BIT Mining’s Q4 Revenue to Fall Due to Its Mining Pool Exiting China

BIT Mining’s Q4 Revenue to Fall Due to Its Mining Pool Exiting China
The Hong Kong-based crypto miner, BIT Mining (BTCM), said fourth-quarter revenue will fall 10%-20% decline as its mining pool business, BTC.COM, completely exited the Chinese market.“The company is working on solutions with its existing users in China, such as migrating such users’ mining machines to overseas markets, so that they may have access to our services in a compliant manner,” the company said in a filing on Thursday.BIT Mining also said it expects that its continued growth in international markets will help offset the loss of business in China.The company reported third-quarter revenue of $404.3 million, down about 9% from…