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BTCM
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BIT Mining Ltd (BTCM)

Upturn stock ratingUpturn stock rating
$3.37
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

08/14/2025: BTCM (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

0 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

Analysis of Past Performance

Type Stock
Historic Profit 33.12%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

BIT Mining Ltd

stock logo

Company Overview

overview logo History and Background

BIT Mining Ltd, formerly known as 500.com Limited, was founded in 2001. Initially focused on online lottery sales in China, it transitioned into cryptocurrency mining and related businesses after regulatory changes in China. The company has since expanded its operations globally.

business area logo Core Business Areas

  • Mining Pool: BTC.com is a cryptocurrency mining pool providing services to miners. It allows miners to pool their resources and share rewards based on their contribution to the network's processing power.
  • Mining Farm: The company develops and operates mining farms that house cryptocurrency mining machines.
  • Mining Machine Manufacturing: BIT Mining engages in the manufacturing and sales of cryptocurrency mining machines.

leadership logo Leadership and Structure

The leadership team includes a CEO and CFO. The organizational structure is based on functional departments such as operations, finance, and research and development.

Top Products and Market Share

overview logo Key Offerings

  • BTC.com Mining Pool: BTC.com provides a mining pool service. Market share data is not readily available but it's a prominent pool in the industry. Competitors include Foundry USA, AntPool, and ViaBTC.
  • Mining Machines: BIT Mining manufactures and sells mining machines. The market share is not public and depends on the overall mining machine market. Competitors include Bitmain, Canaan, and MicroBT.

Market Dynamics

industry overview logo Industry Overview

The cryptocurrency mining industry is highly competitive and subject to fluctuations in cryptocurrency prices, regulatory changes, and technological advancements.

Positioning

BIT Mining is positioned as a vertically integrated cryptocurrency mining company with operations spanning mining pools, mining farms, and mining machine manufacturing. Their competitive advantage lies in their global presence and diverse operations.

Total Addressable Market (TAM)

The total addressable market is the entire cryptocurrency mining industry revenue, which is in the billions of dollars annually. BIT Mining is positioned to capture a share of this market through its various business segments.

Upturn SWOT Analysis

Strengths

  • Vertically integrated operations
  • Global presence
  • Mining pool expertise
  • Mining farm management
  • Mining machine manufacturing

Weaknesses

  • High dependence on cryptocurrency prices
  • Regulatory risk
  • Competition in mining hardware market
  • Relatively small market capitalization

Opportunities

  • Expansion into new geographic markets
  • Development of more efficient mining hardware
  • Diversification into other blockchain-related services
  • Capitalize on new technological advancements

Threats

  • Cryptocurrency price volatility
  • Increased regulatory scrutiny
  • Rising energy costs
  • Technological obsolescence
  • Competition from larger mining companies

Competitors and Market Share

competitor logo Key Competitors

  • Bit Digital Inc. (BTBT)
  • Marathon Digital Holdings, Inc. (MARA)
  • Riot Platforms, Inc. (RIOT)

Competitive Landscape

BIT Mining faces competition from larger, more established mining companies. The company's advantages include its vertically integrated operations and global presence. Disadvantages include its smaller market capitalization and higher dependence on cryptocurrency prices.

Major Acquisitions

Bee Computing GmbH

  • Year: 2021
  • Acquisition Price (USD millions): 35
  • Strategic Rationale: Expanding into bitcoin mining machine manufacturing.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is closely tied to cryptocurrency market cycles.

Future Projections: Future growth depends on the company's ability to navigate regulatory changes, maintain competitive mining operations, and develop new products and services. Analyst estimates are required for specific projections.

Recent Initiatives: Recent initiatives include expansion of mining operations in new geographic locations.

Summary

BIT Mining's success hinges on cryptocurrency market stability and its ability to navigate regulatory hurdles. Its vertically integrated approach offers some insulation, but its financial performance remains highly volatile. Expanding its mining operations and technological capabilities are key for future growth, but competition and regulatory uncertainties pose significant risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Financial news sources
  • Market data providers

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on independent research and consultation with a qualified financial advisor. Cryptocurrency investments are inherently risky.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 56

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.