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 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
359% more call options, than puts
Call options by funds: $78K | Put options by funds: $17K
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
35% more capital invested
Capital invested by funds: $1.05M [Q3] → $1.41M (+$363K) [Q4]
8% more funds holding
Funds holding: 13 [Q3] → 14 (+1) [Q4]
0.01% more ownership
Funds ownership: 0.04% [Q3] → 0.04% (+0.01%) [Q4]
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
Neutral
PRNewsWire
1 week ago
BIT Mining Announces March 2025 Production and Operations Updates
AKRON, Ohio, April 10, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today released its monthly mining production and operational updates for March 2025. Mining Production and Operations Highlights: In March, BIT Mining produced a total of 41.55 Bitcoin (BTC), consisting of 34.96 BTC for hosted clients and 6.59 BTC self-mined.
Neutral
PRNewsWire
3 weeks ago
BIT Mining Announces February 2025 Production and Operations Updates
AKRON, Ohio , March 27, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company" or "BTCM"), a leading technology-driven cryptocurrency mining company, today reported its monthly mining production and other operational updates for the month of February 2025. Mining Production and Operations Updates : In February, BIT Mining produced a total of 42.56 Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined.
Positive
Zacks Investment Research
1 month ago
BIT Mining Limited (BTCM) Moves to Buy: Rationale Behind the Upgrade
BIT Mining Limited (BTCM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
PRNewsWire
1 month ago
BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2024
AKRON, Ohio , Feb. 28, 2025 /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, 2024. On December 9, 2024, the Company completed the first closing of acquisition of cryptocurrency mining data centers and Bitcoin ("BTC") mining machines in Ethiopia.
Neutral
PRNewsWire
1 month ago
BIT Mining Limited to Report Fourth Quarter and Full Year 2024 Financial Results on February 28, 2025
AKRON, Ohio , Feb. 25, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "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, 2024, after the U.S. market close on Friday, February 28, 2025. About BIT Mining 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
3 months ago
BIT Mining Limited Announces Results of Annual General Meeting
AKRON, Ohio , Jan. 8, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced the results of its annual general meeting of shareholders (the "AGM") held on January 7, 2025. At the AGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$440,000 divided into 8,399,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 6,800,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.
Neutral
PRNewsWire
4 months 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
4 months 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
4 months 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
4 months 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.
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