 SHENZHEN, China, July 16, 2021 PRNewswire -- BIT Mining Limited NYSE: BTCM BIT Mining or the Company today announced the closing of its previously announced private placement of 100,000,000 Class A ordinary shares and warrants to purchase up to an additional 100,000,000 Class A ordinary shares, 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. The private placement resulted in gross proceeds to the Company of 50.0 million before the deduction of placement agent fees and expenses and offering expenses payable by the Company. 