Bit mining announces closing of us$50.0 million private placement

Shenzhen, china, july 16, 2021 /prnewswire/ -- bit mining limited (nyse: btcm) ("bit mining" or the "company") today announced the closing of its previously announced private placement of 100,000,000 class a ordinary shares and warrants to purchase up to an additional 100,000,000 class a ordinary shares, at a purchase price of us$5.00 per ten class a ordinary shares, with one warrant included in the price of each class a ordinary share. the private placement resulted in gross proceeds to the company of $50.0 million before the deduction of placement agent fees and expenses and offering expenses payable by the company.
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