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    Mike Olson

    Managing Director and Senior Research Analyst at Piper Jaffray

    Mike Olson is a Managing Director and Senior Research Analyst at Piper Jaffray, where he specialized in equity research across the internet, e-commerce, video game, and digital media sectors, covering companies such as BIT Mining and leading industry names in online travel and interactive entertainment. Over his 19-year tenure at Piper Jaffray, Olson established a strong performance record, consistently ranking in the top 1% of more than 4,000 analysts on TipRanks, including No. 8 in 2013, No. 11 in 2017, and No. 24 in 2019, and earning awards from Thomson Reuters, Financial Times/StarMine, and the Wall Street Journal for earnings estimation and stock picking accuracy. Olson began his finance career after graduating with a BS in Finance from the University of Wisconsin-Madison and has since held key roles such as CFO at Version1 and PowerUp Acquisition Corp. as well as venture partner at Deepwater Asset Management. He holds notable professional credentials, including FINRA securities licenses, and is recognized for his long-term expertise and achievements in technology and entertainment sector research.

    Mike Olson's questions to BIT Mining (BTCM) leadership

    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.

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