 SHENZHEN, China, July 12, 2021 PRNewswire -- BIT Mining Limited NYSE: BTCM BIT Mining or the Company, today announced that it has entered into securities purchase agreements with certain institutional and accredited investors the Investors to raise US50 million in a private placement. Under the terms of the private placement, the Company will issue 100,000,000 Class A ordinary shares, and warrants to purchase up to an additional 100,000,000 Class A ordinary shares to the Investors, at a purchase price of US5.00 per ten Class A ordinary shares, with one warrant included in the price of each Class A ordinary share. 