Bit mining announces us$16 million registered direct offering

Hong kong , june 23, 2022 /prnewswire/ -- bit mining limited (nyse: btcm) ("bit mining" or the "company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 16,000,000 of the company's american depositary shares ("adss") (or pre-funded warrant to purchase certain adss ("ads equivalent") in lieu thereof), series a warrants to purchase up to an aggregate of 16,000,000 adss and series b warrants to purchase up to an aggregate of 16,000,000 adss, at a combined purchase price of us$1.00 per ads (or ads equivalent) and associated warrants, in a registered direct offering. each ads represents ten (10) class a ordinary shares, par value us$0.00005 per share, of bit mining.
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