Blockchain
July 26, 2021
Bit Mining to Divest Lottery Operations, Focus on Crypto Mining
A leading Chinese cryptocurrency mining enterprise announced today a restructuring of the business to de-consolidate subsidiaries related to its lottery operations. VIE Structure Eliminated Bit Mining Limited is eliminating its variable interest entity (VIE) structure and related Chinese lottery business for nil consideration, the New York Stock Exchange (NYSE)-listed company revealed in a press release. […]
