2023-05-30 16:15:02 ET
- BIT Mining press release ( NYSE: BTCM ): Q1 Non-GAAP EPADS of -$0.39.
- Revenue of $72.87M (-75.4% Y/Y).
- Non-GAAP operating loss 1 was US$5.2 million in the first quarter of 2023, as compared with non-GAAP operating loss of US$0.1 million for the first quarter of 2022, and non-GAAP operating loss of US$18.0 million for the fourth quarter of 2022.
- As of March 31, 2023, the Company had cash and cash equivalents of US$4.6 million, restricted cash 3 of US$0.1 million and short-term investment 4 of US$2.4 million.
- As of March 31, 2023, the Company had cryptocurrency assets of US$18.4 million in aggregate, which is the U.S. dollar equivalent of 289 BTC, 3,243 ETH, 69.5 million DOGE and various other cryptocurrency assets, including those generated from its mining pool and cryptocurrency mining businesses.
For further details see:
BIT Mining Non-GAAP EPADS of -$0.39, revenue of $72.87M