BTCM

BIT Mining
BTCM

$1.98

6.6%

Market Cap: $22M

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 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3,325% more call options, than puts

Call options by funds: $274K | Put options by funds: $8K

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

29% more funds holding

Funds holding: 7 [Q1] → 9 (+2) [Q2]

0% more ownership

Funds ownership: 0.03% [Q1] → 0.03% (+0%) [Q2]

16% less capital invested

Capital invested by funds: $1.27M [Q1] → $1.06M (-$205K) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for BTCM.

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Financial journalist opinion

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.

BIT Mining Limited Completes Sale of its Mining Pool Business

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.

BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023

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.

BIT Mining Limited to Report Fourth Quarter and Full Year 2023 Financial Results on February 23, 2024

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.

BIT Mining Limited Agrees to Sell its Mining Pool Business

BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2023

AKRON, Ohio , Nov. 17, 2023 /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 third quarter ended September 30, 2023. Cryptocurrency Business Progress BIT Mining has four primary business segments: self-mining, mining pool, data center operation, and mining machine manufacturing.

BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2023

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