BitMining Q2 Financial Report: Revenue of US$422.8 million, New Growth in Ethereum Mining

On August 17, BitMining (NYSE: BTCM) released its second-quarter financial report, achieving net income of approximately RMB 2.8739 billion (approximately US$445.1 million). From April 15 to June 30, BTC.com achieved revenue of approximately US$422.8 million, accounting for 95% of BitMining's total revenue in the second quarter.

As of June 30, 2021, BitMining owns cryptocurrency assets worth approximately RMB 410.8 million (approximately US$63.6 million), approximately 1,147 bitcoins, 1,083 Ethereums, 61.4 million Dogecoins and various other cryptocurrency assets, mainly from the mining pool business merged on April 15, 2021 and the cryptocurrency mining business launched at the end of February 2021.