比特矿业美股招股说明书(2022-08-18版)

424B51tm2224075-1424b5.htm424B5 FiledPursuanttoRule424(b)(5)RegistrationNo.333-258329 ProspectusSupplement (ToProspectusDatedMay6,2022) 15,566,665AmericanDepositarySharesRepresenting155,666,650ClassAOrdinarySharesSeriesAWarrantstoPurchaseupto15,566,665AmericanDepositaryShares SeriesBWarrantstoPurchaseupto15,566,665AmericanDepositarySharesPlacementAgentWarrantstoPurchaseupto778,333AmericanDepositarySharesHCWWarrantstoPurchaseupto346,000AmericanDepositaryShares Upto32,257,663AmericanDepositaryShares(representingupto322,576,630ClassAOrdinaryShares underlyingtheSeriesAWarrants,theSeriesBWarrants,thePlacementAgentWarrantsandtheHCWWarrants) BITMiningLimited Weareoffering(1)15,566,665Americandepositaryshares(the“ADSs”),and(2)certainwarrantsincluding(i)SeriesAwarrantstopurchaseupto15,566,665ADSs(the“SeriesAWarrants”)and (ii)SeriesBwarrantstopurchaseupto15,566,665ADSs(the“SeriesBWarrants”)(theSeriesAWarrantsandSeriesBWarrantsarecollectivelyreferredasthe“Warrants”),tocertaininstitutionalinvestors(the“Offering”).TheWarrantsareofferedtogetherwiththeADSs.ThecombinedpurchasepriceofeachADSandtheaccompanyingWarrantsisUS$0.60.Thisprospectussupplementalsorelatestotheofferandsaleofupto31,133,330ADSsthatareissuableuponexerciseoftheWarrants,upto778,333ADSsthatareissuableupontheexerciseofthePlacementAgentWarrants(definedbelow)andupto346,000ADSsthatareissuableupontheexerciseoftheHCWWarrants(definedbelow).EachADSrepresents10ClassAordinaryshares,parvalueUS$0.00005pershare. EachSeriesAWarrantisexercisableforoneADSatanexercisepriceofUS$0.66perADS.TheSeriesAWarrantswillbeimmediatelyexercisableandwillexpireonthe5thanniversaryoftheoriginalissuancedate.EachSeriesBWarrantisexercisableforoneADSatanexercisepriceofUS$0.60perADS.TheSeriesBWarrantswillbeimmediatelyexercisableandwillexpireonthe2½thanniversaryoftheoriginalissuancedate. OurADSsarelistedontheNewYorkStockExchangeunderthesymbol“BTCM.”OnAugust17,2022,theclosingtradingpriceforourADSs,asreportedontheNewYorkStockExchange,wasUS$0.45perADS.ThereisnoestablishedpublictradingmarketfortheWarrants,andwedonotexpectamarkettodevelop.WedonotintendtoapplyforlistingoftheWarrantsonanysecuritiesexchangeorothernationallyrecognizedtradingsystem.Withoutanactivetradingmarket,theliquidityoftheWarrantswillbelimited. WehaveretainedRevereSecuritiesLLC(the“PlacementAgent”)toactasourplacementagentinconnectionwiththisOffering.ExceptwithrespecttothePlacementAgentWarrants,thePlacementAgentisnotpurchasingorsellinganyofthesecuritiesofferedpursuanttothisprospectussupplementandtheaccompanyingprospectus,andthePlacementAgentisnotrequiredtoarrangethepurchaseorsaleofany specificnumberofsecuritiesordollaramount.WewillpaythePlacementAgentacashfeeof2%ofthegrossproceedsraisedintheOffering.Pursuanttothisprospectussupplementandtheaccompanyingprospectus,wewillalsoissuewarrants(the“PlacementAgentWarrants”)topurchaseADSsequalto5%oftheaggregatenumberofADSssoldinthisOfferingtothePlacementAgent,oritsdesignees,aspartofthecompensationpayabletothePlacementAgent.EachPlacementAgentWarrantwillbeexercisableatanexercisepriceofUS$0.75(equalto125.0%ofthepricepershareofthesecuritiessoldintheOffering),willbecomeexercisablesixmonthsfromtheissuancedateandwillexpirethreeyearsfromthecommencementofthesalespursuanttotheSecuritiesPurchaseAgreement.Thisprospectussupplementalsorelatestotheissuanceofupto778,333ADSsthatareissuableupontheexerciseofthePlacementAgentWarrantsaspartofthecompensationpayabletothePlacementAgent.See“PlanofDistribution”beginningonpageS-29ofthisprospectussupplementformoreinformationregardingthesearrangements. PursuanttoaletteragreementbetweenH.C.Wainwright&Co.,LLC(“HCW”)andusdatedJune10,2022(the“HCWAgreement”),HCWactedastheplacementagentforanofferingofoursecuritieswithcertaininvestorspursuanttoasecuritiespurchaseagreementdatedJune23,2022.ThisprospectussupplementalsorelatestotheissuancetoHCWoftheplacementagentwarrants(the“HCWWarrants”)topurchase6.0%oftheaggregatenumberofADSsplacedwithinvestorswhomHCWhadcontactedduringitsengagementtermpursuanttotheHCWAgreement.EachHCWWarrantwillhaveanexercisepriceofUS$0.75,willbecomeexercisableimmediatelyuponissuanceandwillexpirefiveyearsfromthecommencementofthesalespursuanttotheSecuritiesPurchaseAgreement.Thisprospectussupplementalsorelatestotheissuanceofupto346,000ADSsthatareissuableupontheexerciseoftheHCWWarrants.WewillpayHCWacashfeeof7.0%ofthegrossproceedsraisedfrominvestorswhomHCWhadcontactedduringitsengagementtermpursuanttotheHCWAgreement. BITMiningLimited,ourultimateCaymanIslandsholdingcompany,doesnothavesubstantiveoperationsotherthan(1)holdingcertainofourdigitalassetsinconnectionwithourcryptocurrencyminingbusinessand(2)indirectlyholdingtheequityinterestinoursubsidiariesinHongKong,BritishVirginIslands,Canada,Malta,Cyprus,Curacao,Kazakhstan,theUnitedStatesandmainlandChina.Asofthedateofthisprospectussupplement,(i)wedonothaverevenue-generatingoperationsinmainlandChina,andourremainingoperationsinmainlandChinaprimarilyinvolvetheprovisionofadministrativesupporttoourcryptocurrencyminingbusinessaswella