Bit Mining raises $50M to take operations out of China

Cointelegraph

Published Jul 13, 2021 09:09PM ET

Updated Jul 13, 2021 10:40PM ET

Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market.

Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement.

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