Showing 1 Result(s)

BIT Mining reports 40% dip in revenue during Q1 2022

BIT Mining reported a 40.4% dip in revenue from the previous three months, totaling $296.7 million. The publicly traded Chinese company also saw a net income of $1.2 million, compared to a net loss of $4.1 million for the fourth quarter of 2021, according to an earnings report released on Friday. As pointed out by the company, a majority of that revenue ($272.3 million) came from its mining pool business, which decreased by about 42.7% from the previous quarter. That …