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Bit Origin Ltd (BTOG)
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Upturn Advisory Summary
12/09/2025: BTOG (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 -41.7% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 9.35M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.46 | 52 Weeks Range 0.12 - 3.09 | Updated Date 06/29/2025 |
52 Weeks Range 0.12 - 3.09 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.69 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -8.06% | Return on Equity (TTM) -398.21% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 15021401 | Price to Sales(TTM) 0.42 |
Enterprise Value 15021401 | Price to Sales(TTM) 0.42 | ||
Enterprise Value to Revenue 1.75 | Enterprise Value to EBITDA -4.79 | Shares Outstanding 58211100 | Shares Floating 8368352 |
Shares Outstanding 58211100 | Shares Floating 8368352 | ||
Percent Insiders 1.32 | Percent Institutions 0.57 |
Upturn AI SWOT
Bit Origin Ltd
Company Overview
History and Background
Bit Origin Ltd. (formerly China Carbon Neutral Development Group Limited) was founded in 2017 and is based in the Cayman Islands. The company initially focused on carbon-related businesses. In recent years, it has pivoted significantly towards the cryptocurrency mining sector, investing heavily in mining hardware and operations.
Core Business Areas
- Cryptocurrency Mining: The primary focus of Bit Origin Ltd. is on the mining of cryptocurrencies, particularly Bitcoin. This involves acquiring, deploying, and managing mining hardware to validate transactions and earn cryptocurrency rewards.
- Digital Asset Trading: The company may also engage in the trading of digital assets, though this is typically secondary to its core mining operations.
Leadership and Structure
Bit Origin Ltd. is a publicly traded company. Information regarding its specific leadership team and detailed organizational structure would require access to their latest SEC filings (e.g., 10-K, proxy statements).
Top Products and Market Share
Key Offerings
- Bitcoin Mining Services: Bit Origin Ltd. offers Bitcoin mining services through its deployed ASIC mining rigs. Specific revenue figures or market share for this segment are not readily available as it's an internal operation rather than a product sold to external customers. Competitors in this space include Marathon Digital Holdings, Riot Platforms, Hut 8 Mining, and CleanSpark.
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly dynamic and capital-intensive, driven by cryptocurrency prices, energy costs, and technological advancements in mining hardware. Regulatory environments also play a significant role. The industry is characterized by intense competition and a constant need for efficient operations.
Positioning
Bit Origin Ltd. aims to position itself as a significant player in the Bitcoin mining landscape. Its competitive advantage lies in its ability to secure cost-effective energy sources and deploy efficient mining hardware. However, it faces strong competition from larger, more established mining operations.
Total Addressable Market (TAM)
The Total Addressable Market for cryptocurrency mining is vast, driven by the global demand for cryptocurrencies. While difficult to quantify precisely due to the fluctuating nature of crypto markets, it is in the billions of dollars annually. Bit Origin Ltd. positions itself within this TAM by focusing on accumulating Bitcoin through its mining efforts.
Upturn SWOT Analysis
Strengths
- Focus on Bitcoin mining, a well-established cryptocurrency.
- Potential for cost-effective energy procurement in certain locations.
- Investment in mining hardware for operational capacity.
Weaknesses
- High dependence on Bitcoin price fluctuations.
- Significant capital expenditure required for hardware and infrastructure.
- Operational challenges related to energy consumption and environmental impact.
- Competition from larger, well-capitalized mining companies.
Opportunities
- Increasing institutional adoption of Bitcoin.
- Potential for further advancements in mining efficiency.
- Geographic expansion to leverage lower energy costs.
- Diversification into other blockchain-related services.
Threats
- Volatile cryptocurrency prices leading to reduced profitability.
- Increasing regulatory scrutiny and potential bans on mining.
- Rising energy costs and availability issues.
- Intensifying competition leading to lower mining rewards.
- Technological obsolescence of mining hardware.
Competitors and Market Share
Key Competitors
- Marathon Digital Holdings (MARA)
- Riot Platforms (RIOT)
- Hut 8 Mining Corp. (HUT)
- CleanSpark Inc. (CLSK)
Competitive Landscape
Bit Origin Ltd. operates in a highly competitive landscape. Its advantages lie in its dedicated focus on mining. However, it faces disadvantages compared to larger competitors who may have greater access to capital, more diversified operations, or longer-standing relationships with energy providers. Maintaining cost-competitiveness and operational efficiency is paramount.
Growth Trajectory and Initiatives
Historical Growth: The company's historical growth has been characterized by its transition into the cryptocurrency mining sector and subsequent investments in expanding its mining capacity. Growth is heavily influenced by Bitcoin's price performance and operational efficiency.
Future Projections: Future projections for Bit Origin Ltd. are contingent on several factors, including Bitcoin price forecasts, advancements in mining technology, energy costs, and regulatory landscapes. Analyst estimates, if available, would provide insights into potential future revenue and profitability.
Recent Initiatives: Recent initiatives likely involve expanding their mining fleet, optimizing energy consumption, and potentially securing new, more favorable energy contracts.
Summary
Bit Origin Ltd. is primarily a Bitcoin mining company facing the inherent volatility of the cryptocurrency market. Its strengths lie in its focused strategy and potential for cost-efficient operations. However, it grapples with intense competition, significant capital needs, and regulatory uncertainties. Success hinges on navigating these challenges by optimizing mining efficiency, securing favorable energy contracts, and adapting to market shifts.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings with the U.S. Securities and Exchange Commission (SEC)
- Financial news and market data providers
- Industry analysis reports
Disclaimers:
This information is provided for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Market share data is an estimation and can vary based on reporting methodology.
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 Origin Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2019-08-14 | Chairman of the Board, CEO & COO Mr. Jinghai Jiang | ||
Sector Financial Services | Industry Financial Data & Stock Exchanges | Full time employees 5 | Website https://bitorigin.io |
Full time employees 5 | Website https://bitorigin.io | ||
Bit Origin Ltd engages in the cryptocurrency mining business in the United States. It deploys blockchain technologies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.
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