BIT Mining releases 2021 Q4 results, revenue soars to $495.8 million

time:02-18 00:00 source:Internet

BIT Mining Limited, a technology-driven cryptocurrency mining company, today announced its unaudited financial results for the fourth quarter and full year of 2021. The financial report shows that revenue in the fourth quarter was US$495.8 million, and operating income for the full year of 2021 was approximately US$1.3269 billion. The theoretical computing power of the Ethereum mining machine held by the company is 4,800GH/s. In the fourth quarter of 2021, the company mined approximately 3,957 ETH and recognized revenue of approximately $16.5 million. As of the press date, the company has accumulated approximately 7,649 ETH. The theoretical computing power of the Bitcoin mining machines held by the company is 825.4 PH/s. In the fourth quarter of 2021, the company mined about 102 bitcoins and recognized revenue of about $5.6 million. As of the press date, the company has accumulated about 488 bitcoins.

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