Express

BIT Mining Suspends Mining Farms In China, Delivered 320 Bitcoin Mining Machines To Kazakhstan

Mary Liu

Summary: BIT Mining (formerly 500.com, NYSE: BTCM) announced that it has successfully shipped its first batch of 320 Bitcoin mining machines to Kazakhstan. The second and third batches total 2,600 mining machines, expected to arrive on July 1.  Hit by China's regulatory policies, the company has suspended its mining farm in Sichuan Province, China from June ...

BIT Mining (formerly 500.com, NYSE: BTCM) announced that it has successfully shipped its first batch of 320 Bitcoin mining machines to Kazakhstan. The second and third batches total 2,600 mining machines, expected to arrive on July 1. 

Hit by China's regulatory policies, the company has suspended its mining farm in Sichuan Province, China from June 19, and expects to ship its remaining mining machines overseas in the next few quarters.

By Mary Liu

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago
  • You need to login to comment.