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Breaking News: Bit Mining Limited Meets NYSE Listing Standards Once Again!

Breaking News: Bit Mining Limited Meets NYSE Listing Standards Once Again!

AKRON, Ohio , Dec. 18, 2024 /PRNewswire/

BIT Mining Limited (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, has announced that it has received a letter from the New York Stock Exchange (NYSE) on December 17, 2024. The letter notified the Company that it has regained compliance with the NYSE’s quantitative continued listing standards.

On June 9, 2023, BIT Mining Limited was informed by the NYSE that it was not in compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirement. The Company’s average total market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million, as per the Market Cap and Equity Requirement of Section 802.01B of the NYSE Listed Company Manual.

How This News Will Affect You:

As an investor in BIT Mining Limited, this news signifies that the Company has once again met the NYSE listing standards. This compliance can potentially boost investor confidence in the company’s performance and growth prospects. It may also lead to increased trading of the company’s stock on the NYSE, impacting your investment portfolio.

How This News Will Affect The World:

The revival of BIT Mining Limited’s compliance with NYSE listing standards can have broader implications for the cryptocurrency mining industry. It may signal a positive outlook for similar companies operating in this sector, encouraging innovation and investment in technology-driven mining ventures. Additionally, the Company’s adherence to regulatory standards can contribute to strengthening the overall credibility and legitimacy of the cryptocurrency market on a global scale.

Conclusion:

BIT Mining Limited’s recent achievement of meeting the NYSE listing standards once again is a significant development for the company, its investors, and the cryptocurrency industry as a whole. By regaining compliance with the NYSE’s quantitative continued listing standards, BIT Mining has demonstrated its commitment to transparency, accountability, and sustainable growth. This news marks a positive milestone in the company’s journey and sets a precedent for other cryptocurrency mining companies to prioritize regulatory compliance and market credibility.

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