BIT Mining’s Interim Financials Show Asset Dip

BIT Mining (BTCM) has released an update.

BIT Mining Limited, a cryptocurrency mining company, reported a decrease in total assets from $72,596,000 as of December 31, 2023, to $63,278,000 by June 30, 2024, according to their unaudited interim condensed consolidated balance sheets. During the same period, total liabilities decreased significantly from $47,464,000 to $17,395,000. The company’s revenue also saw a decline from $21,055,000 in the first half of 2023 to $19,359,000 in the first half of 2024.

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