BIT Mining Announces Focus on Litecoin (LTC) and Dogecoin (DOGE) Mining

BIT Mining Limited has announced its continued commitment to self-mining Litecoin (LTC) and Dogecoin (DOGE), in addition to Bitcoin (BTC) mining and data center hosting. This move comes as other crypto miners seek to diversify their revenue streams post-halving, with mining LTC and DOGE being nearly three times more profitable than mining BTC alone.

CEO Xianfeng Yang stated that BIT Mining’s focus on innovation and agility positions them to adapt to market shifts and create value for stakeholders. The Company has mined over 84,485.42 LTC and 227,908,250.38 DOGE with their LD3 miners, representing 1.32% of the global network hash rate in LTC/DOGE/BEL mining.

BIT Mining’s commitment to LTC and DOGE follows their acquisition of Bee Computing in 2021, leading to the development of power-efficient LD3 miners. The success of these miners highlights the Company’s long-term dedication to blockchain technology and their position as a market leader.

Chief Economist Dr. Youwei Yang highlighted the recent rally in LTC and DOGE, driven in part by Elon Musk’s influence and changing US regulations. He noted that advancements in blockchain technology and network interoperability are fueling optimism in the crypto market, with many analysts predicting continued growth in 2025.

Focused on industry and technology innovation, BIT Mining recently expanded into Ethiopia and continues to secure premium resources for mining operations. With a renewed focus on mining machine development and data center operations, the Company is well-positioned for success in the evolving crypto environment.

To learn more about BIT Mining, visit their website at www.btcm.group.