🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
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BIT Mining's revenue in the first half of the year fell by 43.3% to 11 million USD, holding encryption assets of 3.6 million USD.
Techub News reports that the crypto infrastructure company BIT Mining announced its unaudited financial performance for the six months ending June 30, 2025, with a revenue of USD 11 million, primarily consisting of USD 4.6 million from self-mining operations and USD 6.4 million from data center operations, a decrease of 43.3%. The decline is attributed to increased Computing Power and falling crypto prices, as well as reduced hosting fees to retain some data center clients. Operating costs and expenses amounted to USD 24.5 million, an increase of 12.4%, mainly due to rising unit electricity prices. For the six months ending June 30, 2025, the fair value change of crypto assets was negative USD 2.3 million. The company held a cumulative total of USD 3.6 million in crypto assets, including 7.3 Bitcoins, 808 Ethers, 1.8 million DOGE, 300,000 USDT, and various other Crypto Assets, primarily sourced from the company's crypto mining operations.