company background image
BTCM logo

BIT Mining NYSE:BTCM Stock Report

Last Price

US$2.86

Market Cap

US$33.0m

7D

-14.4%

1Y

-55.4%

Updated

22 Dec, 2024

Data

Company Financials +

My Notes

Capture your thoughts, links and company narrative

BIT Mining Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for BIT Mining
Historical stock prices
Current Share PriceUS$2.86
52 Week HighUS$6.59
52 Week LowUS$1.79
Beta2.56
1 Month Change3.25%
3 Month Change27.11%
1 Year Change-55.38%
3 Year Change-95.94%
5 Year Change-96.75%
Change since IPO-98.57%

Recent News & Updates

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

Recent updates

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

BIT Mining's Rapid Move Into Crypto Space Shows Early Signs Of Depth

May 28

500.com Limited inks two agreements to acquire bitcoin mining machines

Feb 02

500.com to acquire bitcoin mining machines for ~$14.4M worth shares

Jan 11

500.com CTO steps down

Dec 28

500.com Limited announces private placement and appoints new CEO and COO

Dec 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?

500.com reports Q3 results

Nov 20

Shareholder Returns

BTCMUS SoftwareUS Market
7D-14.4%-2.2%-2.4%
1Y-55.4%22.4%23.4%

Return vs Industry: BTCM underperformed the US Software industry which returned 22.4% over the past year.

Return vs Market: BTCM underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is BTCM's price volatile compared to industry and market?
BTCM volatility
BTCM Average Weekly Movement13.1%
Software Industry Average Movement7.9%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
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 (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
200175Xianfeng 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 in two segments: Data Center and Cryptocurrency Mining. 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$33.01m
Earnings (TTM)-US$20.28m
Revenue (TTM)US$41.41m

0.8x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTCM income statement (TTM)
RevenueUS$41.41m
Cost of RevenueUS$35.34m
Gross ProfitUS$6.06m
Other ExpensesUS$26.35m
Earnings-US$20.28m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.76
Gross Margin14.64%
Net Profit Margin-48.99%
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 Analysis2024/12/22 03:28
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

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.