BIT Mining Expands Cryptocurrency Mining Operations in Ethiopia

BIT Mining 扩大埃塞俄比亚的加密货币采矿业务

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

BIT Mining 是一家上市加密货币挖矿公司，已启动计划通过在埃塞俄比亚的收购来增强其挖矿能力。

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确认已完成其收购战略的第一阶段，包括在埃塞俄比亚购买数据中心和比特币（BTC）挖矿设备。

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.

最初的公告称，BIT Mining 有意收购价值高达 1420 万美元的数据中心和 BTC 矿机。该交易额外获得了 51 兆瓦的数据中心和 17,869 台比特币矿机。 BIT 表示：“第一阶段交易已经完成。”

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.

此次现金加股票交易包括 226.5 万美元现金和 369,031,800 股 A 类普通股，用于收购 35 兆瓦的加密货币挖矿数据中心。 BIT Mining还收购了17,869台比特币矿机。

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.

后续扩展阶段预计将于 2025 年 3 月或 4 月完成，包括收购剩余的数据中心。该交易预计将在 2025 年第一季度末或第二季度初投入运营的新数据中心中实现。成功执行后，该公司打算发行最多 45,278,600 股 BTCM 股票，为扩张提供资金。

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 还透露了其继续合并开采莱特币（LTC）和狗狗币（DOGE）的计划。这一决定源于公司近期通过自挖 LTC 和 DOGE 所获得的巨额利润。

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累计开采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 首席经济学家兼矿业副总裁杨有伟博士表示：“近期莱特币和狗狗币的上涨，部分受到埃隆·马斯克的影响力和不断变化的监管环境的推动……对矿业盈利能力产生了重大影响。”

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.

过去 30 天，LTC 和 DOGE 价格分别飙升 73% 和 117%。比特币突破 10 万美元，同期上涨 31%，去年上涨 126%。 BTCM 股票在过去一周也上涨了 29%。