BIT Mining’s Subsidiary BTC.com to Exit Mainland China

BIT Mining’s Subsidiary BTC.com to Exit Mainland China
BTC.com, the mining pool subsidiary of BIT Mining (NYSE:BTCM), will exit mainland China in response to the ongoing crackdown of the crypto industry in the country.Starting today, BTC.com will stop registering new users and also expects to start closing the accounts of existing users, BIT Mining announced Thursday.While warning that the withdrawal is likely to adverse its financial statements, BIT Mining is optimistic that growth in other markets will offset the loss of business from China.Antpool, the largest bitcoin mining pool by hashrate, also said it will block internet access from mainland China.At the time of writing, NYSE-traded BIT Mining’s…