIT Mining Limited shareholders' equity\n403,777\n803,555\n122,647\nNoncontrolling interests\n(13,257)\n118,062\n18,020\nTotal shareholders' equity\n390,520\n921,617\n140,667\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\n470,473\n1,304,706\n199,135\n\nBIT Mining LimitedCondensed Consolidated Statements of Comprehensive Loss (Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) \n Three Months Ended \nMarch 31,2020\nDecember 31,2020\nMarch 31,2021\nMarch 31,2021\nRMB\nRMB\nRMB\nUS$\n Unaudited \n Unaudited \n Unaudited \n Unaudited \nNet Revenues\n3,064\n8,958\n19,559\n2,985\nOperating costs and expenses:\n Cost of services\n(3,984)\n(4,350)\n(8,451)\n(1,290)\n Sales and marketing expenses\n(3,042)\n(4,550)\n(2,492)\n(380)\n General and administrative expenses\n(29,876)\n(40,891)\n(22,645)\n(3,456)\n Service development expenses\n(7,146)\n(11,145)\n(2,749)\n(420)\nTotal operating expenses\n(44,048)\n(60,936)\n(36,337)\n(5,546)\n Other operating income \n4,091\n487\n561\n86\n Government grant\n169\n304\n69\n11\n Other operating expenses\n(53)\n(254)\n(309)\n(47)\nOperating loss\n(36,777)\n(51,441)\n(16,457)\n(2,511)\n Other (expenses) income, net\n(375)\n9\n312\n48\n Interest income\n2,391\n1,923\n499\n76\n Interest expense\n-\n-\n(792)\n(121)\n Loss from equity method investments\n(5,211)\n(7,156)\n(7,044)\n(1,075)\n Gain on previously held equity interest \n-\n-\n36,142\n5,516\n Impairment of long-term investments\n-\n456\n-\n-\n Gain from disposal of a subsidiary\n-\n-\n211\n32\n(Loss) income before income tax\n(39,972)\n(56,209)\n12,871\n1,965\n Income tax benefit\n3,593\n1\n-\n-\nNet (loss) income\n(36,379)\n(56,208)\n12,871\n1,965\n Less: Net income (loss) attributable to noncontrolling interests\n449\n(101)\n(291)\n(44)\nNet (loss) income attributable to BIT Mining Limited\n(36,828)\n(56,107)\n13,162\n2,009\nOther comprehensive income (loss)\n Share of other comprehensive (loss) income of an equity method investee\n(2,409)\n16\n-\n\n-\n Foreign currency translation gain (loss)\n4,104\n(7,853)\n7,634\n1,165\nOther comprehensive income (loss), net of tax\n1,695\n(7,837)\n7,634\n1,165\nComprehensive (loss) income\n(34,684)\n(64,045)\n20,505\n3,130\n Less: Comprehensive income (loss) attributable to noncontrolling interests \n449\n(101)\n(291)\n(44)\nComprehensive (loss) income attributable to BIT Mining Limited\n(35,133)\n(63,944)\n20,796\n3,174\nWeighted average number of Class A and Class B ordinary shares outstanding:\nBasic\n430,002,155\n430,018,184\n487,551,175\n487,551,175\nDiluted\n430,002,155\n430,018,184\n498,573,411\n498,573,411\n(Losses) income per share attributable to BIT Mining Limited-Basic\n Net (loss) income\n(0.09)\n(0.13)\n0.03\n0.00\n(Losses) income per ADS* attributable to BIT Mining Limited-Basic\n Net (loss) income \n(0.86)\n(1.30)\n0.27\n0.04\n(Losses) income per share attributable to BIT Mining Limited-Diluted\n Net (loss) income\n(0.09)\n(0.13)\n0.03\n0.00\n(Losses) income per ADS* attributable to BIT Mining Limited-Diluted\n Net (loss) income\n(0.86)\n(1.30)\n0.26\n0.04\n* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.\n\nBIT Mining LimitedReconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) \n Three Months Ended \nMarch 31,2020\nDecember 31,2020\nMarch 31,2021\nMarch 31,2021\nRMB\nRMB\nRMB\nUS$\n Unaudited \n Unaudited \n Unaudited \n Unaudited \nOperating loss\n(36,777)\n(51,441)\n(16,457)\n(2,511)\n Adjustment for share-based compensation expenses\n5,103\n19,046\n212\n32\nAdjusted operating loss (non-GAAP)\n(31,674)\n(32,395)\n(16,245)\n(2,479)\nNet (loss) income attributable to BIT Mining Limited\n(36,828)\n(56,107)\n13,162\n2,009\n Adjustment for share-based compensation expenses\n5,103\n19,046\n212\n32\n Adjustment for impairment of long-term investments\n-\n(456)\n-\n-\n Adjustment for deferred tax benefit relating to valuation allowance\n(3,599)\n-\n-\n-\n Adjustment for gain on previously held equity interest\n-\n-\n(36,142)\n(5,516)\nAdjusted net loss attributable to BIT Mining Limited (non-GAAP) \n(35,324)\n(37,517)\n(22,768)\n(3,475)\nWeighted average number of Class A and Class B ordinary shares outstanding:\nBasic\n430,002,155\n430,018,184\n487,551,175\n487,551,175\nDiluted\n430,002,155\n430,018,184\n498,573,411\n498,573,411\nLosses per share attributable to BIT Mining Limited (non-GAAP)-Basic\n Net loss (non-GAAP)\n(0.08)\n(0.09)\n(0.05)\n(0.01)\nLosses per ADS* attributable to BIT Mining Limited (non-GAAP)-Basic\n Net loss (non-GAAP)\n(0.82)\n(0.87)\n(0.47)\n(0.07)\nLosses per share attributable to BIT Mining Limited (non-GAAP)-Diluted\n Net loss (non-GAAP)\n(0.08)\n(0.09)\n(0.05)\n(0.01)\nLosses per ADS* attributable to BIT Mining Limited (non-GAAP)-Diluted\n Net loss (non-GAAP)\n(0.82)\n(0.87)\n(0.46)\n(0.07)\n* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.\n\n View original content:http://www.prnewswire.com/news-releases/bit-mining-limited-announces-unaudited-financial-results-for-the-first-quarter-ended-march-31-2021-301287511.html\nSOURCE BIT Mining Limited","news_type":1},"isVote":1,"tweetType":1,"viewCount":2154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":347213439,"gmtCreate":1618496405721,"gmtModify":1618496405721,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"区块链利好,我们也要紧跟脚步","listText":"区块链利好,我们也要紧跟脚步","text":"区块链利好,我们也要紧跟脚步","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347213439","repostId":"347651466","repostType":1,"isVote":1,"tweetType":1,"viewCount":1223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354493372,"gmtCreate":1617194090096,"gmtModify":1617194090096,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a>的这波操作[强] ,重回巅峰指日可待","listText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a>的这波操作[强] ,重回巅峰指日可待","text":"$500彩票网(WBAI)$$乐透互娱(08198)$的这波操作[强] ,重回巅峰指日可待","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/354493372","repostId":"2123223902","repostType":2,"isVote":1,"tweetType":1,"viewCount":2809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353450427,"gmtCreate":1616515166769,"gmtModify":1616515166769,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"以数据说话<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>","listText":"以数据说话<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>","text":"以数据说话$500彩票网(WBAI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353450427","isVote":1,"tweetType":1,"viewCount":1665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350438395,"gmtCreate":1616249315617,"gmtModify":1616249315617,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>看今晚起飞","listText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>看今晚起飞","text":"$500彩票网(WBAI)$看今晚起飞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350438395","isVote":1,"tweetType":1,"viewCount":1330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324284306,"gmtCreate":1615995142905,"gmtModify":1703496181821,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>稳稳的👍","listText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>稳稳的👍","text":"$500彩票网(WBAI)$稳稳的👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324284306","isVote":1,"tweetType":1,"viewCount":2216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":322559805,"gmtCreate":1615817585707,"gmtModify":1703493512054,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"有实力,起飞<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>","listText":"有实力,起飞<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>","text":"有实力,起飞$500彩票网(WBAI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322559805","repostId":"322243676","repostType":1,"repost":{"id":322243676,"gmtCreate":1615813357895,"gmtModify":1709972292365,"author":{"id":"3573100047704178","authorId":"3573100047704178","name":"BIT Mining Limited","avatar":"https://static.tigerbbs.com/00d9748551be9821c169670fe9e26bd5","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573100047704178","authorIdStr":"3573100047704178"},"themes":[],"title":"比特矿业宣布已完成918.5PH/s算力的比特币矿机收购","htmlText":"比特矿业(纽交所代码: <a target=\"_blank\" href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a> ),一家中国领先的加密货币挖矿企业,今天宣布,公司已完成今年1月11日公告的比特币矿机收购交易,公司向这批矿机的所有者发行了11,882,860股Class A普通股股票,每股股票价格为1.21美元,该价格是以今年1月8日公司的ADS价格(12.10美元)来计算。此批比特币矿机机型包括S17, T17, M20s和S9,这批矿机算力约为918.5PH/s。这批矿机部署完毕后,加上2月26日向比特小鹿购买的矿机,公司的比特币算力总共将可达1000PH/s,按今天的比特币全网算力估算,日产约6.39个比特币,月产近200个比特币。","listText":"比特矿业(纽交所代码: <a target=\"_blank\" href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a> ),一家中国领先的加密货币挖矿企业,今天宣布,公司已完成今年1月11日公告的比特币矿机收购交易,公司向这批矿机的所有者发行了11,882,860股Class A普通股股票,每股股票价格为1.21美元,该价格是以今年1月8日公司的ADS价格(12.10美元)来计算。此批比特币矿机机型包括S17, T17, M20s和S9,这批矿机算力约为918.5PH/s。这批矿机部署完毕后,加上2月26日向比特小鹿购买的矿机,公司的比特币算力总共将可达1000PH/s,按今天的比特币全网算力估算,日产约6.39个比特币,月产近200个比特币。","text":"比特矿业(纽交所代码: $500彩票网(WBAI)$ ),一家中国领先的加密货币挖矿企业,今天宣布,公司已完成今年1月11日公告的比特币矿机收购交易,公司向这批矿机的所有者发行了11,882,860股Class A普通股股票,每股股票价格为1.21美元,该价格是以今年1月8日公司的ADS价格(12.10美元)来计算。此批比特币矿机机型包括S17, T17, 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href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>这次准备破30","listText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>这次准备破30","text":"$500彩票网(WBAI)$这次准备破30","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/361352537","isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":369690609,"gmtCreate":1614036956301,"gmtModify":1614036956301,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"全面进军,就看后期效果<a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a><a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>🐮🐮🐮🐮","listText":"全面进军,就看后期效果<a 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未来还有想象空间吗?","htmlText":"近期,随着比特币为首的主流数字货币的疯涨,MARA、ROIT、BTBT、WBAI (500.com)等区块链概念股也开启了火箭模式,股价大幅蹿升。其中,在美国纽交所上市的中概股公司500.com尤其让人瞩目,自12月19日开始,这家公司先后宣布了一系列举措,更换管理层、并购矿场、购买矿机等,动作频仍,尤其是刚刚宣布的与比特大陆创造人吴忌寒的联姻,将老牌数字货币门户BTC.com矿池业务纳入囊中,更是引起了币圈不小的震动,500的股价,也从12月18日2.69美元/股起步,一路飚升到2月16日的27.02美元/股,升幅达到10倍。 尽管涨幅巨大,但如果系统梳理500近期的举措,会发现这家公司其实布局已久、一直着眼于在数字货币全产业链下棋落子。而对于“挖矿”这个产业而言,说一千道一万,拥有多少算力才是根本,那么挖矿到底是门什么样的生意,500.com在其中究竟处于何种位置,其矿场负荷、算力、收益、业务布局到底是多少?价值到底是虚高,还是被严重低估?金矿诱人:比特币挖矿业务年产值365亿美元 挖矿,确实已经成为了一门诱人的生意:截止到2021年2月18日,全网比特币已产出18,622,856比特币,剩余237.7万个。在2024年五月第四次比特币挖矿奖励减半前,全网挖矿日产出900比特币,按照比特币价格52,000美元计算,每天产出的比特币价值将高达近5,000万美元,即全年产值超过180亿美元。随着目前币价增长的趋势,这个产值还在进一步放大。假设2021年底,币价达到10万美元,估算2021年全年比特币挖矿的总产值将超过365亿美元,因此包括比特币在内的数字货币挖矿业务非常值得关注和期待。 500.COM年内算力将接近2000P 月收入2080万美元(一)、当前算力收益测算 从近期的消息可以看出,500.COM在2021年伊始即频繁出招,向多家矿机厂商和矿机拥有者大量购入矿机设","listText":"近期,随着比特币为首的主流数字货币的疯涨,MARA、ROIT、BTBT、WBAI (500.com)等区块链概念股也开启了火箭模式,股价大幅蹿升。其中,在美国纽交所上市的中概股公司500.com尤其让人瞩目,自12月19日开始,这家公司先后宣布了一系列举措,更换管理层、并购矿场、购买矿机等,动作频仍,尤其是刚刚宣布的与比特大陆创造人吴忌寒的联姻,将老牌数字货币门户BTC.com矿池业务纳入囊中,更是引起了币圈不小的震动,500的股价,也从12月18日2.69美元/股起步,一路飚升到2月16日的27.02美元/股,升幅达到10倍。 尽管涨幅巨大,但如果系统梳理500近期的举措,会发现这家公司其实布局已久、一直着眼于在数字货币全产业链下棋落子。而对于“挖矿”这个产业而言,说一千道一万,拥有多少算力才是根本,那么挖矿到底是门什么样的生意,500.com在其中究竟处于何种位置,其矿场负荷、算力、收益、业务布局到底是多少?价值到底是虚高,还是被严重低估?金矿诱人:比特币挖矿业务年产值365亿美元 挖矿,确实已经成为了一门诱人的生意:截止到2021年2月18日,全网比特币已产出18,622,856比特币,剩余237.7万个。在2024年五月第四次比特币挖矿奖励减半前,全网挖矿日产出900比特币,按照比特币价格52,000美元计算,每天产出的比特币价值将高达近5,000万美元,即全年产值超过180亿美元。随着目前币价增长的趋势,这个产值还在进一步放大。假设2021年底,币价达到10万美元,估算2021年全年比特币挖矿的总产值将超过365亿美元,因此包括比特币在内的数字货币挖矿业务非常值得关注和期待。 500.COM年内算力将接近2000P 月收入2080万美元(一)、当前算力收益测算 从近期的消息可以看出,500.COM在2021年伊始即频繁出招,向多家矿机厂商和矿机拥有者大量购入矿机设","text":"近期,随着比特币为首的主流数字货币的疯涨,MARA、ROIT、BTBT、WBAI (500.com)等区块链概念股也开启了火箭模式,股价大幅蹿升。其中,在美国纽交所上市的中概股公司500.com尤其让人瞩目,自12月19日开始,这家公司先后宣布了一系列举措,更换管理层、并购矿场、购买矿机等,动作频仍,尤其是刚刚宣布的与比特大陆创造人吴忌寒的联姻,将老牌数字货币门户BTC.com矿池业务纳入囊中,更是引起了币圈不小的震动,500的股价,也从12月18日2.69美元/股起步,一路飚升到2月16日的27.02美元/股,升幅达到10倍。 尽管涨幅巨大,但如果系统梳理500近期的举措,会发现这家公司其实布局已久、一直着眼于在数字货币全产业链下棋落子。而对于“挖矿”这个产业而言,说一千道一万,拥有多少算力才是根本,那么挖矿到底是门什么样的生意,500.com在其中究竟处于何种位置,其矿场负荷、算力、收益、业务布局到底是多少?价值到底是虚高,还是被严重低估?金矿诱人:比特币挖矿业务年产值365亿美元 挖矿,确实已经成为了一门诱人的生意:截止到2021年2月18日,全网比特币已产出18,622,856比特币,剩余237.7万个。在2024年五月第四次比特币挖矿奖励减半前,全网挖矿日产出900比特币,按照比特币价格52,000美元计算,每天产出的比特币价值将高达近5,000万美元,即全年产值超过180亿美元。随着目前币价增长的趋势,这个产值还在进一步放大。假设2021年底,币价达到10万美元,估算2021年全年比特币挖矿的总产值将超过365亿美元,因此包括比特币在内的数字货币挖矿业务非常值得关注和期待。 500.COM年内算力将接近2000P 月收入2080万美元(一)、当前算力收益测算 从近期的消息可以看出,500.COM在2021年伊始即频繁出招,向多家矿机厂商和矿机拥有者大量购入矿机设","images":[{"img":"https://static.tigerbbs.com/c124f75eb3ca9d58a4c0fe6f5b4e8ea6","width":"689","height":"688"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360645168","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":387835692,"gmtCreate":1613734587716,"gmtModify":1613734587716,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a 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href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>这次准备破30","text":"$500彩票网(WBAI)$这次准备破30","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/361352537","isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":311376298,"gmtCreate":1611764548014,"gmtModify":1703753552525,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MARA\">$Marathon Patent Group Inc.(MARA)$</a>屯币,<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>屯机器,比特大陆要分开运行,区块链大佬们的种种举动,预示着区块链的未来,不要再观望了!","listText":"<a href=\"https://laohu8.com/S/MARA\">$Marathon Patent Group Inc.(MARA)$</a>屯币,<a 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href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>稳稳的👍","text":"$500彩票网(WBAI)$稳稳的👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324284306","isVote":1,"tweetType":1,"viewCount":2216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":138045571,"gmtCreate":1621902838993,"gmtModify":1621902838993,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"一个有社会责任心的企业,一定是一个长久的企业<a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>","listText":"一个有社会责任心的企业,一定是一个长久的企业<a 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href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a>都在期待你突飞猛进","text":"$500彩票网(WBAI)$都在期待你突飞猛进","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328055401","isVote":1,"tweetType":1,"viewCount":1406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":314213846,"gmtCreate":1612353234785,"gmtModify":1703760708054,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"只有不断升级,才能打怪兽<a href=\"https://laohu8.com/S/MARA\">$Marathon Patent Group Inc.(MARA)$</a><a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/BTBT\">$Bit Digital,Inc(BTBT)$</a>","listText":"只有不断升级,才能打怪兽<a href=\"https://laohu8.com/S/MARA\">$Marathon Patent Group Inc.(MARA)$</a><a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/BTBT\">$Bit Digital,Inc(BTBT)$</a>","text":"只有不断升级,才能打怪兽$Marathon Patent Group Inc.(MARA)$$500彩票网(WBAI)$$Bit Digital,Inc(BTBT)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/314213846","repostId":"315570286","repostType":1,"repost":{"id":315570286,"gmtCreate":1612189500000,"gmtModify":1703759555908,"author":{"id":"3569499578454210","authorId":"3569499578454210","name":"美股大数据","avatar":"https://static.tigerbbs.com/3618e2816e684f920df8c3c355ce667c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569499578454210","authorIdStr":"3569499578454210"},"themes":[],"title":"加密货币潮能够推动MARA的持续上涨吗?","htmlText":"当加密货币回落时,“挖矿股”也出现了回落,比如马拉松专利集团(MarathonPatent Group,纳斯达克股票代码:MARA)。美国财政部长珍妮特·耶伦(Janet Yellen)警告称,加密货币“主要用于非法融资”后,MARA股票和其他股票受到打击。她补充说,她将“需要研究我们可以限制它们使用的方式,并确保不会通过这些渠道进行洗钱。” 然而,市场似乎对比..特..币(BTC)回到32720美元不屑一顾。相反,许多投资者开始关注相关概念的机构。随着加密货币走高,像MARA这样的公司可能收复失地。事实上,我预计MARA的股票能从28.37美元的高点回升到40美元。 刚刚购买了价值1.5亿美元的BTC 该公司首席执行官冈本梅里克(Merrick Okamoto)表示,该公司正在大力投资BTC,以加速其向投资者“纯投资选择”的转变。事实上,它刚刚在最近一次回调中买入了价值1.5亿美元的BTC。此外,到2022年第一季度末,该公司预计将拥有并运营逾10万家矿商。由于敞口很大,股票会受到BTC价格的很大影响。 另外,该公司的盈利增长令人印象深刻。MARA公布截至去年9月的三个月和九个月的收入分别为835,184美元和170万美元,而截至2019年9月的三个月和九个月的收入分别为321,716美元和908,175美元。分别比同期增长160%和89%。对加密货币和矿工来说,更好的是,各大金融机构也在跟风。 金融机构希望参与加密货币的繁荣 首先,CNBC报道称,贝莱德为两家可能购买BTC期货合约的基金提交了招股说明书。这是机构对加密货币非常感兴趣的一个重要迹象。第二,Skyridge Capital表示,正如Bitcoinist所指出的那样,我们可能会看到“机构资本的浪潮”。事实上,该公司表示,加密货币可以作为一种资产类别走向成熟,吸引对冲基金、上市公司财务主管、保险公司、养老基金、","listText":"当加密货币回落时,“挖矿股”也出现了回落,比如马拉松专利集团(MarathonPatent Group,纳斯达克股票代码:MARA)。美国财政部长珍妮特·耶伦(Janet Yellen)警告称,加密货币“主要用于非法融资”后,MARA股票和其他股票受到打击。她补充说,她将“需要研究我们可以限制它们使用的方式,并确保不会通过这些渠道进行洗钱。” 然而,市场似乎对比..特..币(BTC)回到32720美元不屑一顾。相反,许多投资者开始关注相关概念的机构。随着加密货币走高,像MARA这样的公司可能收复失地。事实上,我预计MARA的股票能从28.37美元的高点回升到40美元。 刚刚购买了价值1.5亿美元的BTC 该公司首席执行官冈本梅里克(Merrick Okamoto)表示,该公司正在大力投资BTC,以加速其向投资者“纯投资选择”的转变。事实上,它刚刚在最近一次回调中买入了价值1.5亿美元的BTC。此外,到2022年第一季度末,该公司预计将拥有并运营逾10万家矿商。由于敞口很大,股票会受到BTC价格的很大影响。 另外,该公司的盈利增长令人印象深刻。MARA公布截至去年9月的三个月和九个月的收入分别为835,184美元和170万美元,而截至2019年9月的三个月和九个月的收入分别为321,716美元和908,175美元。分别比同期增长160%和89%。对加密货币和矿工来说,更好的是,各大金融机构也在跟风。 金融机构希望参与加密货币的繁荣 首先,CNBC报道称,贝莱德为两家可能购买BTC期货合约的基金提交了招股说明书。这是机构对加密货币非常感兴趣的一个重要迹象。第二,Skyridge Capital表示,正如Bitcoinist所指出的那样,我们可能会看到“机构资本的浪潮”。事实上,该公司表示,加密货币可以作为一种资产类别走向成熟,吸引对冲基金、上市公司财务主管、保险公司、养老基金、","text":"当加密货币回落时,“挖矿股”也出现了回落,比如马拉松专利集团(MarathonPatent Group,纳斯达克股票代码:MARA)。美国财政部长珍妮特·耶伦(Janet Yellen)警告称,加密货币“主要用于非法融资”后,MARA股票和其他股票受到打击。她补充说,她将“需要研究我们可以限制它们使用的方式,并确保不会通过这些渠道进行洗钱。” 然而,市场似乎对比..特..币(BTC)回到32720美元不屑一顾。相反,许多投资者开始关注相关概念的机构。随着加密货币走高,像MARA这样的公司可能收复失地。事实上,我预计MARA的股票能从28.37美元的高点回升到40美元。 刚刚购买了价值1.5亿美元的BTC 该公司首席执行官冈本梅里克(Merrick Okamoto)表示,该公司正在大力投资BTC,以加速其向投资者“纯投资选择”的转变。事实上,它刚刚在最近一次回调中买入了价值1.5亿美元的BTC。此外,到2022年第一季度末,该公司预计将拥有并运营逾10万家矿商。由于敞口很大,股票会受到BTC价格的很大影响。 另外,该公司的盈利增长令人印象深刻。MARA公布截至去年9月的三个月和九个月的收入分别为835,184美元和170万美元,而截至2019年9月的三个月和九个月的收入分别为321,716美元和908,175美元。分别比同期增长160%和89%。对加密货币和矿工来说,更好的是,各大金融机构也在跟风。 金融机构希望参与加密货币的繁荣 首先,CNBC报道称,贝莱德为两家可能购买BTC期货合约的基金提交了招股说明书。这是机构对加密货币非常感兴趣的一个重要迹象。第二,Skyridge Capital表示,正如Bitcoinist所指出的那样,我们可能会看到“机构资本的浪潮”。事实上,该公司表示,加密货币可以作为一种资产类别走向成熟,吸引对冲基金、上市公司财务主管、保险公司、养老基金、","images":[{"img":"https://static.tigerbbs.com/967d621be21b434abc76bc414b0dd037","width":"1080","height":"608"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/315570286","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1020,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":138049693,"gmtCreate":1621902607112,"gmtModify":1621902607112,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>提高自我竞争力[强] [强] [强] [强] ","listText":"<a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>提高自我竞争力[强] [强] [强] [强] ","text":"$比特矿业(BTCM)$提高自我竞争力[强] [强] [强] [强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138049693","repostId":"131214415","repostType":1,"repost":{"id":131214415,"gmtCreate":1621863042833,"gmtModify":1709972292363,"author":{"id":"3573100047704178","authorId":"3573100047704178","name":"BIT Mining Limited","avatar":"https://static.tigerbbs.com/00d9748551be9821c169670fe9e26bd5","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573100047704178","authorIdStr":"3573100047704178"},"themes":[],"title":"比特矿业宣布在哈萨克斯坦投建矿场,并签署两项哈萨克斯坦矿机托管协议","htmlText":"2021年5月24日,比特矿业 <a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a> 一家领先的加密数字货币矿企 (以下简称“公司”),今天宣布已与一家哈萨克斯坦公司(“合作方”)签署了一份有法律约束力的投资条款(以下简称“条款”),双方将在哈萨克斯坦共同投资建设大数据中心(“哈萨克斯坦矿场”)。根据条款,公司计划投入总金额6000万人民币(约合 933万美金),与合作方共同建设和运营负荷为100兆瓦的矿场。矿场建成后,公司将持有哈萨克斯坦矿场的80%股权, 合作方持有20%股权。 与此同时,公司与该合作方以及另外一家哈萨克斯坦公司(以下简称“运营管理方”)签署了矿机托管协议(以下简称“协议”)。协议规定,合作方以及运营管理方将同时给公司在哈萨克斯坦提供大数据综合服务,包括公司的主机现场托管、宽带网络科技配套、安全监控服务器管理和故障的排查并协助公司进行维修等综合服务。公司期望在哈萨克斯坦的矿机托管总电力负荷将达到60兆瓦,其中有20兆瓦矿机托管电力预计在7月1日开始运营。加上此前宣布投建的57.2兆瓦位于美国德州的矿场,比特矿业计划在海外自建矿场的总电力负荷将达到157.2兆瓦。","listText":"2021年5月24日,比特矿业 <a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a> 一家领先的加密数字货币矿企 (以下简称“公司”),今天宣布已与一家哈萨克斯坦公司(“合作方”)签署了一份有法律约束力的投资条款(以下简称“条款”),双方将在哈萨克斯坦共同投资建设大数据中心(“哈萨克斯坦矿场”)。根据条款,公司计划投入总金额6000万人民币(约合 933万美金),与合作方共同建设和运营负荷为100兆瓦的矿场。矿场建成后,公司将持有哈萨克斯坦矿场的80%股权, 合作方持有20%股权。 与此同时,公司与该合作方以及另外一家哈萨克斯坦公司(以下简称“运营管理方”)签署了矿机托管协议(以下简称“协议”)。协议规定,合作方以及运营管理方将同时给公司在哈萨克斯坦提供大数据综合服务,包括公司的主机现场托管、宽带网络科技配套、安全监控服务器管理和故障的排查并协助公司进行维修等综合服务。公司期望在哈萨克斯坦的矿机托管总电力负荷将达到60兆瓦,其中有20兆瓦矿机托管电力预计在7月1日开始运营。加上此前宣布投建的57.2兆瓦位于美国德州的矿场,比特矿业计划在海外自建矿场的总电力负荷将达到157.2兆瓦。","text":"2021年5月24日,比特矿业 $比特矿业(BTCM)$ 一家领先的加密数字货币矿企 (以下简称“公司”),今天宣布已与一家哈萨克斯坦公司(“合作方”)签署了一份有法律约束力的投资条款(以下简称“条款”),双方将在哈萨克斯坦共同投资建设大数据中心(“哈萨克斯坦矿场”)。根据条款,公司计划投入总金额6000万人民币(约合 933万美金),与合作方共同建设和运营负荷为100兆瓦的矿场。矿场建成后,公司将持有哈萨克斯坦矿场的80%股权, 合作方持有20%股权。 与此同时,公司与该合作方以及另外一家哈萨克斯坦公司(以下简称“运营管理方”)签署了矿机托管协议(以下简称“协议”)。协议规定,合作方以及运营管理方将同时给公司在哈萨克斯坦提供大数据综合服务,包括公司的主机现场托管、宽带网络科技配套、安全监控服务器管理和故障的排查并协助公司进行维修等综合服务。公司期望在哈萨克斯坦的矿机托管总电力负荷将达到60兆瓦,其中有20兆瓦矿机托管电力预计在7月1日开始运营。加上此前宣布投建的57.2兆瓦位于美国德州的矿场,比特矿业计划在海外自建矿场的总电力负荷将达到157.2兆瓦。","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131214415","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":366405417,"gmtCreate":1614528035639,"gmtModify":1703478033821,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a>完美组合","listText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a>完美组合","text":"$500彩票网(WBAI)$$乐透互娱(08198)$完美组合","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366405417","repostId":"366582863","repostType":1,"repost":{"id":366582863,"gmtCreate":1614511965152,"gmtModify":1703477946329,"author":{"id":"3519157433193136","authorId":"3519157433193136","name":"美港股观察社","avatar":"https://static.tigerbbs.com/cfcc85fddcd77379cda6138d51be4c17","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3519157433193136","authorIdStr":"3519157433193136"},"themes":[],"title":"区块链概念股一片绿,为何500.com逆势翻红?","htmlText":"“美股已超买,恐将面临回调风险。”在摩根士坦利做出这一预测一个多月后,美股果然跌了。放眼望去,大盘一片惨绿,和股民看手机时的脸色一模一样。热门美股无一幸免。从1月底到现在,苹果从144美元跌到121美元,跌幅19%。亚马逊从3434美元跌到3092美元,跌幅10%。脸书从286美元跌到257美元,跌幅10%。谷歌从2152美元跌到2036美元,跌幅5.6%。不但美股暴跌,比特币价格也在暴跌。目前,比特币的价格为44000美元上下,比起2月22日的历史高点58000美元,跌去了24%。此时此刻,受影响最大的,无疑是那些在美股上市的区块链概念股——它们既受股市下跌影响,又受币价下跌影响,形势尤其严峻。不过,在此情况下,<a target=\"_blank\" href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a> 仍然逆势翻红。01 血流成河目前,美股的区块链概念股跌幅,均高于比特币币价的跌幅:与前期高点相比,SOS跌了70%,第九城市跌了63%,BTBT跌了51%,亿邦国际跌了49%,<a target=\"_blank\" href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a> 跌了45%,<a target=\"_blank\" href=\"https://laohu8.com/S/CAN\">$嘉楠科技(CAN)$</a> 跌了41%,MARA跌了39%,500.com跌了38.7%。一荣俱荣,一损俱损,就连曾斥资15亿美元购买比特币的特斯拉也未能逃离。特斯拉的股价现在只有675美元,在25个交易日里跌去了33.3%。而区块链概念股最近的一次血流成河,是在上周的最后一个交易日。当天,第九城市跌了20.71%,SOS跌了21%,亿邦","listText":"“美股已超买,恐将面临回调风险。”在摩根士坦利做出这一预测一个多月后,美股果然跌了。放眼望去,大盘一片惨绿,和股民看手机时的脸色一模一样。热门美股无一幸免。从1月底到现在,苹果从144美元跌到121美元,跌幅19%。亚马逊从3434美元跌到3092美元,跌幅10%。脸书从286美元跌到257美元,跌幅10%。谷歌从2152美元跌到2036美元,跌幅5.6%。不但美股暴跌,比特币价格也在暴跌。目前,比特币的价格为44000美元上下,比起2月22日的历史高点58000美元,跌去了24%。此时此刻,受影响最大的,无疑是那些在美股上市的区块链概念股——它们既受股市下跌影响,又受币价下跌影响,形势尤其严峻。不过,在此情况下,<a target=\"_blank\" href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a> 仍然逆势翻红。01 血流成河目前,美股的区块链概念股跌幅,均高于比特币币价的跌幅:与前期高点相比,SOS跌了70%,第九城市跌了63%,BTBT跌了51%,亿邦国际跌了49%,<a target=\"_blank\" href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a> 跌了45%,<a target=\"_blank\" href=\"https://laohu8.com/S/CAN\">$嘉楠科技(CAN)$</a> 跌了41%,MARA跌了39%,500.com跌了38.7%。一荣俱荣,一损俱损,就连曾斥资15亿美元购买比特币的特斯拉也未能逃离。特斯拉的股价现在只有675美元,在25个交易日里跌去了33.3%。而区块链概念股最近的一次血流成河,是在上周的最后一个交易日。当天,第九城市跌了20.71%,SOS跌了21%,亿邦","text":"“美股已超买,恐将面临回调风险。”在摩根士坦利做出这一预测一个多月后,美股果然跌了。放眼望去,大盘一片惨绿,和股民看手机时的脸色一模一样。热门美股无一幸免。从1月底到现在,苹果从144美元跌到121美元,跌幅19%。亚马逊从3434美元跌到3092美元,跌幅10%。脸书从286美元跌到257美元,跌幅10%。谷歌从2152美元跌到2036美元,跌幅5.6%。不但美股暴跌,比特币价格也在暴跌。目前,比特币的价格为44000美元上下,比起2月22日的历史高点58000美元,跌去了24%。此时此刻,受影响最大的,无疑是那些在美股上市的区块链概念股——它们既受股市下跌影响,又受币价下跌影响,形势尤其严峻。不过,在此情况下,$500彩票网(WBAI)$ 仍然逆势翻红。01 血流成河目前,美股的区块链概念股跌幅,均高于比特币币价的跌幅:与前期高点相比,SOS跌了70%,第九城市跌了63%,BTBT跌了51%,亿邦国际跌了49%,$Riot Blockchain, Inc.(RIOT)$ 跌了45%,$嘉楠科技(CAN)$ 跌了41%,MARA跌了39%,500.com跌了38.7%。一荣俱荣,一损俱损,就连曾斥资15亿美元购买比特币的特斯拉也未能逃离。特斯拉的股价现在只有675美元,在25个交易日里跌去了33.3%。而区块链概念股最近的一次血流成河,是在上周的最后一个交易日。当天,第九城市跌了20.71%,SOS跌了21%,亿邦","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366582863","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":129206150,"gmtCreate":1624372702670,"gmtModify":1624372702670,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>不经历风雨波折哪能见彩虹,海外市场又是一次转折[强] [强] ","listText":"<a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>不经历风雨波折哪能见彩虹,海外市场又是一次转折[强] [强] ","text":"$比特矿业(BTCM)$不经历风雨波折哪能见彩虹,海外市场又是一次转折[强] [强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129206150","isVote":1,"tweetType":1,"viewCount":1949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":199089838,"gmtCreate":1620656747124,"gmtModify":1620656747124,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"虚拟货币,区块链产业,正是火爆时期<a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a><a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>期待你们的大爆发","listText":"虚拟货币,区块链产业,正是火爆时期<a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a><a href=\"https://laohu8.com/S/BTCM\">$比特矿业(BTCM)$</a>期待你们的大爆发","text":"虚拟货币,区块链产业,正是火爆时期$乐透互娱(08198)$$比特矿业(BTCM)$期待你们的大爆发","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199089838","repostId":"2134634067","repostType":2,"repost":{"id":"2134634067","pubTimestamp":1620650520,"share":"https://www.laohu8.com/m/news/2134634067?lang=&edition=full","pubTime":"2021-05-10 20:42","market":"us","language":"en","title":"BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2134634067","media":"StreetInsider","summary":"SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Co","content":"<html><body><div>\n<div>\n<p>SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Company,\" \"we,\" \"us,\" \"our company,\" or \"our\"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021.</p>\n<p><b>Cryptocurrency</b><b> </b><b>Business</b><b> </b><b>Progress</b></p>\n<p>BIT Mining Limited has <span>completed</span> the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, <span>and </span>data center <span>operation</span>.</p>\n<p>As of today, we have deployed 50,113 mining machines. The theoretical maximum total hash rate capacity of such mining machines is about 1,031.5 PH/s, and we currently produce approximately <span>4</span> bitcoins each day. As of April 30, 2021, we have produced approximately 110 bitcoins, equivalent to revenue of approximately RMB40.6 million (US$6.2 million<span>).</span> As of today, we have produced approximately 147 bitcoins, equivalent to revenue of approximately RMB54.4 million (US$8.3 million). We currently own approximately 489 bitcoins, including the 356.04342 bitcoins that we received from the private placement of our Class A ordinary shares to Good Luck Information Technology Co., Limited.</p>\n<p>On March 31, 2021, we completed our subscription for shares of Loto Interactive Limited (HKEX: 08198) (\"Loto Interactive\"<span>)</span> which we refer to as our data center busines<span>s,</span> our ownership of Loto Interactive thereby increased to 54.2%, and Loto Interactive became a subsidiary of our company. As a result, the Company consolidated Loto Interactive on March 31, 2021. The three hydroelectric cryptocurrency data centers owned by Loto Interactive have an aggregate gross area of over 18,000 square meters and a total power capacity of 435WM. Such data centers could provide data analysis and storage services for up to 225,000 data processors at the same time. From April 1, 2021 to April 30, 2021, revenue generated from our data center business was RMB28.3 million (US$4.3 million).</p>\n<p><span>We also completed our acquisition of the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com (collectively, the \"BTC.com Pool Businesses\"). From April 1, 2021 to April 30, 2021, the gross profit of the BTC.com Pool Businesses was RMB 55.3 million (US$8.4 million).</span></p>\n<p>All of the BTC and ETH mining machines that we have purchased are expected to be deployed by the end of 2021. Assuming full delivery, our theoretical maximum total BTC hash rate capacity will increase to approximately 2,000 PH/s, and our theoretical maximum total ETH hash rate capacity will increase to approximately 4,800 GH/s.</p>\n<p>We also have entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete our vertical integration with our supply chain, increase our self-sufficiency while also strengthening our competitive position. </p>\n<p><b>First</b><b> Quarter </b><b>2021</b><b> Highlights</b></p>\n<ul type=\"disc\"><li>Net revenues were RMB19.6 million (US$3.0 million) in the first quarter of 2021, representing a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020, and a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020. Net revenues during the first quarter of 2021 primarily consisted of RMB11.8 million (US$1.8 million) in revenue contribution from our cryptocurrency mining business that we initiated on February 27, 2021, which accounted for 60.2% of total net revenues. </li><li>Operating loss was RMB16.5 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB34.9 million or 67.9% from RMB51.4 million for the fourth quarter of 2020, and a significant decrease of RMB20.3 million or 55.2% from RMB36.8 million for the first quarter of 2020. </li><li>Non-GAAP[1] operating loss was RMB16.2 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB16.2 million or 50.0% from RMB32.4 million for the fourth quarter of 2020, and a significant decrease of RMB15.5 million or 48.9% from RMB31.7 million for the first quarter of 2020. </li><li>Net income attributable to BIT Mining was RMB13.2 million (US$2.0 million) in the first quarter of 2021, as compared with net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020, and net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020. </li><li>Non-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) in the first quarter of 2021, representing a decrease of RMB14.7 million or 39.2% from RMB37.5 million for the fourth quarter of 2020, and a decrease of RMB12.5 million or 35.4% from RMB35.3 million for the first quarter of 2020.</li></ul><div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td><p><span>[1] Non-GAAP financial measures exclude the impact of share-based compensation expenses, impairment of long-term investments, gain on previously-held equity interest and deferred tax benefit relating to valuation allowance. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in the table at the end of this release.</span></p>\n</td></tr></table></div><p><b>First</b><b> Quarter </b><b>2021</b><b> Financial Results</b></p>\n<p><b><i>Net Revenues</i></b></p>\n<p>Net revenues were RMB19.6 million (US$3.0 million) for the first quarter of 2021, which nearly equals our net revenues for the full year 2020, representing a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020 and a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020. The year-over-year and sequential increase were mainly attributable to our cryptocurrency mining business initiated at the end of February 2021.</p>\n<p><b><i>Operating Expenses</i></b></p>\n<p>Operating expenses were RMB36.3 million (US$5.5 million) for the first quarter of 2021, representing a decrease of RMB7.7 million or 17.5% from RMB44.0 million for the first quarter of 2020, and a significant decrease of RMB24.6 million or 40.4% from RMB60.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, a decrease of RMB4.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB4.1 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB3.1 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, which were partially offset by an increase of RMB5.4 million in consulting expenses, an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB0.7 million in marketing and promotional expenses, and an increase of RMB0.7 million in lottery insurance costs for The Multi Group, or TMG. The sequential decrease was mainly due to a decrease of RMB18.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB13.7 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses, an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business, and an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines.</p>\n<p>Cost of services was RMB8.5 million (US$1.3 million) for the first quarter of 2021, representing an increase of RMB4.5 million or 112.5% from RMB4.0 million for the first quarter of 2020, and an increase of RMB4.1 million or 93.2% from RMB4.4 million for the fourth quarter of 2020. The year-over-year increase was mainly attributable to an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines, and an increase of RMB0.7 million in lottery insurance costs for TMG. The sequential increase was mainly attributable to an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business and an increase of RMB1.1 million in depreciation associated with cryptocurrency mining machines.</p>\n<p>Sales and marketing expenses were RMB2.5 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB0.5 million or 16.7% from RMB3.0 million for the first quarter of 2020, and a decrease of RMB2.1 million or 45.7% from RMB4.6 million for the fourth quarter of 2020. The sequential decrease was mainly due to a decrease of RMB1.8 million in expenses for employees and a decrease of RMB0.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.</p>\n<p>General and administrative expenses were RMB22.6 million (US$3.4 million) for the first quarter of 2021, representing a decrease of RMB7.3 million or 24.4% from RMB29.9 million for the first quarter of 2020, and a decrease of RMB18.3 million or 44.7% from RMB40.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB4.0 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, a decrease of RMB3.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB2.7 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB2.4 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB5.4 million in consulting expenses. The sequential decrease was mainly due to a decrease of RMB16.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses.</p>\n<p>Service development expenses were RMB2.7 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB4.4 million or 62.0% from RMB7.1 million for the first quarter of 2020, and a decrease of RMB8.4 million or 75.7% from RMB11.1 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB2.1 million in expenses for employees as a result of decreases in headcount, a decrease of RMB1.4 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB0.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees. The sequential decrease was mainly due to a decrease of RMB6.6 million in expenses for employees as a result of decreases in headcount and a decrease of RMB1.7 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.</p>\n<p><b><i>Operating Loss</i></b></p>\n<p>Operating loss was RMB16.5 million (US$2.5 million) for the first quarter of 2021, compared with operating loss of RMB36.8 million for the first quarter of 2020, and operating loss of RMB51.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB7.7 million in operating expenses due to cost reduction measures implemented by management. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management.</p>\n<p>Non-GAAP operating loss was RMB16.2 million (US$2.5 million) for the first quarter of 2021, compared with non-GAAP operating loss of RMB31.7 million for the first quarter of 2020, and non-GAAP operating loss of RMB32.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.</p>\n<p><b><i>Net Income (Loss)</i></b><b><i> Attributable to BIT Mining </i></b></p>\n<p>Net income attributable to BIT Mining was RMB13.2 million (US$2.0 million) for the first quarter of 2021, compared with net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020, and net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020. The year-over-year increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021. The sequential increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management, and (iii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021.</p>\n<p>Non-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) for the first quarter of 2021, compared with non-GAAP net loss attributable to BIT Mining of RMB35.3 million for the first quarter of 2020, and non-GAAP net loss attributable to BIT Mining of RMB37.5 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.</p>\n<p><b>Cash and Cash Equivalents and Restricted Cash</b></p>\n<p>As of March 31, 2021, the Company had cash and cash equivalents of RMB173.4 million (US$26.5 million) and restricted cash[2] of RMB309.8 million (US$47.3 million), compared with cash and cash equivalents of RMB308.7 million and restricted cash of RMB3.8 million as of December 31, 2020.</p>\n<p><b>Accounts receivable</b></p>\n<p>As of March 31, 2021, the Company had accounts receivable of RMB20.1 million (US$3.1 million), which primarily represents service fees receivable from the clients of Loto Interactive.</p>\n<p><b>Cryptocurrency assets</b></p>\n<p>As of March 31, 2021, the Company had cryptocurrency assets of RMB134.6 million (US$20.5 million), the equivalent of 378 bitcoins, including those received from the private placement in February 2021 and those generated from the cryptocurrency mining business initiated at the end of February 2021.</p>\n<p><b>Prepayments and Other Current Assets</b></p>\n<p>As of March 31, 2021, the balance of prepayment and other current assets was RMB93.7 million (US$14.3 million), compared with RMB23.0 million as of December 31, 2020. The balance as of March 31, 2021 mainly included: (i) the current portion of deferred expenses of RMB3.0 million (US$0.5 million); (ii) receivables from third party payment providers of RMB3.4 million (US$0.5 million); (iii) deposit receivables of RMB24.6 million (US$3.8 million); (iv) deductible value-added input tax of RMB40.0 million (US$6.1 million); and (v) other receivables of RMB22.7 million (US$3.4 million).</p>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td><p><span>[2] Restricted cash represent: (i) deposits in merchant banks for mortgage loans and with special purpose use for general offer for our acquisition of a controlling stake in Loto Interactive, (ii) deposits in merchant banks yet to be withdrawn, and (iii) government grants received but pending final clearance.</span></p>\n</td></tr></table></div><p><b>About BIT Mining Limited</b></p>\n<p>BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, <span>and</span> data center <span>operation</span>. The Company has deployed bitcoin mining machines with a theoretical maximum total hash rate capacity of approximately 1,031.5 PH/s, owns three hydroelectric cryptocurrency data centers with a total power capacity of 435MW and owns the entire mining pool business operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete its vertical integration with its supply chain, increase its self-sufficiency while also strengthening its competitive position. </p>\n<p><b>Currency Convenience Translation</b></p>\n<p>This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.5518 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2021, and all translations from Renminbi to Euros were made at the exchange rate of RMB7.8039 to EUR1.00, which was the average of the month-end exchange rates as set forth in the statistical release of State Administration of Foreign Exchange at the end of each month in 2021.</p>\n<p><b>Safe Harbor Statements</b></p>\n<p>This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \"will\", \"expects\", \"anticipates\", \"future\", \"intends\", \"plans\", \"believes\", \"estimates\", \"target\", \"going forward\", \"outlook\" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. </p>\n<p><b>About Non-GAAP Financial Measures</b></p>\n<p>To supplement the Company's financial results presented in accordance with U.S. GAAP, the Company uses non-GAAP financial measures, which are adjusted from results based on U.S. GAAP to exclude share-based compensation expenses in the Company's consolidated affiliated entities. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in table at the end of this release, which provide more details on the non-GAAP financial measures.</p>\n<p>Non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of the Company's continuing operations and prospects for the future. Non-GAAP financial information should not be considered a substitute for or superior to U.S. GAAP results. In addition, calculations of this non-GAAP financial information may be different from calculations used by other companies, and therefore comparability may be limited.</p>\n<p><b>For more information:</b></p>\n<p>BIT Mining Limitedir@500wan.com </p>\n<p>Ms. Danni ZhengPhone: +86 755 8633 8005</p>\n<p>The Piacente Group, Inc.Helen WuTel: +86 (10) 6508-0677Email: 500@tpg-ir.com </p>\n<p>In the United States:</p>\n<p>The Piacente Group, Inc.Brandi PiacenteTel: +1 (212) 481-2050Email: 500@tpg-ir.com </p>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td colspan=\"6\" nowrap=\"nowrap\"><p><span><b>BIT Mining LimitedCondensed Consolidated Balance Sheets(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares)</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>December 31,2020</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>US$</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>Audited</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>Unaudited</span></p>\n</td><td nowrap=\"nowrap\"><p><span>Unaudited</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>ASSETS</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Current assets:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Cash and cash equivalents</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>308,676</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>173,376</span></p>\n</td><td nowrap=\"nowrap\"><p><span>26,462</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Restricted cash</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,829</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>309,753</span></p>\n</td><td nowrap=\"nowrap\"><p><span>47,278</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Accounts receivable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>20,057</span></p>\n</td><td nowrap=\"nowrap\"><p><span>3,061</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Amounts due from related parties</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>368</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>821</span></p>\n</td><td nowrap=\"nowrap\"><p><span>125</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Prepayments and other current assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>22,980</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>93,694</span></p>\n</td><td nowrap=\"nowrap\"><p><span>14,300</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Cryptocurrency assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>134,641</span></p>\n</td><td nowrap=\"nowrap\"><p><span>20,550</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total current assets</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>335,853</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>732,342</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>111,776</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Non-current assets:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Property and equipment, net</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>19,779</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>375,502</span></p>\n</td><td nowrap=\"nowrap\"><p><span>57,313</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Intangible assets, net</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,398</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,399</span></p>\n</td><td nowrap=\"nowrap\"><p><span>366</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Deposits</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1,480</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>26,411</span></p>\n</td><td nowrap=\"nowrap\"><p><span>4,031</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Long-term investments</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>99,972</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>69,076</span></p>\n</td><td nowrap=\"nowrap\"><p><span>10,543</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Right-of-use assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>9,327</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>12,673</span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,934</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Other non-current assets</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1,664</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>86,303</span></p>\n</td><td nowrap=\"nowrap\"><p><span>13,172</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total non-current assets</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>134,620</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>572,364</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>87,359</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>TOTAL ASSETS</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>470,473</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>1,304,706</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>199,135</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>LIABILITIES AND SHAREHOLDERS' EQUITY </b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Current liabilities:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Short term loans</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>170,208</span></p>\n</td><td nowrap=\"nowrap\"><p><span>25,979</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Accounts payable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>21,318</span></p>\n</td><td nowrap=\"nowrap\"><p><span>3,254</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Amounts due to related parties</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,503</span></p>\n</td><td nowrap=\"nowrap\"><p><span>382</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Accrued payroll and welfare payable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>13,401</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,510</span></p>\n</td><td nowrap=\"nowrap\"><p><span>383</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Accrued expenses and other current liabilities</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>55,960</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>165,945</span></p>\n</td><td nowrap=\"nowrap\"><p><span>25,324</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Income tax payable</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>549</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>6,785</span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,036</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Operating lease liabilities - current</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,710</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>6,354</span></p>\n</td><td nowrap=\"nowrap\"><p><span>970</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total current liabilities</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>73,620</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>375,623</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>57,328</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Non-current liabilities:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Long-term payables</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>526</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>457</span></p>\n</td><td nowrap=\"nowrap\"><p><span>70</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Operating lease liabilities - non-current</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>5,807</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>7,009</span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,070</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total non-current liabilities</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>6,333</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>7,466</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,140</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>TOTAL LIABILITIES</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>79,953</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>383,089</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>58,468</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Shareholders' Equity:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Class A ordinary shares, par value US$0.00005 per share, 700,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 430,127,692 and 559,934,055 shares issued and outstanding as of December 31, 2020 and March 31, 2021, respectively</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>151</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>194</span></p>\n</td><td nowrap=\"nowrap\"><p><span>30</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><span>Class B ordinary shares, par value US$0.00005 per share; 300,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 99 shares issued and outstanding as of December 31, 2020 and March 31, 2021</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Additional paid-in capital</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,602,883</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,981,822</span></p>\n</td><td nowrap=\"nowrap\"><p><span>455,115</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Treasury shares</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(143,780)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(143,780)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(21,945)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Accumulated deficit and statutory reserve</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,183,918)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,170,756)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(331,322)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Accumulated other comprehensive income</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>128,441</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>136,075</span></p>\n</td><td nowrap=\"nowrap\"><p><span>20,769</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total BIT Mining Limited shareholders' equity</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>403,777</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>803,555</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>122,647</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Noncontrolling interests</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(13,257)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>118,062</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>18,020</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total shareholders' equity</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>390,520</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>921,617</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>140,667</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>470,473</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>1,304,706</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>199,135</b></span></p>\n</td></tr></table></div>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td colspan=\"8\" nowrap=\"nowrap\"><p><span><b>BIT Mining LimitedCondensed Consolidated Statements of Comprehensive Loss (Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) </b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td colspan=\"6\" nowrap=\"nowrap\"><p><span><b> Three Months Ended </b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>March 31,2020</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>December 31,2020</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>March 31,2021</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>RMB</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>US$</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td><td nowrap=\"nowrap\"><p><span> Unaudited </span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Net Revenues</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,064</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>8,958</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>19,559</span></p>\n</td><td nowrap=\"nowrap\"><p><span>2,985</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Operating costs and expenses:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Cost of services</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(3,984)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(4,350)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(8,451)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(1,290)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Sales and marketing expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(3,042)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(4,550)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,492)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(380)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> General and administrative expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(29,876)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(40,891)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(22,645)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(3,456)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Service development expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,146)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(11,145)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,749)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(420)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Total operating expenses</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(44,048)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(60,936)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,337)</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>(5,546)</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Other operating income </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>4,091</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>487</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>561</span></p>\n</td><td nowrap=\"nowrap\"><p><span>86</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Government grant</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>169</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>304</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>69</span></p>\n</td><td nowrap=\"nowrap\"><p><span>11</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Other operating expenses</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(53)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(254)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(309)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(47)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Operating loss</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,777)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(51,441)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(16,457)</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>(2,511)</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Other (expenses) income, net</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(375)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>9</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>312</span></p>\n</td><td nowrap=\"nowrap\"><p><span>48</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Interest income</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>2,391</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1,923</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>499</span></p>\n</td><td nowrap=\"nowrap\"><p><span>76</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Interest expense</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(792)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(121)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Loss from equity method investments</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(5,211)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,156)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,044)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(1,075)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Gain on previously held equity interest </span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>36,142</span></p>\n</td><td nowrap=\"nowrap\"><p><span>5,516</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Impairment of long-term investments</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>456</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Gain from disposal of a subsidiary</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>211</span></p>\n</td><td nowrap=\"nowrap\"><p><span>32</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>(Loss) income before income tax</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(39,972)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(56,209)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>12,871</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,965</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Income tax benefit</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>3,593</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>1</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td><td nowrap=\"nowrap\"><p><span>-</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Net (loss) income</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,379)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(56,208)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>12,871</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,965</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Less: Net income (loss) attributable to noncontrolling interests</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>449</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(101)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(291)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(44)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Net (loss) income attributable to BIT Mining Limited</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(36,828)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(56,107)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>13,162</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>2,009</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Other comprehensive income (loss)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span> Share of other comprehensive (loss) income of an equity method investee</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(2,409)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>16</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><span>-</span></span></p>\n</td><td nowrap=\"nowrap\">\n<p><span><span>-</span></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span> Foreign currency translation gain (loss)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>4,104</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(7,853)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><span>7,634</span></span></p>\n</td><td nowrap=\"nowrap\"><p><span>1,165</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Other comprehensive income (loss), net of tax</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>1,695</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(7,837)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>7,634</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>1,165</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Comprehensive (loss) income</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(34,684)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(64,045)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>20,505</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>3,130</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Less: Comprehensive income (loss) attributable to noncontrolling interests </span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>449</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(101)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(291)</span></p>\n</td><td nowrap=\"nowrap\"><p><span>(44)</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Comprehensive (loss) income attributable to BIT Mining Limited</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(35,133)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>(63,944)</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span><b>20,796</b></span></p>\n</td><td nowrap=\"nowrap\"><p><span><b>3,174</b></span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b>Weighted average number of Class A and Class B ordinary shares outstanding:</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span>Basic</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,002,155</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,018,184</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>487,551,175</span></p>\n</td><td nowrap=\"nowrap\"><p><span>487,551,175</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"><p><span>Diluted</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,002,155</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>430,018,184</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>498,573,411</span></p>\n</td><td nowrap=\"nowrap\"><p><span>498,573,411</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span>(Losses) income</span> per share attributable to BIT Mining Limited-Basic</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.09)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.13)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.03</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.00</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span><b><span>(Losses) income</span></b></span> per ADS* attributable to BIT Mining Limited-Basic</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income </span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.86)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(1.30)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.27</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.04</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span><b><span>(Losses) income</span></b></span> per share attributable to BIT Mining Limited-Diluted</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.09)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.13)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.03</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.00</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><b><span><b><span>(Losses) income</span></b></span> per ADS* attributable to BIT Mining Limited-Diluted</b></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td nowrap=\"nowrap\"><p><span><span> Net (loss) income</span></span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(0.86)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>(1.30)</span></p>\n</td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"><p><span>0.26</span></p>\n</td><td nowrap=\"nowrap\"><p><span>0.04</span></p>\n</td></tr><tr><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td><td nowrap=\"nowrap\"></td></tr><tr><td colspan=\"8\" nowrap=\"nowrap\"><p><span>* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.</span></p>\n</td></tr></table></div>\n<div><table border=\"0\" cellpadding=\"0\" cellspacing=\"0\"><tr><td colspan=\"8\"><p><span><b>BIT Mining LimitedReconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) </b></span></p>\n</td></tr><tr><td></td><td></td><td colspan=\"6\"><p><span><b> Three Months Ended </b></span></p>\n</td></tr><tr><td></td><td></td><td><p><span><b>March 31,2020</b></span></p>\n</td><td></td><td><p><span><b>December 31,2020</b></span></p>\n</td><td></td><td><p><span><b>March 31,2021</b></span></p>\n</td><td><p><span><b>March 31,2021</b></span></p>\n</td></tr><tr><td></td><td></td><td><p><span><b>RMB</b></span></p>\n</td><td></td><td><p><span><b>RMB</b></span></p>\n</td><td></td><td><p><span><b>RMB</b></span></p>\n</td><td><p><span><b>US$</b></span></p>\n</td></tr><tr><td></td><td></td><td><p><span> Unaudited </span></p>\n</td><td></td><td><p><span> Unaudited </span></p>\n</td><td></td><td><p><span> Unaudited </span></p>\n</td><td><p><span> Unaudited </span></p>\n</td></tr><tr><td><p><span><b>Operating loss</b></span></p>\n</td><td></td><td><p><span>(36,777)</span></p>\n</td><td></td><td><p><span>(51,441)</span></p>\n</td><td></td><td><p><span>(16,457)</span></p>\n</td><td><p><span>(2,511)</span></p>\n</td></tr><tr><td><p><span> Adjustment for share-based compensation expenses</span></p>\n</td><td></td><td><p><span>5,103</span></p>\n</td><td></td><td><p><span>19,046</span></p>\n</td><td></td><td><p><span>212</span></p>\n</td><td><p><span>32</span></p>\n</td></tr><tr><td><p><span><b>Adjusted operating loss (non-GAAP)</b></span></p>\n</td><td></td><td><p><span><b>(31,674)</b></span></p>\n</td><td></td><td><p><span><b>(32,395)</b></span></p>\n</td><td></td><td><p><span><b>(16,245)</b></span></p>\n</td><td><p><span><b>(2,479)</b></span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Net (loss) income attributable to BIT Mining Limited</b></span></p>\n</td><td></td><td><p><span><b>(36,828)</b></span></p>\n</td><td></td><td><p><span><b>(56,107)</b></span></p>\n</td><td></td><td><p><span><b>13,162</b></span></p>\n</td><td><p><span><b>2,009</b></span></p>\n</td></tr><tr><td><p><span> Adjustment for share-based compensation expenses</span></p>\n</td><td></td><td><p><span>5,103</span></p>\n</td><td></td><td><p><span>19,046</span></p>\n</td><td></td><td><p><span>212</span></p>\n</td><td><p><span>32</span></p>\n</td></tr><tr><td><p><span> Adjustment for impairment of long-term investments</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>(456)</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td><p><span>-</span></p>\n</td></tr><tr><td><p><span> Adjustment for deferred tax benefit relating to valuation allowance</span></p>\n</td><td></td><td><p><span>(3,599)</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td><p><span>-</span></p>\n</td></tr><tr><td><p><span> Adjustment for gain on previously held equity interest</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>-</span></p>\n</td><td></td><td><p><span>(36,142)</span></p>\n</td><td><p><span>(5,516)</span></p>\n</td></tr><tr><td><p><span><b>Adjusted net loss attributable to BIT Mining Limited (non-GAAP) </b></span></p>\n</td><td></td><td><p><span><b>(35,324)</b></span></p>\n</td><td></td><td><p><span><b>(37,517)</b></span></p>\n</td><td></td><td><p><span><b>(22,768)</b></span></p>\n</td><td><p><span><b>(3,475)</b></span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Weighted average number of Class A and Class B ordinary shares outstanding:</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span>Basic</span></p>\n</td><td></td><td><p><span>430,002,155</span></p>\n</td><td></td><td><p><span>430,018,184</span></p>\n</td><td></td><td><p><span>487,551,175</span></p>\n</td><td><p><span>487,551,175</span></p>\n</td></tr><tr><td><p><span>Diluted</span></p>\n</td><td></td><td><p><span>430,002,155</span></p>\n</td><td></td><td><p><span>430,018,184</span></p>\n</td><td></td><td><p><span>498,573,411</span></p>\n</td><td><p><span>498,573,411</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per share attributable to BIT Mining Limited (non-GAAP)-Basic</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.08)</span></p>\n</td><td></td><td><p><span>(0.09)</span></p>\n</td><td></td><td><p><span>(0.05)</span></p>\n</td><td><p><span>(0.01)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per ADS* attributable to BIT Mining Limited (non-GAAP)-Basic</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.82)</span></p>\n</td><td></td><td><p><span>(0.87)</span></p>\n</td><td></td><td><p><span>(0.47)</span></p>\n</td><td><p><span>(0.07)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per share attributable to BIT Mining Limited (non-GAAP)-Diluted</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.08)</span></p>\n</td><td></td><td><p><span>(0.09)</span></p>\n</td><td></td><td><p><span>(0.05)</span></p>\n</td><td><p><span>(0.01)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span><b>Losses per ADS* attributable to BIT Mining Limited (non-GAAP)-Diluted</b></span></p>\n</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p><span> Net loss (non-GAAP)</span></p>\n</td><td></td><td><p><span>(0.82)</span></p>\n</td><td></td><td><p><span>(0.87)</span></p>\n</td><td></td><td><p><span>(0.46)</span></p>\n</td><td><p><span>(0.07)</span></p>\n</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan=\"8\"><p><span>* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.</span></p>\n</td></tr></table></div>\n<p><img height=\"12\" src=\"https://c212.net/c/img/favicon.png?sn=CN71552&sd=2021-05-10\" title=\"Cision\" width=\"12\"/> View original content:http://www.prnewswire.com/news-releases/bit-mining-limited-announces-unaudited-financial-results-for-the-first-quarter-ended-march-31-2021-301287511.html</p>\n<p>SOURCE BIT Mining Limited</p>\n</div> </div></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-10 20:42 GMT+8 <a href=https://www.streetinsider.com/dr/news.php?id=18391189><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Company,\" \"we,\" \"us,\" \"our company,\" or \"our\"), a leading cryptocurrency mining enterprise, today ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18391189\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FFBC":"第一金融银行股份","FBNC":"第一万能金控","FNLC":"第一万通金控","BTCM":"BIT Mining","THFF":"First Financial Corporation Indi"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18391189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134634067","content_text":"SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) (\"BIT Mining,\" \"the Company,\" \"we,\" \"us,\" \"our company,\" or \"our\"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021.\nCryptocurrency Business Progress\nBIT Mining Limited has completed the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, and data center operation.\nAs of today, we have deployed 50,113 mining machines. The theoretical maximum total hash rate capacity of such mining machines is about 1,031.5 PH/s, and we currently produce approximately 4 bitcoins each day. As of April 30, 2021, we have produced approximately 110 bitcoins, equivalent to revenue of approximately RMB40.6 million (US$6.2 million). As of today, we have produced approximately 147 bitcoins, equivalent to revenue of approximately RMB54.4 million (US$8.3 million). We currently own approximately 489 bitcoins, including the 356.04342 bitcoins that we received from the private placement of our Class A ordinary shares to Good Luck Information Technology Co., Limited.\nOn March 31, 2021, we completed our subscription for shares of Loto Interactive Limited (HKEX: 08198) (\"Loto Interactive\") which we refer to as our data center business, our ownership of Loto Interactive thereby increased to 54.2%, and Loto Interactive became a subsidiary of our company. As a result, the Company consolidated Loto Interactive on March 31, 2021. The three hydroelectric cryptocurrency data centers owned by Loto Interactive have an aggregate gross area of over 18,000 square meters and a total power capacity of 435WM. Such data centers could provide data analysis and storage services for up to 225,000 data processors at the same time. From April 1, 2021 to April 30, 2021, revenue generated from our data center business was RMB28.3 million (US$4.3 million).\nWe also completed our acquisition of the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com (collectively, the \"BTC.com Pool Businesses\"). From April 1, 2021 to April 30, 2021, the gross profit of the BTC.com Pool Businesses was RMB 55.3 million (US$8.4 million).\nAll of the BTC and ETH mining machines that we have purchased are expected to be deployed by the end of 2021. Assuming full delivery, our theoretical maximum total BTC hash rate capacity will increase to approximately 2,000 PH/s, and our theoretical maximum total ETH hash rate capacity will increase to approximately 4,800 GH/s.\nWe also have entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete our vertical integration with our supply chain, increase our self-sufficiency while also strengthening our competitive position. \nFirst Quarter 2021 Highlights\nNet revenues were RMB19.6 million (US$3.0 million) in the first quarter of 2021, representing a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020, and a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020. Net revenues during the first quarter of 2021 primarily consisted of RMB11.8 million (US$1.8 million) in revenue contribution from our cryptocurrency mining business that we initiated on February 27, 2021, which accounted for 60.2% of total net revenues. Operating loss was RMB16.5 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB34.9 million or 67.9% from RMB51.4 million for the fourth quarter of 2020, and a significant decrease of RMB20.3 million or 55.2% from RMB36.8 million for the first quarter of 2020. Non-GAAP[1] operating loss was RMB16.2 million (US$2.5 million) in the first quarter of 2021, representing a significant decrease of RMB16.2 million or 50.0% from RMB32.4 million for the fourth quarter of 2020, and a significant decrease of RMB15.5 million or 48.9% from RMB31.7 million for the first quarter of 2020. Net income attributable to BIT Mining was RMB13.2 million (US$2.0 million) in the first quarter of 2021, as compared with net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020, and net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020. Non-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) in the first quarter of 2021, representing a decrease of RMB14.7 million or 39.2% from RMB37.5 million for the fourth quarter of 2020, and a decrease of RMB12.5 million or 35.4% from RMB35.3 million for the first quarter of 2020.[1] Non-GAAP financial measures exclude the impact of share-based compensation expenses, impairment of long-term investments, gain on previously-held equity interest and deferred tax benefit relating to valuation allowance. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in the table at the end of this release.\nFirst Quarter 2021 Financial Results\nNet Revenues\nNet revenues were RMB19.6 million (US$3.0 million) for the first quarter of 2021, which nearly equals our net revenues for the full year 2020, representing a sharp increase of RMB16.5 million or 532.3% from RMB3.1 million for the first quarter of 2020 and a significant increase of RMB10.6 million or 117.8% from RMB9.0 million for the fourth quarter of 2020. The year-over-year and sequential increase were mainly attributable to our cryptocurrency mining business initiated at the end of February 2021.\nOperating Expenses\nOperating expenses were RMB36.3 million (US$5.5 million) for the first quarter of 2021, representing a decrease of RMB7.7 million or 17.5% from RMB44.0 million for the first quarter of 2020, and a significant decrease of RMB24.6 million or 40.4% from RMB60.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, a decrease of RMB4.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB4.1 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB3.1 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, which were partially offset by an increase of RMB5.4 million in consulting expenses, an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB0.7 million in marketing and promotional expenses, and an increase of RMB0.7 million in lottery insurance costs for The Multi Group, or TMG. The sequential decrease was mainly due to a decrease of RMB18.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB13.7 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses, an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business, and an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines.\nCost of services was RMB8.5 million (US$1.3 million) for the first quarter of 2021, representing an increase of RMB4.5 million or 112.5% from RMB4.0 million for the first quarter of 2020, and an increase of RMB4.1 million or 93.2% from RMB4.4 million for the fourth quarter of 2020. The year-over-year increase was mainly attributable to an increase of RMB2.4 million in server hosting expenses associated with cryptocurrency mining business, an increase of RMB1.0 million in depreciation associated with cryptocurrency mining machines, and an increase of RMB0.7 million in lottery insurance costs for TMG. The sequential increase was mainly attributable to an increase of RMB2.6 million in server hosting expenses associated with cryptocurrency mining business and an increase of RMB1.1 million in depreciation associated with cryptocurrency mining machines.\nSales and marketing expenses were RMB2.5 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB0.5 million or 16.7% from RMB3.0 million for the first quarter of 2020, and a decrease of RMB2.1 million or 45.7% from RMB4.6 million for the fourth quarter of 2020. The sequential decrease was mainly due to a decrease of RMB1.8 million in expenses for employees and a decrease of RMB0.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.\nGeneral and administrative expenses were RMB22.6 million (US$3.4 million) for the first quarter of 2021, representing a decrease of RMB7.3 million or 24.4% from RMB29.9 million for the first quarter of 2020, and a decrease of RMB18.3 million or 44.7% from RMB40.9 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB4.0 million in depreciation mainly associated with leasehold improvements for the partial termination of our office lease in Shenzhen, a decrease of RMB3.9 million in share-based compensation expenses associated with share options granted to the Company's directors and employees, a decrease of RMB2.7 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB2.4 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB5.4 million in consulting expenses. The sequential decrease was mainly due to a decrease of RMB16.6 million in share-based compensation expenses associated with share options granted to the Company's directors and employees and a decrease of RMB5.3 million in expenses for employees as a result of decreases in headcount, which were partially offset by an increase of RMB3.9 million in consulting expenses.\nService development expenses were RMB2.7 million (US$0.4 million) for the first quarter of 2021, representing a decrease of RMB4.4 million or 62.0% from RMB7.1 million for the first quarter of 2020, and a decrease of RMB8.4 million or 75.7% from RMB11.1 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to a decrease of RMB2.1 million in expenses for employees as a result of decreases in headcount, a decrease of RMB1.4 million in rental expenses mainly resulting from the partial termination of our office lease in Shenzhen, and a decrease of RMB0.8 million in share-based compensation expenses associated with share options granted to the Company's directors and employees. The sequential decrease was mainly due to a decrease of RMB6.6 million in expenses for employees as a result of decreases in headcount and a decrease of RMB1.7 million in share-based compensation expenses associated with share options granted to the Company's directors and employees.\nOperating Loss\nOperating loss was RMB16.5 million (US$2.5 million) for the first quarter of 2021, compared with operating loss of RMB36.8 million for the first quarter of 2020, and operating loss of RMB51.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB7.7 million in operating expenses due to cost reduction measures implemented by management. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management.\nNon-GAAP operating loss was RMB16.2 million (US$2.5 million) for the first quarter of 2021, compared with non-GAAP operating loss of RMB31.7 million for the first quarter of 2020, and non-GAAP operating loss of RMB32.4 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.\nNet Income (Loss) Attributable to BIT Mining \nNet income attributable to BIT Mining was RMB13.2 million (US$2.0 million) for the first quarter of 2021, compared with net loss attributable to BIT Mining of RMB36.8 million for the first quarter of 2020, and net loss attributable to BIT Mining of RMB56.1 million for the fourth quarter of 2020. The year-over-year increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021. The sequential increase in net income attributable to BIT Mining was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, (ii) a decrease of RMB24.6 million in operating expenses due to cost reduction measures implemented by management, and (iii) an increase of RMB36.1 million in gain on previously-held equity interest in Loto Interactive as a result of re-measurement of the previously-held equity interest in Loto Interactive at the acquisition date fair value on March 31, 2021.\nNon-GAAP net loss attributable to BIT Mining was RMB22.8 million (US$3.5 million) for the first quarter of 2021, compared with non-GAAP net loss attributable to BIT Mining of RMB35.3 million for the first quarter of 2020, and non-GAAP net loss attributable to BIT Mining of RMB37.5 million for the fourth quarter of 2020. The year-over-year decrease was mainly due to an increase of RMB16.5 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021. The sequential decrease was mainly due to (i) an increase of RMB10.6 million in revenue, which was mainly attributable to the cryptocurrency mining business initiated at the end of February 2021, and (ii) a decrease of RMB5.8 million in Non-GAAP operating expenses due to cost reduction measures implemented by management.\nCash and Cash Equivalents and Restricted Cash\nAs of March 31, 2021, the Company had cash and cash equivalents of RMB173.4 million (US$26.5 million) and restricted cash[2] of RMB309.8 million (US$47.3 million), compared with cash and cash equivalents of RMB308.7 million and restricted cash of RMB3.8 million as of December 31, 2020.\nAccounts receivable\nAs of March 31, 2021, the Company had accounts receivable of RMB20.1 million (US$3.1 million), which primarily represents service fees receivable from the clients of Loto Interactive.\nCryptocurrency assets\nAs of March 31, 2021, the Company had cryptocurrency assets of RMB134.6 million (US$20.5 million), the equivalent of 378 bitcoins, including those received from the private placement in February 2021 and those generated from the cryptocurrency mining business initiated at the end of February 2021.\nPrepayments and Other Current Assets\nAs of March 31, 2021, the balance of prepayment and other current assets was RMB93.7 million (US$14.3 million), compared with RMB23.0 million as of December 31, 2020. The balance as of March 31, 2021 mainly included: (i) the current portion of deferred expenses of RMB3.0 million (US$0.5 million); (ii) receivables from third party payment providers of RMB3.4 million (US$0.5 million); (iii) deposit receivables of RMB24.6 million (US$3.8 million); (iv) deductible value-added input tax of RMB40.0 million (US$6.1 million); and (v) other receivables of RMB22.7 million (US$3.4 million).\n[2] Restricted cash represent: (i) deposits in merchant banks for mortgage loans and with special purpose use for general offer for our acquisition of a controlling stake in Loto Interactive, (ii) deposits in merchant banks yet to be withdrawn, and (iii) government grants received but pending final clearance.\nAbout BIT Mining Limited\nBIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The Company has deployed bitcoin mining machines with a theoretical maximum total hash rate capacity of approximately 1,031.5 PH/s, owns three hydroelectric cryptocurrency data centers with a total power capacity of 435MW and owns the entire mining pool business operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing (HK) Limited, to complete its vertical integration with its supply chain, increase its self-sufficiency while also strengthening its competitive position. \nCurrency Convenience Translation\nThis announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.5518 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2021, and all translations from Renminbi to Euros were made at the exchange rate of RMB7.8039 to EUR1.00, which was the average of the month-end exchange rates as set forth in the statistical release of State Administration of Foreign Exchange at the end of each month in 2021.\nSafe Harbor Statements\nThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \"will\", \"expects\", \"anticipates\", \"future\", \"intends\", \"plans\", \"believes\", \"estimates\", \"target\", \"going forward\", \"outlook\" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. \nAbout Non-GAAP Financial Measures\nTo supplement the Company's financial results presented in accordance with U.S. GAAP, the Company uses non-GAAP financial measures, which are adjusted from results based on U.S. GAAP to exclude share-based compensation expenses in the Company's consolidated affiliated entities. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in table at the end of this release, which provide more details on the non-GAAP financial measures.\nNon-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of the Company's continuing operations and prospects for the future. Non-GAAP financial information should not be considered a substitute for or superior to U.S. GAAP results. In addition, calculations of this non-GAAP financial information may be different from calculations used by other companies, and therefore comparability may be limited.\nFor more information:\nBIT Mining Limitedir@500wan.com \nMs. Danni ZhengPhone: +86 755 8633 8005\nThe Piacente Group, Inc.Helen WuTel: +86 (10) 6508-0677Email: 500@tpg-ir.com \nIn the United States:\nThe Piacente Group, Inc.Brandi PiacenteTel: +1 (212) 481-2050Email: 500@tpg-ir.com \nBIT Mining LimitedCondensed Consolidated Balance Sheets(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares)\nDecember 31,2020\nMarch 31,2021\nMarch 31,2021\nRMB\nRMB\nUS$\nAudited\nUnaudited\nUnaudited\nASSETS\nCurrent assets:\nCash and cash equivalents\n308,676\n173,376\n26,462\nRestricted cash\n3,829\n309,753\n47,278\nAccounts receivable\n-\n20,057\n3,061\nAmounts due from related parties\n368\n821\n125\nPrepayments and other current assets\n22,980\n93,694\n14,300\nCryptocurrency assets\n-\n134,641\n20,550\nTotal current assets\n335,853\n732,342\n111,776\nNon-current assets:\nProperty and equipment, net\n19,779\n375,502\n57,313\nIntangible assets, net\n2,398\n2,399\n366\nDeposits\n1,480\n26,411\n4,031\nLong-term investments\n99,972\n69,076\n10,543\nRight-of-use assets\n9,327\n12,673\n1,934\nOther non-current assets\n1,664\n86,303\n13,172\nTotal non-current assets\n134,620\n572,364\n87,359\nTOTAL ASSETS\n470,473\n1,304,706\n199,135\nLIABILITIES AND SHAREHOLDERS' EQUITY \nCurrent liabilities:\n Short term loans\n-\n170,208\n25,979\n Accounts payable\n-\n21,318\n3,254\n Amounts due to related parties\n-\n2,503\n382\n Accrued payroll and welfare payable\n13,401\n2,510\n383\n Accrued expenses and other current liabilities\n55,960\n165,945\n25,324\n Income tax payable\n549\n6,785\n1,036\n Operating lease liabilities - current\n3,710\n6,354\n970\nTotal current liabilities\n73,620\n375,623\n57,328\nNon-current liabilities:\n Long-term payables\n526\n457\n70\n Operating lease liabilities - non-current\n5,807\n7,009\n1,070\nTotal non-current liabilities\n6,333\n7,466\n1,140\nTOTAL LIABILITIES\n79,953\n383,089\n58,468\nShareholders' Equity:\nClass A ordinary shares, par value US$0.00005 per share, 700,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 430,127,692 and 559,934,055 shares issued and outstanding as of December 31, 2020 and March 31, 2021, respectively\n151\n194\n30\nClass B ordinary shares, par value US$0.00005 per share; 300,000,000 shares authorized as of December 31, 2020 and March 31, 2021; 99 shares issued and outstanding as of December 31, 2020 and March 31, 2021\n-\n-\n-\nAdditional paid-in capital\n2,602,883\n2,981,822\n455,115\nTreasury shares\n(143,780)\n(143,780)\n(21,945)\nAccumulated deficit and statutory reserve\n(2,183,918)\n(2,170,756)\n(331,322)\nAccumulated other comprehensive income\n128,441\n136,075\n20,769\nTotal BIT Mining Limited shareholders' equity\n403,777\n803,555\n122,647\nNoncontrolling interests\n(13,257)\n118,062\n18,020\nTotal shareholders' equity\n390,520\n921,617\n140,667\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\n470,473\n1,304,706\n199,135\n\nBIT Mining LimitedCondensed Consolidated Statements of Comprehensive Loss (Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) \n Three Months Ended \nMarch 31,2020\nDecember 31,2020\nMarch 31,2021\nMarch 31,2021\nRMB\nRMB\nRMB\nUS$\n Unaudited \n Unaudited \n Unaudited \n Unaudited \nNet Revenues\n3,064\n8,958\n19,559\n2,985\nOperating costs and expenses:\n Cost of services\n(3,984)\n(4,350)\n(8,451)\n(1,290)\n Sales and marketing expenses\n(3,042)\n(4,550)\n(2,492)\n(380)\n General and administrative expenses\n(29,876)\n(40,891)\n(22,645)\n(3,456)\n Service development expenses\n(7,146)\n(11,145)\n(2,749)\n(420)\nTotal operating expenses\n(44,048)\n(60,936)\n(36,337)\n(5,546)\n Other operating income \n4,091\n487\n561\n86\n Government grant\n169\n304\n69\n11\n Other operating expenses\n(53)\n(254)\n(309)\n(47)\nOperating loss\n(36,777)\n(51,441)\n(16,457)\n(2,511)\n Other (expenses) income, net\n(375)\n9\n312\n48\n Interest income\n2,391\n1,923\n499\n76\n Interest expense\n-\n-\n(792)\n(121)\n Loss from equity method investments\n(5,211)\n(7,156)\n(7,044)\n(1,075)\n Gain on previously held equity interest \n-\n-\n36,142\n5,516\n Impairment of long-term investments\n-\n456\n-\n-\n Gain from disposal of a subsidiary\n-\n-\n211\n32\n(Loss) income before income tax\n(39,972)\n(56,209)\n12,871\n1,965\n Income tax benefit\n3,593\n1\n-\n-\nNet (loss) income\n(36,379)\n(56,208)\n12,871\n1,965\n Less: Net income (loss) attributable to noncontrolling interests\n449\n(101)\n(291)\n(44)\nNet (loss) income attributable to BIT Mining Limited\n(36,828)\n(56,107)\n13,162\n2,009\nOther comprehensive income (loss)\n Share of other comprehensive (loss) income of an equity method investee\n(2,409)\n16\n-\n\n-\n Foreign currency translation gain (loss)\n4,104\n(7,853)\n7,634\n1,165\nOther comprehensive income (loss), net of tax\n1,695\n(7,837)\n7,634\n1,165\nComprehensive (loss) income\n(34,684)\n(64,045)\n20,505\n3,130\n Less: Comprehensive income (loss) attributable to noncontrolling interests \n449\n(101)\n(291)\n(44)\nComprehensive (loss) income attributable to BIT Mining Limited\n(35,133)\n(63,944)\n20,796\n3,174\nWeighted average number of Class A and Class B ordinary shares outstanding:\nBasic\n430,002,155\n430,018,184\n487,551,175\n487,551,175\nDiluted\n430,002,155\n430,018,184\n498,573,411\n498,573,411\n(Losses) income per share attributable to BIT Mining Limited-Basic\n Net (loss) income\n(0.09)\n(0.13)\n0.03\n0.00\n(Losses) income per ADS* attributable to BIT Mining Limited-Basic\n Net (loss) income \n(0.86)\n(1.30)\n0.27\n0.04\n(Losses) income per share attributable to BIT Mining Limited-Diluted\n Net (loss) income\n(0.09)\n(0.13)\n0.03\n0.00\n(Losses) income per ADS* attributable to BIT Mining Limited-Diluted\n Net (loss) income\n(0.86)\n(1.30)\n0.26\n0.04\n* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.\n\nBIT Mining LimitedReconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures(Amounts in thousands of Renminbi (\"RMB\") and U.S. dollars (\"US$\"), except for number of shares, per share (or ADS) data) \n Three Months Ended \nMarch 31,2020\nDecember 31,2020\nMarch 31,2021\nMarch 31,2021\nRMB\nRMB\nRMB\nUS$\n Unaudited \n Unaudited \n Unaudited \n Unaudited \nOperating loss\n(36,777)\n(51,441)\n(16,457)\n(2,511)\n Adjustment for share-based compensation expenses\n5,103\n19,046\n212\n32\nAdjusted operating loss (non-GAAP)\n(31,674)\n(32,395)\n(16,245)\n(2,479)\nNet (loss) income attributable to BIT Mining Limited\n(36,828)\n(56,107)\n13,162\n2,009\n Adjustment for share-based compensation expenses\n5,103\n19,046\n212\n32\n Adjustment for impairment of long-term investments\n-\n(456)\n-\n-\n Adjustment for deferred tax benefit relating to valuation allowance\n(3,599)\n-\n-\n-\n Adjustment for gain on previously held equity interest\n-\n-\n(36,142)\n(5,516)\nAdjusted net loss attributable to BIT Mining Limited (non-GAAP) \n(35,324)\n(37,517)\n(22,768)\n(3,475)\nWeighted average number of Class A and Class B ordinary shares outstanding:\nBasic\n430,002,155\n430,018,184\n487,551,175\n487,551,175\nDiluted\n430,002,155\n430,018,184\n498,573,411\n498,573,411\nLosses per share attributable to BIT Mining Limited (non-GAAP)-Basic\n Net loss (non-GAAP)\n(0.08)\n(0.09)\n(0.05)\n(0.01)\nLosses per ADS* attributable to BIT Mining Limited (non-GAAP)-Basic\n Net loss (non-GAAP)\n(0.82)\n(0.87)\n(0.47)\n(0.07)\nLosses per share attributable to BIT Mining Limited (non-GAAP)-Diluted\n Net loss (non-GAAP)\n(0.08)\n(0.09)\n(0.05)\n(0.01)\nLosses per ADS* attributable to BIT Mining Limited (non-GAAP)-Diluted\n Net loss (non-GAAP)\n(0.82)\n(0.87)\n(0.46)\n(0.07)\n* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.\n\n View original content:http://www.prnewswire.com/news-releases/bit-mining-limited-announces-unaudited-financial-results-for-the-first-quarter-ended-march-31-2021-301287511.html\nSOURCE BIT Mining Limited","news_type":1},"isVote":1,"tweetType":1,"viewCount":2154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":347213439,"gmtCreate":1618496405721,"gmtModify":1618496405721,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"区块链利好,我们也要紧跟脚步","listText":"区块链利好,我们也要紧跟脚步","text":"区块链利好,我们也要紧跟脚步","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347213439","repostId":"347651466","repostType":1,"isVote":1,"tweetType":1,"viewCount":1223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354493372,"gmtCreate":1617194090096,"gmtModify":1617194090096,"author":{"id":"3573539232166991","authorId":"3573539232166991","name":"琴声悠悠","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573539232166991","authorIdStr":"3573539232166991"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a>的这波操作[强] ,重回巅峰指日可待","listText":"<a href=\"https://laohu8.com/S/WBAI\">$500彩票网(WBAI)$</a><a href=\"https://laohu8.com/S/08198\">$乐透互娱(08198)$</a>的这波操作[强] ,重回巅峰指日可待","text":"$500彩票网(WBAI)$$乐透互娱(08198)$的这波操作[强] 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