![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
On Friday, Bit Mining Limited declared it had sold the mining pool operations of Btc.com to a Hong Kong limited liability company for $5 million. This transaction is anticipated to bolster the total equity of Bit Mining’s shareholders, contingent upon certain concluding conditions.
BTCM Offloads Btc.com Mining Pool for $5 Million
Bit Mining (NYSE: BTCM) has revealed that it divested its mining pool division related to Btc.com for a sum of $5 million. The sale was made to Esport-Win Limited, a firm based in Hong Kong. The company, listed on the NYSE and engaged in mining and blockchain infrastructure, reported that while the pool had generated $593.2 million in yearly revenue, it incurred a net operating loss of $2.6 million over the full year.
BTCM expressed anticipation that the divestiture would lead to heightened profitability and a more robust cash standing. Originally known as 500.com Ltd and operating as a sports lottery firm, BTCM shifted focus towards bitcoin mining in 2021, acquiring Btc.com from Bitmain. BTCM’s chief, Xianfeng Yang, is optimistic that the disposal will augment the firm’s prevailing operations.
“By selling the loss-making mining pool business, we will be more resilient with our core resources focused on advancing the research and development of our existing businesses,” Yang said. “Meanwhile, the cash proceeds from the transaction and our company’s enhanced profitability outlook will further strengthen our position to explore new areas with greater potential and room for future expansion.”
When initially acquired, Btc.com’s pool was a significant player in the bitcoin mining industry, commanding over 10% of the total hashrate at the time and ranking among the top five globally. However, as of Dec. 30, 2023, its hashrate share has dwindled to just 1% of the network’s hashrate, positioning it as the 15th largest mining pool. While BTCM sold the Btc.com pool venture, it did not sell the internet domain btc.com or blockchain explorer services.
What do you think about BTCM selling Btc.com’s mining operations? Share your thoughts and opinions about this subject in the comments section below.
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
Maximize Water Efficiency with Bwer Pipes’ Irrigation Solutions: At Bwer Pipes, we understand the importance of water conservation in Iraqi agriculture. That’s why our irrigation systems minimize water wastage while delivering precise hydration to your crops. Experience the difference with Bwer Pipes. Visit Bwer Pipes
where buy clomid without prescription cost of clomiphene pill clomiphene uses clomid tablets uses in urdu buying clomiphene tablets how to buy generic clomiphene pill cost of clomid for men
Good blog you be undergoing here.. It’s obdurate to on elevated status article like yours these days. I truly comprehend individuals like you! Withstand guardianship!!
The thoroughness in this piece is noteworthy.
order zithromax 500mg for sale – order floxin 400mg for sale flagyl 400mg drug
buy semaglutide no prescription – purchase periactin pills oral periactin
motilium online buy – order flexeril 15mg for sale buy flexeril 15mg generic
order inderal without prescription – methotrexate where to buy methotrexate 2.5mg tablet
cheap amoxicillin sale – order valsartan generic ipratropium over the counter