BIT Mining’s ethiopian expansion: BIT Mining is expanding in Ethiopia by acquiring data centers and Bitcoin mining equipment. The first phase, costing 14.2 million USD, includes a 35-megawatt data center and 17,869 Bitcoin mining machines. Expansion will further develop in early 2025.
Litecoin and Dogecoin success: BIT Mining reported significant profits from mining Litecoin (LTC) and Dogecoin (DOGE). Over the past month, prices for LTC ROSE by 73% and DOGE by 117%. This boost has positively impacted BIT Mining’s profitability and market positioning.
Market and stock performance: Beyond cryptocurrency mining, BIT Mining’s stock increased by 29% last week. Bitcoin’s price also climbed over 100,000 USD, rising 31% last month. These dynamics highlight a strong market influenced by US regulatory changes and endorsements.