Bit Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate value of $12.015 million. This acquisition aligns with Bit Mining’s strategy of focusing on self-operated mining and data center operations. The transaction will be completed in two phases, with the first phase expected to close in the coming days.
Bit Mining Acquires Ethiopian Data Centers and Mining Machines
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