Mike Olson's questions to BIT Mining (BTCM) leadership • Q1 2015
Question
Mike Olson of Piper Jaffray inquired about the activity levels of mobile users versus PC users and the potential for mobile to dominate the user base. He also asked for clarification on the financial impact of the temporary suspension in Q2, specifically regarding revenue expectations and operating expense levels.
Answer
CEO Zhengming Pan stated that while mobile users currently have a lower average ARPU than PC users, they generate more orders and are expected to account for a larger portion of revenue and users in the future. He confirmed that the company anticipates zero revenue in the second quarter and that operating expenses will be materially lower, driven by a significant reduction in sales and marketing spend.