BIT Mining (BTCM) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
BIT Mining is set to strengthen its position in the cryptocurrency sector with its acquisition of 51-megawatt data centers and nearly 18,000 Bitcoin mining machines in Ethiopia for $14.28 million. This strategic move, involving both cash and stock payments, aligns with the company’s focus on expanding its self-operated mining capabilities. The acquisition is expected to enhance BIT Mining’s profitability and market presence significantly.
For further insights into BTCM stock, check out TipRanks’ Stock Analysis page.
