BIT Mining launches litecoin/dogecoin mining machine

BIT Mining ( NYSE: BTCM ) on Tuesday launched its litecoin ( LTC-USD )/dogecoin ( DOGE-USD ) mining machine - model LD3, as it diversifies from its less profitable self-mining business. Shares of BIT Mining ( BTCM ), which ended 42.1% higher on Friday, rose 20.5% before the bell on Tuesday. The LD3 machine has 0.73 W/MH power efficiency and 4.8K MH/s delivery, making it more profitable in terms of efficient power consumption, and it offers the shortest payback period for LTC/DOGE mining. LD3 also provides more security guarantees for LTC/DOGE miners, at both the software level and hardware level. BIT Mining ( BTCM ) has produced over 5K new LD3 miners for internal use and for sale to the public. "This next generation of LTC/DOGE miners will push the industry ahead with currently unmatched technical specs. The LD3's release is also well-timed with the upcoming LTC halving event in August," said CEO Xianfeng Yang. Earlier, BIT Mining ( BTCM ) changed the ratio of its American depositary shares to its class A ordinary shares to 1:100 .