Bit Mining Limited shares rise 1.73% after-hours as Hyperscale Data increases Bitcoin holdings to 34% of market cap.

Bit Mining Limited rose 1.73% in after-hours trading, with the company's stock price potentially influenced by the recent news that Hyperscale Data, Inc. has significantly increased its Bitcoin holdings, now representing 34% of its public float. This move aligns with Hyperscale Data's strategy to fully pair its valuation with Bitcoin, which could positively impact the broader cryptocurrency and mining sectors.