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BIT Mining Limited (BTCM)
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Upturn Advisory Summary
12/02/2025: 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 12/02/2025 |
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 Limited, formerly known as 500.com Limited, was founded in 2001. Initially a sports lottery service provider, it transitioned to the cryptocurrency mining industry through acquisitions and strategic shifts.
Core Business Areas
- Mining Pool Operation: Operates a cryptocurrency mining pool, providing services to miners globally.
- Mining Machine Manufacturing: Engages in the design and manufacturing of cryptocurrency mining machines.
- Data Centers: Operates facilities, or hosts with partners, which provide power and space for crypto mining.
Leadership and Structure
The leadership team consists of executives with experience in technology and finance. The organizational structure is based on functional divisions, including technology, operations, and finance.
Top Products and Market Share
Key Offerings
- BTC.com Mining Pool: A cryptocurrency mining pool that allows miners to collectively mine cryptocurrencies. Market share is dynamic and fluctuates based on mining difficulty and miner participation. Competitors include Poolin, F2Pool, and Antpool.
- Mining Machines: Designs and manufactures ASIC mining machines optimized for cryptocurrency mining. No concrete market share is available but competitors include Bitmain, Canaan and MicroBT.
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly competitive and subject to regulatory changes and fluctuations in cryptocurrency prices.
Positioning
BIT Mining Limited is positioned as a player in the cryptocurrency mining value chain, spanning mining pool operation, manufacturing and data centers. It aims to integrate its offerings.
Total Addressable Market (TAM)
The TAM for cryptocurrency mining hardware and services is estimated to be in the billions of dollars. BIT Mining Limited's position is subject to its ability to innovate and adapt to changing industry conditions.
Upturn SWOT Analysis
Strengths
- Vertical integration across the crypto mining value chain
- Experienced management team
- Proprietary technology in mining machine design
- Global reach
Weaknesses
- Reliance on cryptocurrency prices
- High operating costs
- Regulatory uncertainty
- Limited financial resources compared to major competitors
Opportunities
- Expansion into new geographic markets
- Development of more efficient mining technologies
- Partnerships with other companies in the blockchain ecosystem
- Diversification of revenue streams
Threats
- Increased competition
- Regulatory restrictions on cryptocurrency mining
- Fluctuations in cryptocurrency prices
- Technological obsolescence
Competitors and Market Share
Key Competitors
- CAN
- BTCM
- SDIG
Competitive Landscape
BIT Mining Limited faces competition from companies with greater resources and established market presence. Its advantages lie in specific technology and strategic partnerships, while its disadvantages stem from limited financial resources.
Major Acquisitions
Bee Computing
- Year: 2021
- Acquisition Price (USD millions): 93
- Strategic Rationale: To expand its cryptocurrency mining machine manufacturing capabilities.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to cryptocurrency market cycles and the company's ability to adapt.
Future Projections: Future growth projections are unavailable without analyst estimates.
Recent Initiatives: Recent strategic initiatives include expanding mining data centers.
Summary
BIT Mining Limited operates in a volatile cryptocurrency mining industry. While it has established a vertical integration strategy, its financial stability and growth depend on cryptocurrency prices and its ability to compete with larger companies. Regulatory changes and technology evolution also pose significant risks. The company has undertaken strategic acquisitions to expand its cryptocurrency mining machine manufacturing capabilities.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company websites, financial news sources, industry reports.
Disclaimers:
Data is based on available information and may not be entirely accurate. Investment decisions should be made after consulting with a qualified financial advisor.
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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