Looks like $BTCM has totally transformed its share ownership structure at a base price of $5.00 per share with that $50 million private placement for 100M shares.
As I understand it the new structure will be approximately 243 million shares once all the warrants are exercised.
"... Under the terms of the private placement, the Company will issue 100,000,000 Class A ordinary shares, and warrants to purchase up to an additional 100,000,000 Class A ordinary shares to the Investors, at a purchase price of US$5.00 per ten Class A ordinary shares, with one warrant included in the price of each Class A ordinary share. ..."
https://finance.yahoo.com/news/bit-mining-announces-us-50-130200191.html
But they have saved their company by moving their mining operations outside of China, building new data centers outside of China and expanding non-China based infrastructure.
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Recent BTCM News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/04/2024 02:01:48 PM
- BIT Mining Limited Completes Sale of its Mining Pool Business • PR Newswire (US) • 03/04/2024 12:10:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 02:51:44 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 10:10:14 PM
- BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023 • PR Newswire (US) • 02/23/2024 09:35:00 PM
- BIT Mining Limited to Report Fourth Quarter and Full Year 2023 Financial Results on February 23, 2024 • PR Newswire (US) • 02/08/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/29/2023 01:55:28 PM
- BIT Mining Limited Agrees to Sell its Mining Pool Business • PR Newswire (US) • 12/29/2023 01:42:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/24/2023 11:09:47 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/17/2023 10:10:11 PM
- BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2023 • PR Newswire (US) • 11/17/2023 09:35:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 11/13/2023 11:07:37 AM
- BIT Mining Limited to Report Third Quarter 2023 Financial Results on November 17, 2023 • PR Newswire (US) • 11/10/2023 11:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 09/22/2023 05:34:54 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/18/2023 08:30:11 PM
- BIT Mining Limited Announces Unaudited Financial Results for the Second Quarter ended June 30, 2023 • PR Newswire (US) • 08/18/2023 08:05:00 PM
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