Financial Performance - Revenues for the fourth quarter of 2023 were US$10.4 million, an increase of 44.4% from US$7.2 million in Q4 2022, but a decrease of 10.3% from US$11.6 million in Q3 2023[2][12] - Full year 2023 revenues were US$43.1 million, down from US$57.0 million in 2022[5] - Total revenues for the year ended December 31, 2023, were $43,101 thousand, a decrease of 24.4% compared to $57,025 thousand for the year ended December 31, 2022[34] Losses and Adjustments - Operating loss for Q4 2023 was US$1.6 million, a significant decrease of US$36.7 million from US$38.3 million in Q4 2022, and a decrease of US$2.5 million from US$4.1 million in Q3 2023[3][19] - Net loss attributable to BIT Mining for Q4 2023 was US$0.8 million, compared to a net loss of US$40.0 million in Q4 2022 and US$4.7 million in Q3 2023[3][21] - The net loss attributable to BIT Mining Limited for the year ended December 31, 2023, was $14,428 thousand, compared to a net loss of $158,427 thousand for the year ended December 31, 2022, representing an improvement of 91.1%[34] - The company reported a comprehensive loss of $14,724 thousand for the year ended December 31, 2023, compared to a comprehensive loss of $160,162 thousand for the year ended December 31, 2022, showing a significant reduction of 90.8%[34] - BIT Mining Limited reported a net loss attributable to the company of $14.428 million for the twelve months ended December 31, 2023, compared to a net loss of $155.415 million for the previous year, indicating a significant reduction in losses[37] - The adjusted operating loss from continuing operations for the three months ended September 30, 2023, was $4.133 million, down from $15.707 million in the same period of the previous year[37] - Losses per American Depositary Share (ADS) attributable to BIT Mining Limited were $(0.10) for the twelve months ended December 31, 2023, compared to $(0.18) for the previous year[35] - The company reported a diluted adjusted net loss from continuing operations of $(0.01) for the three months ended September 30, 2023, compared to $(0.03) in the same period of the previous year[38] - The net loss from discontinued operations for the twelve months ended December 31, 2023, was $3.365 million, compared to a net loss of $80.593 million for the previous year[37] - The adjusted net loss (non-GAAP) for the twelve months ended December 31, 2023, was $(13.288) million, compared to $(32.051) million for the previous year[38] Assets and Liabilities - As of December 31, 2023, BIT Mining had cash and cash equivalents of US$3.6 million, down from US$5.4 million a year earlier[23] - Total current assets increased to $40,512 thousand as of December 31, 2023, from $35,336 thousand as of December 31, 2022, reflecting a growth of 14.7%[30] - Current liabilities rose to $36,178 thousand as of December 31, 2023, compared to $30,839 thousand as of December 31, 2022, indicating an increase of 17.3%[30] - The total assets decreased to $77,951 thousand as of December 31, 2023, down from $86,804 thousand as of December 31, 2022, a decline of 10.2%[32] - The company’s total shareholders' equity decreased to $39,434 thousand as of December 31, 2023, down from $53,128 thousand as of December 31, 2022, a decrease of 25.7%[31] - The company’s accumulated deficit increased to $556,597 thousand as of December 31, 2023, from $542,169 thousand as of December 31, 2022, reflecting a rise of 2.9%[31] Cryptocurrency Operations - The total hash rate capacity for DOGE/LTC mining machines was approximately 24,766.0 GH/s, producing 38.3 million DOGE and 10,615 LTC in Q4 2023[10] - The data center business generated US$5.7 million in service fee revenue during Q4 2023, a decrease of US$0.7 million from Q3 2023[11] - The company recognized a net gain on disposal of cryptocurrency assets of US$1.5 million in Q4 2023, a decrease from US$3.7 million in Q4 2022[16] - BIT Mining's cryptocurrency assets totaled US$7.6 million as of December 31, 2023, including 22.6 BTC and 12.2 million DOGE[24]

AKRON, Ohio, Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023. On December 28, 2023, the Company entered into an agreement with Esport – Win Limited, a Hong Kong limited liability company, to sell its entire mining pool business for a total consideration of US$5 million. The sale does ...

AKRON, Ohio, Feb. 8, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023, after the U.S. market close on Friday, February 23, 2024. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations ...

Table of Contents Exhibit 99.1 UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS BIT MINING LIMITED As of December 31, 2022 and June 30, 2023 and for the six months ended June 30, 2022 and 2023 Table of Contents BIT MINING LIMITED CONTENTS Pages INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2022 AND JUNE 30, 2023 - UNAUDITED 1 – 2 INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE SIX MONTHS E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration statement pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934 or ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ or ☐ Shell company ...

Exhibit 99.1 BIT Mining Limited Announces Changes to Board of Directors AKRON, Ohio, April 14, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the resignation of Ms. Angel Yan Ki Wong from the Company's Board of Directors (the "Board") due to personal reasons, effective April 17, 2023. Ms. Wong has confirmed that she has no disagreement with the Board and there is no o ...