) has announced that it has entered a securities purchase agreement with institutional investors. Bit Mining operates crypto mining facilities, a mining pool, and mining rig manufacturing .
The company owns and operates Btc.com and mining services include bitcoin, litecoin, and ethereum mining. According to the prospectus, the latest offering for $9.3 million will close on or around August 18. “The purchase and sale of 15,566,665 of the company’s American Depositary Shares , Series A warrants to purchase up to an aggregate of 15,566,665 ADSs, and Series B warrants to purchase up to an aggregate of 15,566,665 ADSs, at a combined purchase price of US$0.60 per ADS and associated warrants, in a registered direct offering. Each ADS represents ten Class A ordinary shares, par value US$0.00005 per share, of Bit Mining,” the company detailed on Wednesday.
The $9.3 million in funding will be used to expand operations and invest in mining machines. The capital will also go towards improving “working capital position and [investing] in new business opportunities.” Bit Mining’s shares are down 97.72% from the all-time high recorded on March 7, 2014. Year-over-year data shows Bit Mining’s net income is down 123.18%. Last year, Bit Mining explained that it was investing $9 million into the
He had won 2 NBA championships rings🏆🏆 He had won the highest medal of Spanish basketball 🏀🏀 He has been proven to make a GEM 100x in last year💰💰
J-Corry | Canibus - Murderous Heat Vol. 25 FULL MIXTAPE via YouTube WU HAMMER🔥🔨WUTANG REALHIPHOP IN DJ HEAVY ROTATION🤜🏽🤛🏽 PRESS PLAY & SHARE💥J-Corry & Canibus - Murderous Heat Vol 25 FULL MIXTAPE shib $shib SHIBARMY
Whys nonee talkin about this
Huh Why is nobody talking about this
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: hackernoon - 🏆 532. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »