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BTCM
Upturn stock ratingUpturn stock rating

BIT Mining Ltd (BTCM)

Upturn stock ratingUpturn stock rating
$2.05
Last Close (24-hour delay)
Profit since last BUY1.49%
upturn advisory
WEAK BUY
BUY since 29 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

06/30/2025: BTCM (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

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

1 Year Target Price $

1 Year Target Price $

Analysts Price Target For last 52 week
$Target price
Low$
Current$2.05
high$

Analysis of Past Performance

Type Stock
Historic Profit 3.76%
Avg. Invested days 34
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

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

Analyst Ratings

Rating 3
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold 1
Sell -
Strong Sell -
Strong Sell -

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, Ltd., has evolved from an online sports lottery service provider to a cryptocurrency mining company. Founded in 2001, it entered the Bitcoin mining industry in 2020. Significant milestones include the pivot to cryptocurrency mining and the acquisition of mining pools and data centers.

business area logo Core Business Areas

  • Cryptocurrency Mining: Engages in self-operated cryptocurrency mining, focusing on Bitcoin. This includes deploying and operating mining machines in various locations.
  • Mining Pool: Operates a cryptocurrency mining pool, providing services to miners by combining their computing power and distributing rewards.
  • Data Centers: Owns and operates data centers that primarily support cryptocurrency mining operations.

leadership logo Leadership and Structure

The leadership team consists of executives with experience in cryptocurrency, finance, and technology. The organizational structure includes departments for mining operations, technology development, finance, and administration.

Top Products and Market Share

overview logo Key Offerings

  • Bitcoin Mining: The core business, generating revenue through successful Bitcoin mining. Revenue fluctuates with Bitcoin price and mining difficulty. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT). Market share data is volatile and dependent on hashrate contribution which is not readily available.
  • BTC.com Mining Pool: Provides mining pool services, earning fees based on the hashrate directed to the pool and the blocks mined. Competitors include Foundry USA and Antpool. Market share data is volatile and dependent on hashrate contribution, but BTC.com's share has decreased.

Market Dynamics

industry overview logo Industry Overview

The cryptocurrency mining industry is highly competitive and volatile, influenced by factors such as Bitcoin price, mining difficulty, regulatory changes, and technological advancements.

Positioning

BIT Mining Ltd aims to be a vertically integrated player in the cryptocurrency mining ecosystem, with its own mining farms, mining pool, and data centers. Competitive advantages are its infrastructure and access to mining resources.

Total Addressable Market (TAM)

The TAM for Bitcoin mining is substantial, encompassing the entire Bitcoin network's block reward and transaction fees. BIT Mining's position within this TAM is dependent on its hashrate contribution and efficiency of its mining operations.

Upturn SWOT Analysis

Strengths

  • Vertically integrated operations (mining farms, pool, data centers)
  • Experience in cryptocurrency mining
  • Global presence

Weaknesses

  • High dependence on Bitcoin price
  • Relatively small scale compared to larger competitors
  • Geopolitical risk due to international operations
  • High Debt

Opportunities

  • Expansion of mining capacity
  • Diversification into other cryptocurrencies
  • Development of new mining technologies
  • Partnerships with renewable energy providers

Threats

  • Bitcoin price volatility
  • Increasing mining difficulty
  • Regulatory uncertainty
  • Competition from larger mining companies
  • Rising energy costs

Competitors and Market Share

competitor logo Key Competitors

  • Marathon Digital Holdings (MARA)
  • Riot Platforms (RIOT)
  • CleanSpark (CLSK)

Competitive Landscape

BIT Mining Ltd faces intense competition from larger, more established mining companies. Its competitive advantage lies in its vertically integrated operations, but it needs to scale up to compete effectively.

Major Acquisitions

Bee Computing

  • Year: 2021
  • Acquisition Price (USD millions): 27.4
  • Strategic Rationale: Acquisition of data center capacity and infrastructure for expanding cryptocurrency mining operations.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by expansion of mining capacity and fluctuations in Bitcoin price. Volatility is high.

Future Projections: Future projections depend on Bitcoin price forecasts, mining difficulty trends, and the company's ability to increase its hashrate. Analyst estimates are scarce.

Recent Initiatives: Recent initiatives include the expansion of mining facilities and the procurement of new mining equipment.

Summary

BIT Mining Ltd is a small player in the volatile cryptocurrency mining industry, heavily reliant on Bitcoin price. Its vertical integration provides some stability, but it faces significant competition and regulatory risks. The company needs to improve its financial position, grow its hashrate and manage its debt. The business needs to be wary of external forces influencing its revenue.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • News articles
  • Third-party financial data providers

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Cryptocurrency investments are highly speculative and involve substantial risk of loss.

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.