RTTNews | May 19, 2021 10:43AM EDT

10:42 Wednesday, May 19, 2021 (RTTNews.com) - Shares of BIT Mining Ltd. (BTCM) are slipping over 18% on Wednesday morning after the cryptocurrency mining company said it will invest in Dory Creek, a wholly-owned subsidiary of Bitdeer Inc.

BTCM is currently trading at $11.22, down $2.48 or 18.10%, on the Nasdaq.

The company will invest a total amount of $25.74 million and jointly construct and operate the Texas Mining Center with Dory Creek. The total power capacity of the Texas Mining Center is 57.2MW, with more than 85% of its power generated by clean and low-carbon energy.

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