Brief: Bit Mining Limited Announces Unaudited Financial Q1 Results

SOLAI

30/05/2023 21:23

May 30 (Reuters) - BIT Mining Ltd  50C0y.F :
    * BIT MINING LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS
FOR THE
FIRST QUARTER ENDED MARCH 31, 2023
    * BIT MINING LTD - DUE TO CONTINUED DECLINES IN
CRYPTOCURRENCY
MARKETS SINCE H2 OF 2022, SUSPENDED OPERATION OF CERTAIN TYPES
OF BTC MINING MACHINES
    * BIT MINING LTD - AS OF TODAY, TOTAL HASH RATE CAPACITY OF
ONLINE
DOGE/LTC MINING MACHINES IS ABOUT 31,327 GH/S
    * BIT MINING LTD - FOR THREE MONTHS ENDED MARCH 31, 2023,
PRODUCED
99 BTC FROM BTC CRYPTOCURRENCY MINING OPERATIONS
    * BIT MINING LTD - FROM APRIL 24, 2023 TO MAY 26, 2023, OHIO
MINING SITE EXPERIENCED A CONTINUOUS POWER OUTAGE
    * BIT MINING - OUTAGE FROM APRIL 24 TO APRIL 28 CAUSED BY
UTILITY
CO TEMPORARILY SUSPENDING ELECTRICITY SUPPLY TO OHIO SITE FOR
MAINTENANCE PURPOSES
    * BIT MINING LTD - OUTAGE WAS CAUSED BY FAILURE BY PARTNER,
VIKING
DATA CENTERS LLC TO TIMELY SETTLE CHARGES WITH UTILITY COMPANY
    * BIT MINING LTD- HAVE ASKED VDC TO COMPENSATE FOR LOSSES WE
INCURRED DUE TO EXTENDED POWER OUTAGE AT OHIO MINING SITE
    * BIT MINING LTD - REVENUES WERE US$72.9 MILLION FOR Q1,
DOWN
75.4%
    * BIT MINING LTD - LOSSES PER ADS FOR Q1 WERE US$0.46
    * BIT MINING LTD - ADJUSTED LOSSES PER ADS FOR Q1 WERE
US$0.39

Source text for Eikon:  ID:nPnQ9hb7a 
Further company coverage:  50C0y.F 

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