Bit mining announces sale of shares of loto interactive limited

Hong kong , july 12, 2022 /prnewswire/ -- bit mining limited (nyse: btcm) ("bit mining" or the "company"), a leading technology-driven cryptocurrency mining company, today announced that the company entered into a share sale and purchase agreement (the "sale and purchase agreement") with an unaffiliated third party (the "buyer"), pursuant to which the company agreed to sell, and the buyer agreed to purchase approximately 51% of the total issued share capital of loto interactive limited ("loto interactive"), representing 279,673,200 shares of loto interactive at the price of hk$0.28 per share (the "sale price") for the total consideration of hk$78,308,496 (the "transaction"). after the transaction, the company's share ownership in loto interactive will decrease to 8.79%.
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