Encrypted mining company BIT Mining's fourth-quarter financial report: revenue of 61 million US dollars, output of 65 BTC

Cryptocurrency mining company BIT Mining Limited has released its unaudited financial report for the fourth quarter and full year of 2022. Fourth quarter 2022 revenue of $61 million was a decrease of $436.8 million from the fourth quarter of 2021 and a decrease of $36 million from the third quarter of 2022. Losses for the fourth quarter of 2022 amounted to $121.7 million, an increase of $104.6 million from the fourth quarter of 2021 and an increase of $88.1 million from the third quarter of 2022. Full-year 2022 revenue is $650.2 million, with a loss of $182.9 million. The total hash rate of Bitcoin mining machines is about 66 PH/s, and 65 BTC were produced in the fourth quarter, with revenue of about $1.1 million. The total hash rate of ETC mining machines is about 3,525 GH/s, and 35,936 ETCs were produced in the fourth quarter, with revenue of about $800,000. In addition, BEE Computing, a subsidiary of BIT Mining, has produced more than 5,000 DOGE/LTC mining machines with a total hash rate of approximately 22,373 GH/s, and has now deployed these mining machines in the Ohio data center for self-mining operations. In early April 2023, a total of about 8,000 DOGE/LTC mining machines will be produced. The first samples of the Bitcoin mining ASIC will be available by the end of February 2023. After the merger of Ethereum, the company turned to the production of ETC mining machines and deployed them online in the Ohio data center.