<SEC-DOCUMENT>0001104659-21-111844.txt : 20220615
<SEC-HEADER>0001104659-21-111844.hdr.sgml : 20220615
<ACCEPTANCE-DATETIME>20210901084403
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-21-111844
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20210901

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BIT Mining Ltd
		CENTRAL INDEX KEY:			0001517496
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		UNITS 813&815, LEVEL 8, CORE F
		STREET 2:		CYBERPORT 3, 100 CYBERPORT ROAD
		CITY:			HONGKONG
		STATE:			F4
		ZIP:			00000
		BUSINESS PHONE:		(852)5987 5938

	MAIL ADDRESS:	
		STREET 1:		UNITS 813&815, LEVEL 8, CORE F
		STREET 2:		CYBERPORT 3, 100 CYBERPORT ROAD
		CITY:			HONGKONG
		STATE:			F4
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	500.com Ltd
		DATE OF NAME CHANGE:	20131021

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	500wan.com Ltd
		DATE OF NAME CHANGE:	20111020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Fine Success Ltd
		DATE OF NAME CHANGE:	20110406
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
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                           <P STYLE="margin: 0pt">&nbsp;</P>

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    <TD STYLE="width: 28%">
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 1509</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">15/F Jardine House</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1 Connaught Place</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Central, Hong Kong</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Phone: 852-3972-4955</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fax: 852-3972-4999</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003D4C">Website: www.wsgr.com</P></TD>
    <TD STYLE="width: 25%">
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#39321;&#28207;&#20013;&#29872;</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#24247;&#27138;&#24291;&#22580;&#19968;&#34399;</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24609;&#21644;&#22823;&#24264;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27155;</FONT></P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1509<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23460;</FONT></P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38651;&#35441;</FONT>:
    852-3972-4955</P>
    <P STYLE="color: #003D4C; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20659;&#30495;</FONT>:
    852-3972-4999</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #003D4C">&#32178;&#22336;: www.wsgr.com</P></TD></TR>
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Confidential </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">September 1, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Alexandra Barone</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Jeff Kauten</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Office of Technology</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 5%; text-align: left"><B>Re:</B></TD><TD STYLE="padding-left: 1.5pt; text-align: justify; width: 95%"><B>BIT Mining Limited (CIK No. 0001517496)</B></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="padding-left: 1.5pt; text-align: justify"><B>Response to the Staff&rsquo;s Comments on</B></TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="padding-left: 1.5pt; text-align: justify"><B>Registration Statement on Form F-3 (Registration
No. 333-258329) Filed on July 30, 2021</B></TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Mr. Barone and Mr. Kauten,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On behalf of our client, BIT Mining Limited, a
foreign private issuer incorporated under the laws of the Cayman Islands (the &ldquo;<B>Company</B>&rdquo;), we are hereby submitting
to the staff (the &ldquo;<B>Staff</B>&rdquo;) of the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) this letter
setting forth the Company&rsquo;s responses to the comments contained in the Staff&rsquo;s letter dated August 17, 2021 on the Company&rsquo;s
registration statement on Form F-3 (Registration No. 333-258329) filed with the Commission on July 30, 2021 (the &ldquo;<B>Registration
Statement</B>&rdquo;). Concurrently with the submission of this letter, the Company is filing with the Commission Amendment No.1 to the
Registration Statement (the &ldquo;<B>Amendment No.1</B>&rdquo;) and certain exhibits via EDGAR to for Staff&rsquo;s review.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To facilitate your review, we have separately delivered
to you today five courtesy copies of the Amendment No.1, marked to show changes to the Registration Statement, and two copies of the submitted
exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Staff&rsquo;s comments are repeated below in
bold and are followed by the Company&rsquo;s responses. We have included page references in the Amendment No.1 where the disclosure addressing
a particular comment appears. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Wilson Sonsini Goodrich &amp; Rosati</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#23041;&#29246;&#36956;&#8231;&#26705;&#35199;&#23612;&#8231;&#21476;&#22855;&#8231;&#32645;&#27801;&#36842;&#24459;&#24107;&#20107;&#21209;&#25152;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Partners <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#22821;&#20154;</FONT>:
Weiheng Chen <FONT STYLE="font-family: Times New Roman, Times, Serif">&#38515;&#29010;&#24658;</FONT>, Dan Ouyang <FONT STYLE="font-family: Times New Roman, Times, Serif">&#27472;&#38525;&#20025;</FONT>*,
Wanda Woo <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32993;&#33463;&#31584;</FONT>, Winfield Lau <FONT STYLE="font-family: Times New Roman, Times, Serif">&#21129;&#27891;&#26249;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*Not Resident in Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">austin&nbsp;&nbsp; beijing&nbsp;&nbsp; boston&nbsp;&nbsp;
brussels&nbsp;&nbsp; hong kong&nbsp;&nbsp; london&nbsp;&nbsp; los angeles &nbsp;&nbsp;new york&nbsp;&nbsp; palo alto<BR>
san diego&nbsp;&nbsp; san francisco&nbsp;&nbsp; seattle&nbsp;&nbsp; shanghai &nbsp;&nbsp;washington, dc&nbsp;&nbsp; wilmington, de</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Cover Page</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>Provide prominent disclosure about the legal and operational risks associated with being based in or having the majority of the
company&rsquo;s operations in China. Your disclosure should make clear whether these risks could result in a material change in your
operations and/or the value of your ADSs or could significantly limit or completely hinder your ability to offer or continue to offer
securities to investors and cause the value of such securities to significantly decline or be worthless. Your disclosure should
address how recent statements and regulatory actions by China&rsquo;s government, such as those related to the use of variable
interest entities and data security or anti-monopoly concerns, has or may impact the company&rsquo;s ability to conduct its
business, accept foreign investments, or list on an U.S. or other foreign exchange. Your prospectus summary should address,
but not necessarily be limited to, the risks highlighted on the prospectus cover page.</B></TD></TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">The Company respectfully advises the Staff that the
Company is actively migrating and expanding its cryptocurrency mining business into international markets outside China. After the
suspension of the Company&rsquo;s data center operations in China in June 2021 and the disposal of the lottery-related business in
China in July 2021, the substantial majority of the Company&rsquo;s business operations have been migrated to international markets.
As of the date of this submission, (1) the Company&rsquo;s remaining operations in China primarily involve the provision of
administrative supports to its cryptocurrency mining business outside China, as well as the provision of information technology
services to its operating entities and mining pools outside China; and (2) the Company does not maintain any variable interest
entity structure or operate any data center in China. In addition, as advised by its PRC counsel, the Company is currently not
subject to any PRC laws and regulations relating to anti-monopoly concerns given the scope and supporting nature of its remaining
business operations in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">In response to the Staff&rsquo;s comment, the Company has
revised the disclosure on cover page and pages 5 and 6 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Our Company, page 4</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Please revise your prospectus summary to include no more than two pages summarizing the principal factors that make an investment
in the registrant or offering speculative or risky. Refer to Item 105(b) of Regulation S-K. In your summary of risk factors, disclose
the risks that being based in or having the majority of the company&rsquo;s operations in China poses to investors. In particular, describe
the significant regulatory, liquidity, and enforcement risks with cross-references to the more detailed discussion of these risks in the
prospectus. For example, specifically discuss risks arising from the legal system in China, including risks and uncertainties regarding
the enforcement of laws and that rules and regulations in China can change quickly with little advance notice; and the risk that the Chinese
government may intervene or influence your operations at any time, or may exert more control over offerings conducted overseas and/or
foreign investment in China-based issuers, which could result in a material change in your operations and/or the value of your ADSs. Acknowledge
any risks that any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or
foreign investment in China-based issuers could significantly limit or completely hinder your ability to offer or continue to offer securities
to investors and cause the value of such securities to significantly decline or be worthless.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">In response to the Staff&rsquo;s comment, the Company has
revised the disclosure on pages 7 and 8 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Disclose each permission that you or your subsidiaries are required to obtain from Chinese authorities to operate and issue these
securities to foreign investors. State whether you or your subsidiaries are covered by permissions requirements from the CSRC, CAC or
any other entity, and state affirmatively whether you have received
all requisite permissions and whether any permissions have been denied<B>.</B></B></TD></TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">The Company respectfully advises the Staff that, as advised
by its PRC counsel, the Company does not believe that it is required to obtain approval from the CSRC or the CAC for any offering contemplated
under the Registration Statement, and that as such, neither the Company nor any of its subsidiaries has applied for or obtained approval
from either the CSRC or the CAC in connection therewith. In response to the Staff&rsquo;s comment, the Company has revised the disclosure
and included a risk factor relating to CSRC approval and CAC review on pages 6, 14, 17 and 18 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>4.</B></TD><TD><B>Disclose that trading in your securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines
that it cannot inspect or fully investigate your auditor, and that as a result an exchange may determine to delist your securities. If
the PCAOB has been or is currently unable to inspect your auditor, revise your disclosure to so state.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">In response to the Staff&rsquo;s comment, the Company has
revised the disclosure and included a risk factor relating to the risk of our securities being delisted from a U.S. exchange if the PCAOB
determines that it cannot inspect auditor with presence in China on pages 7, 15 and 16 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>5.</B></TD><TD><B>Please revise to disclose the company's existing digital asset holdings as of the date of the prospectus.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">In response to the Staff&rsquo;s comment, the Company has
revised the disclosure on page 6 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Risk Factors, page 5</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>6.</B></TD><TD STYLE="padding-right: 0.1in"><B>Given the Chinese government&rsquo;s significant oversight and discretion over the conduct of your
business, please revise to separately highlight the risk that the Chinese government may intervene or influence your operations at any
time, which could result in a material change in your operations and/or the value of your ADSs. Also, given recent statements by the Chinese
government indicating an intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investment
in China-based issuers, acknowledge the risk that any such action could significantly limit or completely hinder your ability to offer
or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0.25in">In response to the Staff&rsquo;s comment, the Company
has revised the disclosure on pages 9, 10, 13, 14 and 17 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>7.</B></TD><TD STYLE="padding-right: 0.1in"><B>In light of recent events indicating greater oversight by the Cyberspace Administration of China over
data security, particularly for companies seeking to list on a foreign exchange, please revise your disclosure to explain how this oversight
impacts your business and your offering and to what extent you believe that you are compliant with the regulations or policies that have
been issued by the CAC to date.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">The Company respectfully advises that, as advised by
its PRC counsel, the Company does not believe that it is required to obtain approval from the CAC for any offering contemplated
under the Registration Statement due to the disposal of the Company&rsquo;s lottery related business in China, the suspension of its
data centers in China, and the ongoing migration and expansion of its cryptocurrency mining business into international markets
outside China. In response to the Staff&rsquo;s comment, the Company has revised the disclosure on pages 17 and 18 of the Amendment No.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">***</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red"><IMG SRC="tm2126703d2_correspimg3.jpg" ALT=""></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If you have any questions regarding the Amendment
No.1 to Registration Statement, please contact us via e-mail at <U>rblake@wsgr.com</U> and <U>keli@wsgr.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very
    truly yours,</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Weiheng
    Chen</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weiheng
    Chen</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Enclosures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cc:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Xianfeng Yang, Chief Executive Officer, BIT Mining Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Richard C. Blake, Wilson Sonsini Goodrich &amp; Rosati, Professional
Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0pt"></P>

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