SOLAI Ltd 6-K, filed Dec 18, 2024
SOLAI Ltd (SLAIY)
About this 6-K
SOLAI Ltd filed this 6-K on December 18, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2024
Commission File Number: 001-36206
BIT Mining Limited
|
428 South Seiberling Street Akron, Ohio 44306 United States of America +1 (346) 204-8537 | |
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
EXPLANATORY NOTE
This report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3, as amended, initially filed with the U.S. Securities and Exchange Commission on July 30, 2021 (Registration No. 333-258329), and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
TABLE OF CONTENT
Exhibit 99.1 BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BIT MINING LIMITED | ||
| By: |
/s/ Xianfeng Yang | |
| Name: | Xianfeng Yang | |
| Title: | Chief Executive Officer | |
Date: December 18, 2024
Exhibit 99.1
BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards
AKRON, Ohio, December 18, 2024 /PRNewswire/ – BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced that it received a letter (the “Letter”) from the New York Stock Exchange (the “NYSE”), dated December 17, 2024, notifying the Company that it has regained compliance with the NYSE’s quantitative continued listing standards.
On June 9, 2023, the Company was notified by the NYSE that it was not in compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirement (the “Market Cap and Equity Requirement”) of Section 802.01B of the NYSE Listed Company Manual because its average total market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million. Pursuant to the Letter from the NYSE, as a result of the Company’s achievement of compliance with the NYSE’s Market Cap and Equity Requirement as of December 17, 2024, the Company is considered as back in compliance with the NYSE’s quantitative continued listing standards and the below compliance (“.BC”) indicator will no longer be transmitted beginning with the opening of trading on December 18, 2024. Additionally, the Company will no longer be noted as being below continued listing standards on the NYSE’s website (www.nyse.com). In accordance with the NYSE’s Listed Company Manual, the Company will be subject to a 12-month follow-up period within which the Company will be reviewed to ensure that the Company does not once again fall below any of the NYSE’s continued listing standards.
About BIT Mining
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
For more information:
BIT Mining Limited
ir@btcm.group
Ir.btcm.group
www.btcm.group
Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com