BIT Mining Expands Cryptocurrency Mining Operations in Ethiopia

BIT Mining 擴大埃塞俄比亞的加密貨幣採礦業務

BIT Mining, a publicly traded cryptocurrency mining company, has initiated plans to enhance its mining capabilities through acquisitions in Ethiopia.

BIT Mining 是一家上市加密貨幣挖礦公司，已啟動計劃透過在衣索比亞的收購來增強其挖礦能力。

On December 9, BIT Mining confirmed the completion of the first phase of its acquisition strategy, involving the purchase of data centers and Bitcoin (BTC) mining equipment in Ethiopia.

12月9日，BIT Mining確認已完成其收購策略的第一階段，包括在衣索比亞購買資料中心和比特幣（BTC）挖礦設備。

The initial announcement stated BIT Mining's intention to acquire data centers and BTC mining machines worth up to $14.2 million. The transaction secured an additional 51 megawatts of data centers and 17,869 Bitcoin mining machines. "The first phase of the deal is done," BIT stated.

最初的公告稱，BIT Mining 有意收購價值高達 1,420 萬美元的資料中心和 BTC 礦機。該交易額外獲得了 51 兆瓦的數據中心和 17,869 台比特幣礦機。 BIT 表示：“第一階段交易已經完成。”

The cash-and-stock transaction included $2.265 million in cash and 369,031,800 Class A ordinary shares to acquire a 35 MW cryptocurrency mining data center. BIT Mining also acquired 17,869 Bitcoin mining machines.

此次現金加股票交易包括 226.5 萬美元現金和 369,031,800 股 A 類普通股，用於收購 35 兆瓦的加密貨幣挖礦資料中心。 BIT Mining也收購了17,869台比特幣礦機。

The finalization of the subsequent phases of expansion is projected for March or April 2025, encompassing the acquisition of the remaining data centers. The deal expects to materialize with the new data centers operational by late Q1 or early Q2 2025. Upon successful execution, the company intends to issue up to 45,278,600 BTCM shares to finance the expansion.

後續擴展階段預計將於 2025 年 3 月或 4 月完成，包括收購剩餘的資料中心。該交易預計將在 2025 年第一季末或第二季初投入營運的新數據中心中實現。

In addition, BIT Mining revealed its continued plans to merge-mine Litecoin (LTC) and Dogecoin (DOGE). This decision stems from significant profits generated by the company through self-mining LTC and DOGE in recent times.

此外，BIT Mining 還透露了其繼續合併開採萊特幣（LTC）和狗狗幣（DOGE）的計劃。這項決定源自於公司近期透過自挖 LTC 和 DOGE 所獲得的巨額利潤。

As of November 27, 2024, BIT had mined a total of 84,485.42 LTC and 227,908,250.38 DOGE.

截至2024年11月27日，BIT累計開採LTC 84,485.42枚，DOGE 227,908,250.38枚。

"The recent rally in Litecoin and Dogecoin, fueled in part by Elon Musk's influence and the changing regulatory landscape...has had a major impact on mining profitability," said Dr. Youwei Yang, BIT Mining's chief economist and vice president of mining.

BIT Mining 首席經濟學家兼礦業副總裁楊有偉博士表示：「近期萊特幣和狗狗幣的上漲，部分受到埃隆·馬斯克的影響力和不斷變化的監管環境的推動…對礦業盈利能力產生了重大影響。

LTC and DOGE prices have surged by 73% and 117%, respectively, over the past 30 days. Bitcoin, surpassing $100,000, has gained 31% during the same period and 126% over the past year. BTCM stock has also exhibited a 29% increase in the past week.

過去 30 天，LTC 和 DOGE 價格分別飆升 73% 和 117%。比特幣突破 10 萬美元，同期上漲 31%，去年上漲 126%。 BTCM 股票在過去一周也上漲了 29%。