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BIT Mining Limited

NYSE:BTCM Stock Report

Market Cap: US$71.9m

BIT Mining (BTCM) Stock Overview

Operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. More details

BTCM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Earnings have grown 9.1% per year over the past 5 years

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk

BTCM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

BIT Mining Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for BIT Mining
Historical stock prices
Current Share PriceUS$4.20
52 Week HighUS$8.07
52 Week LowUS$1.22
Beta3.14
1 Month Change95.35%
3 Month Change228.13%
1 Year Change36.36%
3 Year Change-47.51%
5 Year Change-88.68%
Change since IPO-97.90%

Recent News & Updates

BIT Mining Limited (NYSE:BTCM) Surges 27% Yet Its Low P/S Is No Reason For Excitement

Jun 10
BIT Mining Limited (NYSE:BTCM) Surges 27% Yet Its Low P/S Is No Reason For Excitement

The Market Doesn't Like What It Sees From BIT Mining Limited's (NYSE:BTCM) Revenues Yet As Shares Tumble 26%

Apr 12
The Market Doesn't Like What It Sees From BIT Mining Limited's (NYSE:BTCM) Revenues Yet As Shares Tumble 26%

Recent updates

BIT Mining Limited (NYSE:BTCM) Surges 27% Yet Its Low P/S Is No Reason For Excitement

Jun 10
BIT Mining Limited (NYSE:BTCM) Surges 27% Yet Its Low P/S Is No Reason For Excitement

The Market Doesn't Like What It Sees From BIT Mining Limited's (NYSE:BTCM) Revenues Yet As Shares Tumble 26%

Apr 12
The Market Doesn't Like What It Sees From BIT Mining Limited's (NYSE:BTCM) Revenues Yet As Shares Tumble 26%

Investors Give BIT Mining Limited (NYSE:BTCM) Shares A 25% Hiding

Feb 25
Investors Give BIT Mining Limited (NYSE:BTCM) Shares A 25% Hiding

BIT Mining Limited's (NYSE:BTCM) Shares Bounce 26% But Its Business Still Trails The Industry

Nov 06
BIT Mining Limited's (NYSE:BTCM) Shares Bounce 26% But Its Business Still Trails The Industry

BIT Mining Limited's (NYSE:BTCM) Shares Not Telling The Full Story

Jul 30
BIT Mining Limited's (NYSE:BTCM) Shares Not Telling The Full Story

Take Care Before Jumping Onto BIT Mining Limited (NYSE:BTCM) Even Though It's 26% Cheaper

Mar 21
Take Care Before Jumping Onto BIT Mining Limited (NYSE:BTCM) Even Though It's 26% Cheaper

BIT Mining Limited's (NYSE:BTCM) Shares Bounce 35% But Its Business Still Trails The Industry

Dec 18
BIT Mining Limited's (NYSE:BTCM) Shares Bounce 35% But Its Business Still Trails The Industry

Improved Revenues Required Before BIT Mining Limited (NYSE:BTCM) Stock's 69% Jump Looks Justified

Jul 14
Improved Revenues Required Before BIT Mining Limited (NYSE:BTCM) Stock's 69% Jump Looks Justified

BIT Mining Limited: Selling Ethereum And Holding Dogecoin

May 31

BIT Mining Non-GAAP EPADS of -$1.93, revenue of $61M beats by $7.7M

Feb 17

BIT Mining regains NYSE compliance

Feb 02

BIT Mining launches litecoin/dogecoin mining machine

Jan 17

BIT Mining to implement ADS ratio change

Dec 12

BIT Mining Limited: Down 95% YTD, This One Is NGMI

Sep 09

BIT Mining stock slides on $9.3M securities offering

Aug 16

NYSE sends notice to BIT Mining on applicable price criteria non-compliance

Aug 05

BIT Mining narrows its stake in Loto Interactive through sale of shares

Jul 12

BIT Mining's Radical Shift Brings Back Revenue, But Profits Remain Elusive

Feb 23

BIT Mining Limited: A Crypto Company With A Lot To Prove

Aug 26

BIT Mining delivers 320 mining machines to Kazakhstan

Jun 21

Could The 500.com Limited (NYSE:WBAI) Ownership Structure Tell Us Something Useful?

Dec 15
Could The 500.com Limited (NYSE:WBAI) Ownership Structure Tell Us Something Useful?

Shareholder Returns

BTCMUS SoftwareUS Market
7D-32.8%2.3%0.5%
1Y36.4%26.1%14.1%

Return vs Industry: BTCM exceeded the US Software industry which returned 23.1% over the past year.

Return vs Market: BTCM exceeded the US Market which returned 12.4% over the past year.

Price Volatility

Is BTCM's price volatile compared to industry and market?
BTCM volatility
BTCM Average Weekly Movement47.0%
Software Industry Average Movement7.6%
Market Average Movement6.4%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.1%

Stable Share Price: BTCM's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: BTCM's weekly volatility has increased from 25% to 47% over the past year.

About the Company

FoundedEmployeesCEOWebsite
200156Xianfeng Yangwww.btcm.group

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates through Data Center and Cryptocurrency Mining segments. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.

BIT Mining Limited Fundamentals Summary

How do BIT Mining's earnings and revenue compare to its market cap?
BTCM fundamental statistics
Market capUS$71.86m
Earnings (TTM)-US$6.85m
Revenue (TTM)US$32.92m
2.1x
P/S Ratio
-10.1x
P/E Ratio

Is BTCM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTCM income statement (TTM)
RevenueUS$32.92m
Cost of RevenueUS$29.94m
Gross ProfitUS$2.99m
Other ExpensesUS$9.84m
Earnings-US$6.85m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.42
Gross Margin9.07%
Net Profit Margin-20.82%
Debt/Equity Ratio0%

How did BTCM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/17 01:04
End of Day Share Price 2025/07/17 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BIT Mining Limited is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alan HellawellDeutsche Bank
Kevin DedeH.C. Wainwright & Co.
Diying JiOppenheimer & Co. Inc.