BIT Mining (NYSE:BTCM) Limited, listed on the New York Stock Exchange under the ticker BTCM, is a Cayman Islands–registered blockchain technology company focused on the mining of digital assets. The company maintains self-operated mining farms as well as hosting services for third-party miners, leveraging locations in Sichuan Province, China, and Kazakhstan to capitalize on low-cost power resources. Its operations are supported by proprietary mining pools, including CryptoSTAGE, dedicated to optimizing hash-rate efficiency.
Bit Mining designs, manufactures and markets cryptocurrency mining machines, offering both high-performance hardware and comprehensive after-sales support. Beyond equipment sales, the company provides turnkey mining services covering machine installation, maintenance and hosting, allowing clients to outsource the technical and logistical complexities of digital currency mining. This integrated model enables Bit Mining to generate revenue from both product sales and ongoing service fees.
Founded in 2009 under the name 500.com International, the company initially focused on online lottery services before pivoting toward blockchain and digital asset mining in 2020. It completed its rebranding to Bit Mining Limited in April 2021 to underscore its commitment to the expanding cryptocurrency sector. Today, Bit Mining has broadened its global footprint, establishing partnerships and facilities in North America as part of its growth strategy aimed at diversifying geographic exposure.
Bit Mining’s executive team is led by CEO Aijun Zheng, whose leadership has steered the transition from online gaming services to a dedicated focus on blockchain infrastructure. Under his guidance, the company continues to explore strategic ventures that enhance its mining capacity, optimize energy consumption and expand its suite of blockchain-related offerings. Bit Mining remains positioned to capitalize on evolving demand for digital currencies and blockchain solutions worldwide.
