BIT Mining Closes Sale of Shares of Loto Interactive for HKD 78.3m.
MANews-(C)2009-2022
Hong Kong-based cryptocurrency mining company BIT Mining Ltd. (NYSE: BTCM) has completed its sale of 279,673,200 shares of Hong Kong investment holding company Loto Interactive Ltd. at the price of HK D 0.28 per share for a total consideration of HKD 78,308,496 (USD 99.76m) in cash.
Upon completion of the transaction, the company's ownership of Loto Interactive decreased to 8.79%. The Transaction was previously announced on July 12, 2022.
BIT Mining (NYSE: BTCM) is a technology-driven cryptocurrency mining company. Its business covers cryptocurrency mining, mining pool, and data center operation.
The company owns blockchain browser BTC.com...
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