DailyNews
vip

According to news from PANews on June 1, the encryption mining company BIT Mining announced its unaudited financial results for the first quarter ended March 31, 2023. The revenue for the first quarter of 2023 was US$72.9 million, a quarter-on-quarter increase of 19.5%, but the year-on-year A drop of 75.4%. Operating costs and expenses for the first quarter were $78.9 million, with an operating loss of $6 million and a net loss attributable to BIT Mining of $4.9 million. BIT Mining mainly has four major business segments: self-mining, mining pool, data center operation and mining machine manufacturing. Among them, the revenue of the mining pool is 60 million US dollars, accounting for 82% of its total revenue. The company is pursuing its development strategy to focus on the global cryptocurrency mining business. also,


As of March 31, 2023, the total amount of cryptocurrency assets owned by the company is $18.4 million. The company mined $6.2 million in cryptocurrencies in the first quarter of 2023, most of which were litecoin (LTC) and dogecoin (DOGE).
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)