BIT Mining Limited, a New York Stock Exchange-listed mining company, saw their second-quarter revenue increase by $1.2 million from the first three months of the year, reaching a total of $74.1 million.
However, this is still a decrease of $121.4 million compared to the same period in 2022.
The company’s main business areas are independent mining, BTC.com’s mining pool, cryptocurrency mining equipment production, and data center services.
The majority of their second-quarter revenue of $65.9 million came from the mining pool.
The company suffered a loss due to a globally-impactful 39% decrease in revenue from the Ohio data center, which was caused by partner Viking Data Centers failure to pay the electricity bill, from April 24 to May 26.
The company has a hashrate on the Bitcoin network of ~50.9 PH/s, and has disabled some device models due to the market situation.
Despite this, they still managed to mine 22.6 BTC and nearly 30 million Dogecoin (DOGE) and 16,027 Litecoin (LTC), bringing in a revenue of $3.6 million.
