BIT Mining Announces February 2025 Production and Operations Updates

Core Insights - BIT Mining Limited reported a productive February 2025, enhancing operational efficiency and reducing costs through proprietary mining machines [3] - The company achieved profitability in mining Litecoin and Dogecoin, diversifying revenue streams beyond Bitcoin [3] - The completion of the Ethiopia data center acquisition is expected to further improve operational results [4] Mining Production and Operations Updates - In February, BIT Mining produced a total of 42.56 Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined [8] - The company also produced 2,013,292.9 Dogecoin (DOGE) and 556.7 Litecoin (LTC) [8] - The total exahash capacity for February was 2,588 PH/s, with an average of 4.5 days per self-mined BTC and a cost of $60,960 per BTC mined [8] Company Overview - BIT Mining is a technology-driven cryptocurrency mining company involved in cryptocurrency mining, data center operations, and mining machine manufacturing [5] - The company focuses on creating long-term value across the industry with a cost-efficient data center strategy that enhances profitability and cash flow [5] - BIT Mining leverages self-developed and purchased mining machines to adapt to dynamic cryptocurrency pricing, owning 7-nanometer BTC chips and having strong capabilities in developing LTC/DOGE miners [5]