BIT Mining (NYSE:BTCM) Limited (NYSE: BTCM) is a global digital asset mining company that specializes in the deployment and operation of cryptocurrency mining hardware. The company primarily focuses on the production of newly minted bitcoins and other proof-of-work digital currencies, leveraging high-performance ASIC mining machines. Through its vertically integrated model, BIT Mining oversees the procurement, installation and management of mining equipment, while also providing hosting and colocation services to third-party clients seeking access to its facilities.
Originally founded as a sports lottery operator in China, the company underwent a strategic transformation in recent years to capitalize on the expanding blockchain ecosystem. Following a series of acquisitions and restructuring steps, BIT Mining spun off its core crypto mining assets and formally changed its business focus, listing on the NYSE in 2021 under the ticker BTCM. This pivot reflects broader market trends and the company’s intent to become a leading player in digital asset production.
BIT Mining’s operations span multiple geographies, with data centers located in regions known for low-cost, sustainable energy. Key sites include Inner Mongolia and Sichuan Province in China, where abundant hydroelectric power supports large-scale mining farms, as well as emerging facilities in North America. The company continuously refines its power procurement strategies and infrastructure to optimize energy efficiency and reduce its environmental footprint, while maintaining high uptime and maximum hash rate performance.
The company is governed by an experienced executive team and board of directors with backgrounds in energy management, financial services and blockchain technology. Senior management oversees research and development initiatives aimed at improving mining hardware efficiency, as well as strategic partnerships that expand BIT Mining’s service offerings. Under this leadership, the company remains focused on scaling operations, enhancing technical capabilities and delivering long-term value to shareholders.
