Bit Mining Limited (BTCM) has released an update.
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BIT Mining Limited announced a delayed filing of its annual report for fiscal year 2023, citing ongoing discussions with the SEC and DOJ over potential resolutions involving significant monetary penalties related to alleged illegal activities. The company is currently assessing the financial impact of these penalties and will complete the annual report once the penalties are finalized and audited. The delay follows an internal investigation into illegal money transfers and previous convictions of government officials and a former company consultant.
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