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Upturn AI SWOT - About
BIT Mining Ltd (BTCM)
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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
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $
1 Year Target Price $
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.76% | Avg. Invested days 34 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  1.0 |
| 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 - |
Upturn AI SWOT
BIT Mining Ltd
Company Overview
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.
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 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
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
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
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.
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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