{"id":830639,"date":"2025-03-27T09:19:52","date_gmt":"2025-03-27T13:19:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/"},"modified":"2025-03-27T09:19:52","modified_gmt":"2025-03-27T13:19:52","slug":"bit-mining-announces-february-2025-production-and-operations-updates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/","title":{"rendered":"BIT Mining Announces February 2025 Production and Operations Updates"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">AKRON, Ohio<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 27, 2025<\/span><\/span> \/PRNewswire\/ &#8212; BIT Mining Limited (NYSE: BTCM) (&#8220;BIT Mining&#8221; or &#8220;the Company&#8221; or &#8220;BTCM&#8221;), a leading technology-driven <span>cryptocurrency<\/span> mining company, today reported its monthly mining production and other operational updates for the month of <span class=\"xn-chron\">February 2025<\/span>.<\/p>\n<p>\n        <b>Mining Production and Operations Updates<\/b><br \/>\n        <b>:<\/b>\u00a0<\/p>\n<ul type=\"disc\">\n<li>In February, BIT Mining produced a total of 42.56\u00a0<span>Bitcoin<\/span> (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined. \u00a0<\/li>\n<li>The Company also produced 2,013,292.9\u00a0<span>Dogecoin<\/span> (<span>DOGE<\/span>) and 556.7 <span>Litecoin<\/span> (LTC).<\/li>\n<li>Total\u00a0exahash capacity for February was 2,588PH\/s.<\/li>\n<li>Average days per self-mined\u00a0BTC was 4.5 days.<\/li>\n<li>Cost per\u00a0BTC mined was <span class=\"xn-money\">$60,960<\/span>.<\/li>\n<\/ul>\n<p>\n        <b>CEO&#8217;s Message: <\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Xianfeng Yang<\/span>, CEO of BIT Mining, commented, &#8220;February was a productive month for BTCM, and by leveraging our proprietary mining machines, we&#8217;re able to improve efficiency and reduce costs. Beyond <span>Bitcoin<\/span>, we continue to achieve profitability in mining <span>Litecoin<\/span> and <span>Dogecoin<\/span>, boosting our operational efficiency and diversifying our revenue streams. We are committed to maximizing shareholder value by maintaining our position at the forefront of the evolving digital asset mining landscape while continuing to scale our core <span>Bitcoin<\/span> operations.&#8221;<\/p>\n<p>\n        <b>Infrastructure Update:<\/b>\n      <\/p>\n<p>Following the successful completion of phase one of the <span class=\"xn-location\">Ethiopia<\/span> data center acquisition in late 2024, the Company is on track for full completion in the coming weeks. \u00a0Once completed, the new site is expected to further enhance the Company&#8217;s operational results.<\/p>\n<p>\n        <b>About BIT Mining<\/b>\n      <\/p>\n<p>BIT Mining (NYSE: BTCM) is a leading technology-driven <span>cryptocurrency<\/span> mining company with operations in <span>cryptocurrency<\/span> mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its <span>cryptocurrency<\/span> ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic <span>cryptocurrency<\/span> pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC\/<span>DOGE<\/span> miners and ETC miners.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;target,&#8221; &#8220;going forward,&#8221; &#8220;outlook&#8221; and similar statements. Forward looking statements in this press release include, but are not limited to, statements on the future development of the <span>cryptocurrency<\/span> mining industry, particularly <span>Litecoin<\/span> and <span>Dogecoin<\/span>, and of the Company itself. Such statements are based upon management&#8217;s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company&#8217;s control, which may cause the Company&#8217;s actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause BIT Mining&#8217;s actual results to differ materially from those indicated in the forward-looking statements include, but are not limited to, any adverse change in the business and financial performance of the Company or the landscape of the <span>cryptocurrency<\/span> mining industry. Further information regarding these and other risks, uncertainties or factors is included in the Company&#8217;s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.<\/p>\n<p>\n        <b>Media Contact<\/b>\n      <\/p>\n<p>\n        <a href=\"mailto:Bitmining@mgroupsc.com\" target=\"_blank\" rel=\"nofollow\">Bitmining@mgroupsc.com<\/a>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN51448&amp;sd=2025-03-27\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/bit-mining-announces-february-2025-production-and-operations-updates-302413210.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/bit-mining-announces-february-2025-production-and-operations-updates-302413210.html<\/a><\/p>\n<p>SOURCE  BIT Mining Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN51448&amp;Transmission_Id=202503270915PR_NEWS_USPR_____CN51448&amp;DateId=20250327\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire AKRON, Ohio , March 27, 2025 \/PRNewswire\/ &#8212; BIT Mining Limited (NYSE: BTCM) (&#8220;BIT Mining&#8221; or &#8220;the Company&#8221; or &#8220;BTCM&#8221;), a leading technology-driven cryptocurrency mining company, today reported its monthly mining production and other operational updates for the month of February 2025. Mining Production and Operations Updates :\u00a0 In February, BIT Mining produced a total of 42.56\u00a0Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined. \u00a0 The Company also produced 2,013,292.9\u00a0Dogecoin (DOGE) and 556.7 Litecoin (LTC). Total\u00a0exahash capacity for February was 2,588PH\/s. Average days per self-mined\u00a0BTC was 4.5 days. Cost per\u00a0BTC mined was $60,960. CEO&#8217;s Message: Xianfeng Yang, CEO of BIT Mining, commented, &#8220;February was a productive month for BTCM, and by leveraging our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BIT Mining Announces February 2025 Production and Operations Updates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830639","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BIT Mining Announces February 2025 Production and Operations Updates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BIT Mining Announces February 2025 Production and Operations Updates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire AKRON, Ohio , March 27, 2025 \/PRNewswire\/ &#8212; BIT Mining Limited (NYSE: BTCM) (&#8220;BIT Mining&#8221; or &#8220;the Company&#8221; or &#8220;BTCM&#8221;), a leading technology-driven cryptocurrency mining company, today reported its monthly mining production and other operational updates for the month of February 2025. Mining Production and Operations Updates :\u00a0 In February, BIT Mining produced a total of 42.56\u00a0Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined. \u00a0 The Company also produced 2,013,292.9\u00a0Dogecoin (DOGE) and 556.7 Litecoin (LTC). Total\u00a0exahash capacity for February was 2,588PH\/s. Average days per self-mined\u00a0BTC was 4.5 days. Cost per\u00a0BTC mined was $60,960. CEO&#8217;s Message: Xianfeng Yang, CEO of BIT Mining, commented, &#8220;February was a productive month for BTCM, and by leveraging our &hellip; Continue reading &quot;BIT Mining Announces February 2025 Production and Operations Updates&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T13:19:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN51448&amp;sd=2025-03-27\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-mining-announces-february-2025-production-and-operations-updates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-mining-announces-february-2025-production-and-operations-updates\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BIT Mining Announces February 2025 Production and Operations Updates\",\"datePublished\":\"2025-03-27T13:19:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-mining-announces-february-2025-production-and-operations-updates\\\/\"},\"wordCount\":596,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-mining-announces-february-2025-production-and-operations-updates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN51448&amp;sd=2025-03-27\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-mining-announces-february-2025-production-and-operations-updates\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-mining-announces-february-2025-production-and-operations-updates\\\/\",\"name\":\"BIT Mining Announces February 2025 Production and Operations Updates - 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Mining Production and Operations Updates :\u00a0 In February, BIT Mining produced a total of 42.56\u00a0Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined. \u00a0 The Company also produced 2,013,292.9\u00a0Dogecoin (DOGE) and 556.7 Litecoin (LTC). Total\u00a0exahash capacity for February was 2,588PH\/s. Average days per self-mined\u00a0BTC was 4.5 days. Cost per\u00a0BTC mined was $60,960. CEO&#8217;s Message: Xianfeng Yang, CEO of BIT Mining, commented, &#8220;February was a productive month for BTCM, and by leveraging our &hellip; Continue reading \"BIT Mining Announces February 2025 Production and Operations Updates\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-27T13:19:52+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN51448&amp;sd=2025-03-27","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BIT Mining Announces February 2025 Production and Operations Updates","datePublished":"2025-03-27T13:19:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/"},"wordCount":596,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN51448&amp;sd=2025-03-27","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-mining-announces-february-2025-production-and-operations-updates\/","name":"BIT Mining Announces February 2025 Production and Operations Updates - 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