Cryptocurrency mining company BIT Mining has agreed to sell its mining pool business to Esport Win Limited

ChainCatcher news, cryptocurrency mining company BIT Mining has agreed to sell its entire mining pool business operated under BTC.com to the Hong Kong limited company Esport Win Limited, for a total consideration of $5 million.

It is reported that the sale of the business is expected to result in an increase of approximately $16 million in total shareholder equity, as the business has about $11 million in net cryptocurrency liabilities. The sale does not include or affect any other business of BIT Mining. The sale of the business is subject to certain closing conditions and applicable regulatory approvals, and is expected to be completed once the closing conditions are met.