BTCM
BIT MiningBTCM
BTCM
About: BIT Mining Ltd is a cryptocurrency mining company, with a long-term plan to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has a significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.
Employees: 75
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8,000% more call options, than puts
Call options by funds: $162K | Put options by funds: $2K
44% more funds holding
Funds holding: 9 [Q2] → 13 (+4) [Q3]
0% more ownership
Funds ownership: 0.03% [Q2] → 0.04% (+0%) [Q3]
1% less capital invested
Capital invested by funds: $1.07M [Q2] → $1.05M (-$13.9K) [Q3]
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Research analyst outlook
We haven’t received any recent analyst ratings for BTCM.
Financial journalist opinion
Based on 4 articles about BTCM published over the past 30 days
Neutral
PRNewsWire
3 days ago
BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards
AKRON, Ohio , Dec. 18, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it received a letter (the "Letter") from the New York Stock Exchange (the "NYSE"), dated December 17, 2024, notifying the Company that it has regained compliance with the NYSE's quantitative continued listing standards. On June 9, 2023, the Company was notified by the NYSE that it was not in compliance with the NYSE's minimum market capitalization and shareholders' equity requirement (the "Market Cap and Equity Requirement") of Section 802.01B of the NYSE Listed Company Manual because its average total market capitalization over a consecutive 30 trading-day period and last reported stockholders' equity were both below $50 million.
Neutral
PRNewsWire
1 week ago
BIT Mining Limited to Hold Annual General Meeting on January 7, 2025
AKRON, Ohio , Dec. 10, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it will hold its annual general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on January 7, 2025 at 10:00 a.m., New York time.
Neutral
PRNewsWire
1 week ago
BIT Mining Completed the First Phase of Acquisition in Ethiopia
AKRON, Ohio , Dec. 9, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has completed the first phase of previously-announced acquisition of crypto mining data centers and Bitcoin ("BTC") mining machines in Ethiopia. To complete the first phase of the acquisition, the Company has made a cash payment of US$2.265 million and issued an aggregate number of 369,031,800 Class A ordinary shares to the sellers in exchange for a 35-megawatt operational and electrified crypto mining data center and 17,869 BTC mining machines.
Neutral
PRNewsWire
2 weeks ago
BIT Mining to Acquire Ethiopian Mining Data Centers and Mining Machines
AKRON, Ohio , Dec. 3, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a definitive agreement (the "Agreement") to acquire 51-megawatt crypto mining data centers in Ethiopia (the "Data Centers") and 17,869 high-quality Bitcoin ("BTC") mining machines (the "BTC Mining Machines"). Under the Agreement, the Company will indirectly acquire the Data Centers and BTC Mining Machines for a total consideration of US$14.28 million.
Neutral
Newsfile Corp
1 month ago
SEC Charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliament
Washington, D.C.--(Newsfile Corp. - November 18, 2024) - The Securities and Exchange Commission today announced that BIT Mining Ltd.
Negative
GuruFocus
2 months ago
BTCM Stock Dips 5.60% Amid Market Volatility
Bit Mining (BTCM, Financial) experienced a significant drop in its stock price, plummeting 5.60% to $2.19 per share. The stock saw a trading volume of 29,727 shares, with a turnover rate of 0.27% and an amplitude of 6.90%.
Neutral
PRNewsWire
9 months ago
BIT Mining Limited Completes Sale of its Mining Pool Business
AKRON, Ohio , March 4, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the closing and completion of its previously announced sale of its entire mining pool business operated under BTC.com (the "Business") to Esport – Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million (the "Consideration"). The Business has been transferred to Esport – Win Limited.
Neutral
PRNewsWire
9 months ago
BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023
AKRON, Ohio , Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023. On December 28, 2023, the Company entered into an agreement with Esport – Win Limited, a Hong Kong limited liability company, to sell its entire mining pool business for a total consideration of US$5 million.
Neutral
PRNewsWire
10 months ago
BIT Mining Limited to Report Fourth Quarter and Full Year 2023 Financial Results on February 23, 2024
AKRON, Ohio , Feb. 8, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023, after the U.S. market close on Friday, February 23, 2024. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing.
Neutral
PRNewsWire
11 months ago
BIT Mining Limited Agrees to Sell its Mining Pool Business
AKRON, Ohio , Dec. 29, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it has agreed to sell its entire mining pool business operated under BTC.com (the "Business") to Esport – Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million. The sale of the Business is expected to result in an increase of approximately US$16 million in the total shareholders' equity of BIT Mining, since the Business has approximately US$11 million in cryptocurrency net liability.
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