Bit Mining Limited shares rise 4.74% premarket after Cipher Mining's $1.1 billion convertible senior notes offering.

Bit Mining Limited rose 4.74% in premarket trading, with the company's stock price increase potentially influenced by the recent news of Cipher Mining Inc. announcing the pricing of its offering of $1.1 billion aggregate principal amount of 0.00% convertible senior notes due 2031. This news could have positively impacted the sentiment towards Bit Mining Limited, as it indicates strong financial activity within the mining sector.