BIT Mining Limited Announces Commitment to Mining Litecoin (LTC) and Dogecoin (DOGE) By Investing.com

BIT Mining Limited (BTCM) (“BIT Mining” or the “Company”), a technological leader cryptocurrency mining company, today announced the company’s continued commitment to self-mining Litecoin (LTC) and Dogecoin (DOGE) alongside Bitcoin (BTC) mining and its data center hosting activities. Like others crypto miners seek to diversify their revenue streams in a post-halving environment, the company’s expansion into Litecoin (LTC) and Dogecoin (DOGE) was found to be almost three times more profitable than BTC mining alone.

“At BIT Mining, we believe our cutting-edge technology and forward-thinking strategy uniquely positions us to adapt to market developments and seize new opportunities,” commented Xianfeng YangCEO of BIT Mining. “By combining innovation and agility, we strengthen our competitive advantage and create value for our stakeholders. cryptocurrency As the market continues to evolve, we are ready to grow alongside it, leveraging our strengths for long-term success. »

Of the November 27, 2024the Company mined 84,485.42 LTC and 227,908,250.38 DOGE since he launched the LTC and DOGE self-mining company. With more than 5,552 LTC/DOGE/BEL mining machines (capable of mining three coins at the same time, BEL coin is newer and relatively more volatile) offering a combined hash rate of 18.94 TH/s, the company currently accounts for 1.32% of the total global network hash rate in LTC. /DOGE/BEL, as one of the largest participants.

BIT Mining commitment to Litecoin (LTC) and Dogecoin (DOGE) is a major strategic move following the Company’s 2021 acquisition of Bee Computing, a semiconductor company dedicated to the design and development of blockchain hardware. Since the acquisition, the company has launched energy-efficient LD3 miners, one of the few cutting-edge machines that deliver highly cost-effective performance while providing the shortest payback period for SLD/DOGE/BEL mining, thus increasing its profitability and consolidating its position as market leader. Beyond many years of accumulation of chip design knowledge and three years of dedicated efforts to develop crypto minors, the success of LD3 has been proven BIT Mining forward planning and long-term dedication to blockchain technology, where miners firmly occupy the fundamental base to validate and support the entire ecosystem.

“The recent gathering in Litecoin And Dogecoinpowered in part by That of Elon Musk “The influence and evolution of the regulatory landscape in the United States after Trump’s victory, has had a major impact on mining profitability,” noted Dr. Youwei Yangchief economist and vice president of mining at BIT Mining. “Continued advancements in blockchain technology, particularly in network interoperability, are fueling optimism about the future. crypto market, with Dogecoin And Litecoin gains considerable momentum. Many analysts predict this upward trend will continue through 2025, reflecting confidence in DOGEthe potential and broader growth of cryptocurrency industry.”

Having recently announced an expansion into Ethiopiathe company continues to be at the forefront of industrial and technological innovation, securing premier mining and data center resources while building strong international partnerships. With a renewed focus on mining machine development, autonomous mining and data center operations, the company is well positioned to thrive in a rapidly evolving market. crypto environment.

To learn more about BIT Miningvisit www.btcm.group.