BIT Mining Ltd. Completes Second Phase of Acquisition for Cryptomining Data Centers in Ethiopia

Reuters

2025/07/14

BIT Mining Ltd. Completes Second Phase of Acquisition for Cryptomining Data Centers in Ethiopia

BIT Mining Limited $(BTCM)$, a leading technology-driven cryptocurrency asset company, has announced the completion of the second phase of its acquisition of cryptomining data centers and Bitcoin mining machines in Ethiopia. Initially agreed upon on December 3, 2024, the second phase was finalized with the issuance of an additional 45,278,600 Class A ordinary shares, securing the remaining data centers and deploying corresponding Bitcoin mining machines. As a result, the total power capacity of these data centers now amounts to 51 megawatts. CEO Xianfeng Yang noted that while the company continues advancing its cryptomining operations, it is also shifting focus towards exploring opportunities within the Solana ecosystem to align with emerging trends and drive long-term growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BIT Mining Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN29373) on July 14, 2025, and is solely responsible for the information contained therein.

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Completes Second Phase of Acquisition for Cryptomining Data Centers in Ethiopia\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-14 18:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      BIT Mining Ltd. 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ID: CN29373) on July 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密貨幣概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250714:nNDL8DpbmD:1","article_id":"2551114907","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551114907","pubTimestamp":1752489040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BIT Mining Limited , a leading technology-driven cryptocurrency asset company, has announced the completion of the second phase of its acquisition of cryptomining data centers and Bitcoin mining machines in Ethiopia. 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