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An update from BIT Mining ( (BTCM) ) is now available.
BIT Mining Limited announced that it has regained compliance with the New York Stock Exchange’s (NYSE) quantitative continued listing standards. Previously, the company was found to be non-compliant due to its market capitalization and shareholders’ equity falling below the NYSE’s requirements. As of December 17, 2024, BIT Mining has met these standards, and the ‘.BC’ indicator for non-compliance will be removed. This development indicates a positive shift in the company’s financial standing, which will be monitored over a 12-month period to ensure sustained compliance.
More about BIT Mining
BIT Mining Limited is a prominent company in the cryptocurrency mining industry, engaged in operations such as cryptocurrency mining, data center operations, and mining machine manufacturing. The company is focused on creating long-term value within the cryptocurrency ecosystem, supported by cost-efficient data centers and self-mining operations using both self-developed and acquired mining machines. It also has strong capabilities in developing BTC, LTC/DOGE, and ETC miners.
YTD Price Performance: -32.54%
Average Trading Volume: 233,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $35.11M
For a thorough assessment of BTCM stock, go to TipRanks’ Stock Analysis page.
