AKRON,
Ohio, Dec. 18, 2024 /PRNewswire/ -- BIT
Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a
leading technology-driven cryptocurrency mining
company, today announced that it received a letter (the "Letter")
from the New York Stock Exchange (the "NYSE"), dated December 17, 2024, notifying the Company that it
has regained compliance with the NYSE's quantitative continued
listing standards.
On June 9, 2023, the Company was
notified by the NYSE that it was not in compliance with the NYSE's
minimum market capitalization and shareholders' equity requirement
(the "Market Cap and Equity Requirement") of Section 802.01B of the NYSE Listed Company Manual because
its average total market capitalization over a consecutive 30
trading-day period and last reported stockholders' equity were both
below $50 million. Pursuant to the
Letter from the NYSE, as a result of the Company's achievement of
compliance with the NYSE's Market Cap and Equity Requirement as of
December 17, 2024, the Company is
considered as back in compliance with the NYSE's quantitative
continued listing standards and the below compliance (".BC")
indicator will no longer be transmitted beginning with the opening
of trading on December 18, 2024.
Additionally, the Company will no longer be noted as being below
continued listing standards on the NYSE's website (www.nyse.com).
In accordance with the NYSE's Listed Company Manual, the Company
will be subject to a 12-month follow-up period within which the
Company will be reviewed to ensure that the Company does not once
again fall below any of the NYSE's continued listing standards.
About BIT Mining
BIT Mining (NYSE: BTCM) is a leading technology-driven
cryptocurrency mining company with operations in
cryptocurrency mining, data center operation and
mining machine manufacturing. The Company is strategically creating
long-term value across the industry with its
cryptocurrency ecosystem. Anchored by its
cost-efficient data centers that strengthen its profitability with
steady cash flow, the Company also conducts self-mining operations
that enhance its marketplace resilience by leveraging
self-developed and purchased mining machines to seamlessly adapt to
dynamic cryptocurrency pricing. The Company also owns
7-nanometer BTC chips and has strong capabilities in the
development of LTC/DOGE miners and ETC miners.
For more information:
BIT Mining Limited
ir@btcm.group
Ir.btcm.group
www.btcm.group
Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
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SOURCE BIT Mining Limited