BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

Core Viewpoint - BIT Mining Limited has regained compliance with the NYSE's quantitative continued listing standards as of December 17, 2024, following a previous notification of non-compliance due to market capitalization and shareholders' equity issues [1][2]. Group 1: Compliance Status - On June 9, 2023, BIT Mining was notified by the NYSE of non-compliance with the minimum market capitalization and shareholders' equity requirement, as both metrics were below $50 million [2]. - The NYSE's letter confirmed that BIT Mining has achieved compliance with the Market Cap and Equity Requirement, and the ".BC" indicator will no longer be transmitted starting December 18, 2024 [2]. - BIT Mining will undergo a 12-month follow-up period to ensure continued compliance with NYSE listing standards [2]. Group 2: Company Overview - BIT Mining is a technology-driven cryptocurrency mining company involved in cryptocurrency mining, data center operations, and mining machine manufacturing [3]. - The company aims to create long-term value within the cryptocurrency ecosystem through cost-efficient data centers and self-mining operations [3]. - BIT Mining possesses 7-nanometer BTC chips and has strong capabilities in developing LTC/DOGE miners and ETC miners [3].