BIT Mining Q3 financial report: revenue of US$77 million, total crypto assets of US$15.3 million
BIT Mining (NYSE stock code: BTCM) has released its unaudited financial results for the third quarter ending September 30, 2023. The company's Q3 revenue was $77 million, a significant decrease of $20 million from Q3 2022, but an increase of $2.9 million from Q2 2023. The company had a cryptocurrency asset impairment of $1.2 million and a net gain of $1.8 million from the sale of cryptocurrency assets in Q3 2023.
As of September 30, 2023, the company's total cryptocurrency assets amounted to $15.3 million, equivalent to 254 BTC, 77.3 million DOGE, 15,974 LTC, and various other cryptocurrency assets, including those from its mining pool and cryptocurrency mining business.
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