 HONGKONG, China, July 23, 2021 PRNewswire BIT Mining Limited NYSE: BTCM BIT Mining or the Company, a leading cryptocurrency mining enterprise, today announced its decision to eliminate its variable interest entity VIE structure and to dispose of its Chinese lottery related business for nil consideration. BIT Minings consolidated affiliated subsidiaries under the VIE structure the VIE subsidiaries, were primarily engaged in the Companys Chinese lottery related business, which contributed RMB2.7 million US0.4 million, or 13.6, of the Companys total revenue and net loss of RMB9.8 million US1.5 million for the three months ended March 31, 2021. 