BIT Mining Limited, formerly known as 500.com Limited, is a company that transitioned from online gaming to cryptocurrency mining in 2021. Headquartered in Akron, Ohio, BIT Mining operates across the cryptocurrency industry value chain. Their core business areas encompass cryptocurrency mining itself, data center operation, and a mining pool.
BIT Mining owns and operates a cryptocurrency mining data center in Ohio boasting a power capacity of 82.5 megawatts. This facility houses their deployed Bitcoin mining machines, allowing them to actively participate in the mining process. Additionally, they go beyond just their own operations and manage BTC.com, a prominent mining pool. Mining pools combine the computing power of multiple miners to increase their chances of earning cryptocurrency rewards.
Beyond mining and pool management, BIT Mining owns and operates BTC.com, a well-regarded blockchain browser. This browser allows users to explore and interact with the Bitcoin blockchain, providing valuable insights into network activity and transaction data. This diversified approach across various sectors of the cryptocurrency industry positions BIT Mining as a one-stop shop for cryptocurrency enthusiasts and investors.