BIT Mining Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

BIT Mining (NYSE:BTCM) Full Year 2022 Results

Key Financial Results

• Revenue: US$650.2m (down 51% from FY 2021).
• Net loss: US$169.6m (loss widened by 228% from FY 2021).
• US$19.47 loss per share (further deteriorated from US$8.32 loss in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BIT Mining Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates significantly.

The company's shares are up 14% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 6 warning signs for BIT Mining you should be aware of, and 3 of them are significant.

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