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BIT Mining NYSE:BTCM Stock Report

Last Price

US$2.84

Market Cap

US$35.4m

7D

-8.7%

1Y

-1.7%

Updated

20 Nov, 2024

Data

Company Financials

BIT Mining Limited

NYSE:BTCM Stock Report

Market Cap: US$35.4m

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 Health6/6
Dividends0/6

Rewards

Earnings have grown 0.3% per year over the past 5 years

Risk Analysis

Volatile share price over the past 3 months compared to the US market

Does not have a meaningful market cap ($35M)

Shareholders have been diluted in the past year


BIT Mining Limited Competitors

BTC Digital

NasdaqCM:BTCT

US$42.6m

Phunware

NasdaqCM:PHUN

US$51.1m

MicroCloud Hologram

NasdaqCM:HOLO

US$24.2m

BSQUARE

NasdaqCM:BSQR

US$37.4m

Price History & Performance

Summary of all time highs, changes and price drops for BIT Mining
Historical stock prices
Current Share PriceUS$2.84
52 Week HighUS$6.95
52 Week LowUS$1.79
Beta2.51
11 Month Change4.41%
3 Month Change27.35%
1 Year Change-1.73%
33 Year Change-95.83%
5 Year Change-97.16%
Change since IPO-98.58%

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-8.7%-1.4%-1.2%
1Y-1.7%24.1%30.4%

Return vs Industry: BTCM underperformed the US Software industry which returned 24.1% over the past year.

Return vs Market: BTCM underperformed the US Market which returned 30.4% over the past year.

Price Volatility

Is BTCM's price volatile compared to industry and market?
BTCM volatility
BTCM Average Weekly Movement11.7%
Software Industry Average Movement7.3%
Market Average Movement6.2%
10% most volatile stocks in US Market15.5%
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 (12%) 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$35.44m
Earnings (TTM)-US$20.28m
Revenue (TTM)US$41.41m

0.8x

P/S Ratio

-1.6x

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$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