Bit Mining – DIGIT INFO

Bitcoin ASIC maker Bitmain expands production line into US

DIGIT — Tue, 10 Dec 2024 00:19:26 +0000

It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks.

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BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin

DIGIT — Thu, 05 Dec 2024 05:32:36 +0000

BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

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SEC and DOJ Strike Crypto Firm With Millions in Penalties Over Corruption

DIGIT — Wed, 20 Nov 2024 04:30:23 +0000

A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultimately failed. A Mining Empire’s Downfall: Bribery Scandal Leads to Global Fallout The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) have taken major actions against […]

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BIT Mining to pay $10M fine for bribing Japanese politicians in former life

DIGIT — Tue, 19 Nov 2024 00:40:11 +0000

BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019.

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Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

DIGIT — Tue, 27 Dec 2022 15:00:32 +0000

A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch Investigation Into Crypto Mining Pool Hack […]

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Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC

DIGIT — Tue, 30 Aug 2022 18:30:02 +0000

Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, […]

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Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors

DIGIT — Wed, 17 Aug 2022 14:00:25 +0000

Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital for Expansion, Mining Rigs, and Improving the Firm’s […]

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Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

DIGIT — Thu, 29 Jul 2021 14:00:18 +0000

Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan […]

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BIT Mining steps up Bitcoin mining operations in Kazakhstan

DIGIT — Wed, 28 Jul 2021 19:15:00 +0000

The mining firm’s expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022.

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Bit Mining raises $50M to take operations out of China

DIGIT — Wed, 14 Jul 2021 01:09:54 +0000

Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining.

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