BIT Mining
About
BIT Mining is a cryptocurrency mining enterprise that acquires cryptocurrency mining machines to mine for both Bitcoin and Ethereum.
- Hong Kong,Hong Kong Island,Hong Kong
- 251 - 500
- https://www.btcm.group/
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- $9.30M
- Industries
- Bitcoin,Cryptocurrency,Enterprise Software,Ethereum,Gambling
- Founded date
- Oct 1, 2001
- Number Of Employee
- 251 - 500
- Operating Status
- Active
- Stock Symbol
- nyse:BTCM
- Legal Name
- BIT Mining Limited
- Also Known As
- 500彩票,500wan.com,500.com Ltd,比特矿业
BIT Mining is a cryptocurrency mining enterprise that acquires cryptocurrency mining machines to mine for both Bitcoin and Ethereum.The company was originally an online sports lottery service provider that aggregates and processes lottery purchase orders. It derives nearly all of its revenue from service fees paid by local sports lottery administration centers for the purchase orders of sports lottery products directed to such centers.BIT Mining Limited was founded in October 2001 in Shenzhen as 500wan.com Ltd., with a registered capital of RMB 50 million. The company secured venture capital investments of several million U.S. dollars from IDG Capital Partners, Sequoia Capital, and SIG Capital in September 2007. It changed its name to 500.com in October 2013 and went public on the New York Stock Exchange (NYSE) under the symbol WBAI on November 22, 2013.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 16, 2022 | Post-IPO Equity | $9.30M | — | — | — | Detail |
| Jun 23, 2022 | Post-IPO Equity | $16M | — | — | — | Detail |
| Jul 12, 2021 | Post-IPO Equity | $50M | — | — | — | Detail |
| Nov 25, 2013 | IPO | — | — | — | — | Detail |
| Oct 21, 2013 | Convertable Note | $20M | 1 |
Sequoia Capital China
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Sequoia Capital China
|
Yes | Convertable Note |
IDG Capital
|
— | Series A |
Employee Profiles
Exits
BIT Mining has had 1 exits. BIT Mining most notable exits include Loto Interactive
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| May 24, 2002 | Loto Interactive | IPO | Information Technology | Detail |
Acquisition
BIT Mining has acquired 3 organizations. Their most recent acquisition was Tong Tong Pay on Dec 24, 2015. They acquired Tong Tong Pay for $5.08M.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Dec 24, 2015
|
Finance | — | $ 5.08M | Detail |
|
Feb 16, 2021
BTC.com
|
Bitcoin | acquisition | — | Detail |
|
Apr 5, 2021
Bee Computing
|
Bitcoin | acquisition | $ 100M | Detail |
