BIT Mining Limited

BIT Mining Limited, also known by its brand BTC.com, is a cryptocurrency mining and blockchain services company. It owns and operates Bitcoin mining facilities that contribute hash power to the Bitcoin network. The company runs the BTC.com mining pool, which enables individual miners to combine their computational resources and receive proportional block rewards. Through the BTC.com platform, it provides a blockchain explorer that allows users to view transaction histories and network statistics. The same platform hosts a digital wallet service for storing, sending, and receiving Bitcoin and other supported cryptocurrencies. These offerings serve both retail participants seeking to engage in mining and institutional clients looking for reliable blockchain infrastructure.

BIT Mining Limited is headquartered in China and its shares are traded on the New York Stock Exchange under the ticker BTCM. The subsidiary BTC.com, which manages the mining pool and wallet services, experienced a cyberattack on December 3, 2022. The attack resulted in the loss of approximately $700,000 belonging to clients and $2.3 million owned by the company. Following the breach, law enforcement authorities in Shenzhen were notified and an investigation was launched. The company reported that partial recovery of the stolen assets was achieved through internal coordination and cooperation with authorities. In response, BIT Mining Limited deployed enhanced security measures across its systems while confirming that client fund operations remained unaffected and business continued normally.