Bit mining announces first closing of bee computing acquisition

Hong kong , may 31, 2022 /prnewswire/ -- bit mining limited (nyse: btcm) ("bit mining" or the "company"), a leading technology-driven cryptocurrency mining company, today announced it has successfully completed the first closing of its previously announced share exchange agreement dated april 5, 2021 (as amended and restated in april 2022, the "amended and restated share exchange agreement") entered into by the company and the shareholders (the "selling shareholders") of bee computing (hk) limited ("bee computing"). at the first closing of the amended and restated share exchange agreement, the company today issued 16,038,930 of its class a ordinary shares to the selling shareholders.
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