BIT Mining Limited Announces Results of Annual General Meeting

Core Viewpoint - BIT Mining Limited announced the results of its annual general meeting of shareholders, highlighting significant changes in its share capital structure [1]. Group 1: Shareholder Meeting Outcomes - The shareholders approved a resolution to increase the authorized share capital to US$440 million, which is divided into 8,399,935,000 Class A Ordinary Shares, 65,000 Class A Preference Shares, and 400,000,000 Class B Ordinary Shares [2]. Group 2: Company Overview - BIT Mining is a leading 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, supported by cost-efficient data centers that enhance profitability and steady cash flow [3]. - BIT Mining conducts self-mining operations, utilizing both self-developed and purchased mining machines to adapt to fluctuating cryptocurrency prices [3]. - The company possesses 7-nanometer BTC chips and has strong capabilities in developing LTC/DOGE miners and ETC miners [3].