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Cryptocurrencies: 30048
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Cryptocurrencies: 30048
Markets: 114324
Market Cap: $2,626,818,653,424     
24h Vol: $92,636,225,157
Seeking Alpha 2022-12-12 21:42:11

BIT Mining to implement ADS ratio change

BIT Mining to implement ADS ratio change
BIT Mining ( NYSE: BTCM ) said Monday it plans to change the ratio of its American depositary shares to its class A ordinary shares from 1:10 to 1:100. The company expects the ADS ratio change will be effective on or about December 23. The ratio change will have the same effect as a 1-for-10 reverse share split. Shares of BIT Mining ( BTCM ) gained 5% after hours.
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