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BIT Mining Announces February 2025 Production and Operations Updates

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BIT Mining (NYSE: BTCM) has released its February 2025 mining production report. The company produced 42.56 Bitcoin, with 36.854 BTC for hosted clients and 5.708 BTC self-mined. Additional production included 2,013,292.9 Dogecoin and 556.7 Litecoin.

Key operational metrics include:

  • Total exahash capacity: 2,588PH/s
  • Average days per self-mined BTC: 4.5 days
  • Cost per BTC mined: $60,960

The company is finalizing its Ethiopia data center acquisition, with phase one completed in late 2024 and full completion expected in the coming weeks.

BIT Mining (NYSE: BTCM) ha pubblicato il suo rapporto di produzione mineraria di febbraio 2025. L'azienda ha prodotto 42,56 Bitcoin, di cui 36,854 BTC per clienti ospitati e 5,708 BTC auto-minati. La produzione aggiuntiva includeva 2.013.292,9 Dogecoin e 556,7 Litecoin.

I principali indicatori operativi includono:

  • Capacità totale in exahash: 2.588PH/s
  • Giorni medi per BTC auto-minato: 4,5 giorni
  • Costo per BTC minato: $60.960

L'azienda sta finalizzando l'acquisizione del suo centro dati in Etiopia, con la fase uno completata alla fine del 2024 e il completamento totale previsto nelle prossime settimane.

BIT Mining (NYSE: BTCM) ha publicado su informe de producción minera de febrero de 2025. La empresa produjo 42,56 Bitcoin, con 36,854 BTC para clientes alojados y 5,708 BTC autoextraídos. La producción adicional incluyó 2.013.292,9 Dogecoin y 556,7 Litecoin.

Los principales indicadores operativos incluyen:

  • Capacidad total en exahash: 2.588PH/s
  • Días promedio por BTC autoextraído: 4,5 días
  • Costo por BTC extraído: $60,960

La empresa está finalizando la adquisición de su centro de datos en Etiopía, con la fase uno completada a finales de 2024 y la finalización total esperada en las próximas semanas.

BIT Mining (NYSE: BTCM)� 2025� 2� 채굴 생산 보고서를 발표했습니다. 회사� 42.56 비트코인� 생산했으�, � � 36.854 BTC� 호스� 클라이언트를 위한 것이� 5.708 BTC� 자가 채굴� 것입니다. 추가 생산량에� 2,013,292.9 도지코인556.7 라이트코�� 포함되었습니�.

주요 운영 지표는 다음� 같습니다:

  • � 엑사해시 용량: 2,588PH/s
  • 자가 채굴� BTC� 평균 일수: 4.5�
  • 채굴� BTC� 비용: $60,960

회사� 에티오피� 데이� 센터 인수� 마무� 중이�, 2024� 말에 1단계가 완료되었� 전체 완료� � � 내에 예상됩니�.

BIT Mining (NYSE: BTCM) a publié son rapport de production minière de février 2025. L'entreprise a produit 42,56 Bitcoin, dont 36,854 BTC pour des clients hébergés et 5,708 BTC auto-extraits. La production supplémentaire comprenait 2.013.292,9 Dogecoin et 556,7 Litecoin.

Les principaux indicateurs opérationnels comprennent:

  • Capacité totale en exahash: 2.588PH/s
  • Jours moyens par BTC auto-extrait: 4,5 jours
  • Coût par BTC extrait: 60.960 $

L'entreprise finalise l'acquisition de son centre de données en Éthiopie, la première phase ayant été achevée fin 2024 et l'achèvement complet attendu dans les semaines à venir.

BIT Mining (NYSE: BTCM) hat seinen Produktionsbericht für den Februar 2025 veröffentlicht. Das Unternehmen hat 42,56 Bitcoin produziert, davon 36,854 BTC für gehostete Kunden und 5,708 BTC selbst abgebaut. Die zusätzliche Produktion umfasste 2.013.292,9 Dogecoin und 556,7 Litecoin.

Wichtige Betriebskennzahlen umfassen:

  • Gesamte Exahash-Kapazität: 2.588PH/s
  • Durchschnittliche Tage pro selbst abgebautem BTC: 4,5 Tage
  • Kosten pro abgebautem BTC: $60.960

Das Unternehmen finalisiert den Erwerb seines Datenzentrums in Äthiopien, wobei die erste Phase Ende 2024 abgeschlossen wurde und die vollständige Fertigstellung in den kommenden Wochen erwartet wird.

Positive
  • Diversified mining operations across Bitcoin, Dogecoin, and Litecoin
  • Ethiopia data center expansion nearing completion
  • Substantial hosted mining revenue stream with 36.854 BTC
Negative
  • High Bitcoin mining cost at $60,960 per BTC
  • Low self-mining production at only 5.708 BTC
  • Long mining period of 4.5 days per Bitcoin

AKRON, Ohio, March 27, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company" or "BTCM"), 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:

  • In February, BIT Mining produced a total of 42.56Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined.
  • The Company also produced 2,013,292.9Dogecoin (DOGE) and 556.7 Litecoin (LTC).
  • Totalexahash capacity for February was 2,588PH/s.
  • Average days per self-minedBTC was 4.5 days.
  • Cost perBTC mined was $60,960.

CEO's Message:

Xianfeng Yang, CEO of BIT Mining, commented, "February was a productive month for BTCM, and by leveraging our proprietary mining machines, we're able to improve efficiency and reduce costs. Beyond Bitcoin, we continue to achieve profitability in mining Litecoin and Dogecoin, 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 Bitcoin operations."

Infrastructure Update:

Following the successful completion of phase one of the Ethiopia data center acquisition in late 2024, the Company is on track for full completion in the coming weeks. Once completed, the new site is expected to further enhance the Company's operational results.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency 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 cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

Forward-Looking Statements

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 "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Forward looking statements in this press release include, but are not limited to, statements on the future development of the cryptocurrency mining industry, particularly Litecoin and Dogecoin, and of the Company itself. Such statements are based upon management'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's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause BIT Mining'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 cryptocurrency mining industry. Further information regarding these and other risks, uncertainties or factors is included in the Company'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.

Media Contact

[email protected]

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SOURCE BIT Mining Limited

FAQ

How many Bitcoin did BTCM mine in February 2025?

BIT Mining (BTCM) produced 42.56 Bitcoin in total, with 36.854 BTC for hosted clients and 5.708 BTC self-mined.

What is BTCM's cost per Bitcoin mined in February 2025?

BIT Mining's cost per Bitcoin mined was $60,960 in February 2025.

What alternative cryptocurrencies does BTCM mine besides Bitcoin?

BTCM mines Dogecoin (2,013,292.9 DOGE) and Litecoin (556.7 LTC) in addition to Bitcoin.

What is the status of BTCM's Ethiopia data center acquisition?

Phase one was completed in late 2024, with full completion expected in the coming weeks.

What is BTCM's total mining hash rate capacity as of February 2025?

BIT Mining's total exahash capacity was 2,588PH/s in February 2025.
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