By Chris Wack


BIT Mining Ltd. shares were up 32% to $4.05 after the company launched its Litecoin/Dogecoin mining machine, model LD3, specifically designed for mining on the DOGE and LTC blockchains.

The Hong Kong cryptocurrency mining maker said the power efficiency of the LD3 miner reduces the costs of energy consumption, increasing its profitability over its predecessors.

BIT Mining said it produced more than 5,000 new LD3 miners for both internal use and public sale.

Shares closed Friday's session up 42% and are up 64% over the past three months.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

01-17-23 1104ET