Bit mining announces us$50 million private placement

Shenzhen, china, july 12, 2021 /prnewswire/ -- bit mining limited (nyse: btcm) ("bit mining" or the "company"), today announced that it has entered into securities purchase agreements with certain institutional and accredited investors ("the investors") to raise us$50 million in a private placement. under the terms of the private placement, the company will issue 100,000,000 class a ordinary shares, and warrants to purchase up to an additional 100,000,000 class a ordinary shares to the investors, 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.
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