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Upturn AI SWOT - About
BIT Mining Ltd (BTCM)
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Upturn Advisory Summary
09/17/2025: BTCM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 33.12% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 32.23M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 3.15 | 52 Weeks Range 1.22 - 4.27 | Updated Date 06/29/2025 |
52 Weeks Range 1.22 - 4.27 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 36.67% | Operating Margin (TTM) -64.61% |
Management Effectiveness
Return on Assets (TTM) -8.85% | Return on Equity (TTM) -15.25% |
Valuation
Trailing PE - | Forward PE 270.27 | Enterprise Value 32965078 | Price to Sales(TTM) 0.98 |
Enterprise Value 32965078 | Price to Sales(TTM) 0.98 | ||
Enterprise Value to Revenue 1 | Enterprise Value to EBITDA 5.31 | Shares Outstanding 15954000 | Shares Floating 1420017678 |
Shares Outstanding 15954000 | Shares Floating 1420017678 | ||
Percent Insiders 3.44 | Percent Institutions 3.2 |
Upturn AI SWOT
BIT Mining Ltd
Company Overview
History and Background
BIT Mining Ltd, formerly known as 500.com, was founded in 2001 and initially focused on online sports lottery services in China. It transitioned into the cryptocurrency mining business following regulatory changes in China. Over time, it has expanded into mining hardware manufacturing and data centers.
Core Business Areas
- Mining Pool: Operates a cryptocurrency mining pool that allows miners to pool their resources and increase their chances of earning rewards.
- Mining Hardware: Designs, manufactures, and sells cryptocurrency mining hardware, including ASIC miners. Their miners are specifically designed for Bitcoin and other cryptocurrencies.
- Data Centers: Provides data center services for cryptocurrency mining operations, offering hosting and infrastructure support.
- Mining Farms: Engages in direct cryptocurrency mining operations, deploying and managing mining farms.
Leadership and Structure
The leadership team consists of executives with experience in finance, technology, and cryptocurrency mining. The organizational structure is designed to support its diverse business segments, including mining pool operations, hardware sales, and data center services.
Top Products and Market Share
Key Offerings
- BTC.com Mining Pool: BTC.com is a well-known Bitcoin mining pool that BIT Mining operates. Market share fluctuates depending on hashing power contributed, but is a relatively small amount now. Competitors: Foundry USA, AntPool, ViaBTC.
- ASIC Miners: BIT Mining designs and sells ASIC miners for Bitcoin and other cryptocurrencies. The market share varies based on the miners produced. Competitors: Bitmain, MicroBT (Whatsminer), Canaan.
- Data Center Services: Provides hosting and infrastructure for mining operations. Competitors: Compute North (Defunct), Core Scientific, Riot Platforms.
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly competitive and subject to regulatory changes, technological advancements, and fluctuations in cryptocurrency prices. Demand for mining hardware and data center services is driven by the profitability of mining various cryptocurrencies.
Positioning
BIT Mining is positioned as a vertically integrated player in the cryptocurrency mining industry, offering mining pool services, hardware, and data center solutions. However, due to its relatively small market share compared to competitors, the company's positioning is considered weak.
Total Addressable Market (TAM)
The global cryptocurrency mining market is expected to reach hundreds of billions of dollars by 2030. BIT Mining is positioned to capture a share of this TAM through its various offerings.
Upturn SWOT Analysis
Strengths
- Vertically integrated business model
- Experience in the cryptocurrency mining industry
- Diversified revenue streams
- Global presence
Weaknesses
- Relatively small market share compared to competitors
- Dependence on cryptocurrency prices
- Exposure to regulatory risks
- Intense competition
Opportunities
- Expansion of data center services
- Development of more efficient mining hardware
- Growth in institutional investment in cryptocurrencies
- Geographic expansion into new markets
Threats
- Regulatory changes impacting cryptocurrency mining
- Increased competition from larger players
- Fluctuations in cryptocurrency prices
- Technological obsolescence of mining hardware
Competitors and Market Share
Key Competitors
- Hut 8 Mining Corp (HUT)
- Riot Platforms (RIOT)
- CleanSpark (CLSK)
Competitive Landscape
BIT Mining faces intense competition. Its advantages include a vertically integrated business model, however, it is dwarfed by the other mentioned companies in size and revenue. Its smaller market share and vulnerability to crypto price volatility puts it at a disadvantage.
Major Acquisitions
Bee Computing
- Year: 2021
- Acquisition Price (USD millions): 26.2
- Strategic Rationale: BIT Mining acquired Bee Computing to expand its cryptocurrency mining capabilities and enhance its technological infrastructure in hardware development.
Growth Trajectory and Initiatives
Historical Growth: Growth has been heavily influenced by cryptocurrency market trends and regulatory changes. Periods of rapid expansion have been followed by contractions.
Future Projections: Future growth projections are dependent on the cryptocurrency market, the company's ability to innovate, and its success in expanding its market share. Analyst estimates are unavailable, or highly speculative, given the sector's volatility.
Recent Initiatives: Recent initiatives include strategic investments in data centers in North America, along with continued development of their cryptocurrency mining hardware.
Summary
BIT Mining Ltd is a vertically integrated cryptocurrency mining company that has pivoted from online lottery services. The company faces fierce competition from larger players and is significantly exposed to cryptocurrency market volatility. Its strengths lie in its vertically integrated business model and recent expansion, while its weaknesses include small market share and regulatory risks. Future success depends on its ability to innovate and adapt to the ever-changing landscape of the crypto-mining industry and crypto regulations.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Press Releases
- SEC Filings
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Cryptocurrency markets are highly volatile and speculative. Data may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BIT Mining Ltd
Exchange NYSE | Headquaters Akron, OH, United States | ||
IPO Launch date 2013-11-22 | CEO - | ||
Sector Technology | Industry Information Technology Services | Full time employees 56 | Website https://www.btcm.group |
Full time employees 56 | Website https://www.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. In addition, it engages in online gaming activities; and provision of technology services. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021. BIT Mining Limited was founded in 2001 and is based in Akron, Ohio.
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