BIT Mining Limited reported Impairment of Cryptocurrency Assets for the first quarter ended March 31, 2023. Impairment of cryptocurrency assets was USD 1.6 million for the first quarter of 2023, representing a decrease of USD 6.1 million from USD 7.7 million for the first quarter of 2022 and a decrease of USD 1.7 million from USD 3.3 million for the fourth quarter of 2022, mainly due to provisions for impairment of cryptocurrency assets held as a result of fluctuations in cryptocurrency prices.