NYSE:BTCM

BIT Mining (BTCM) Stock Price, News & Analysis

$2.55
+0.15 (+6.25%)
(As of 05/17/2024 ET)
Today's Range
$2.39
$2.65
50-Day Range
$1.99
$3.46
52-Week Range
$1.79
$6.95
Volume
130,809 shs
Average Volume
143,600 shs
Market Capitalization
$28.33 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
BTCM stock logo

About BIT Mining Stock (NYSE:BTCM)

BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines. 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.

BTCM Stock Price History

BTCM Stock News Headlines

BIT Mining Ltd ADR
BTCM Apr 2024 7.000 call
BIT Mining's Earnings Outlook
BTCM Mar 2024 5.000 call
BTCM Mar 2024 9.000 call
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Today
5/19/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
74
Year Founded
N/A

Profitability

Net Income
$-14,430,000.00
Pretax Margin
-25.67%

Debt

Sales & Book Value

Annual Sales
$43.10 million
Book Value
$3.55 per share

Miscellaneous

Free Float
8,926,000
Market Cap
$28.33 million
Optionable
Optionable
Beta
2.58
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Key Executives

  • Mr. Man San Law (Age 56)
    Executive Director
  • Mr. Bo Yu (Age 56)
    COO, General Counsel & Chairman of the Board
  • Mr. Xianfeng Yang (Age 55)
    Chief Executive Officer
  • Mr. Yuan Qiang (Age 50)
    Chief Financial Officer
  • Danni Zheng
    Vice President & Investment Director
  • Ellen Chiu
    Senior IR Director

BTCM Stock Analysis - Frequently Asked Questions

How have BTCM shares performed in 2024?

BIT Mining's stock was trading at $5.04 at the beginning of the year. Since then, BTCM shares have decreased by 49.4% and is now trading at $2.55.
View the best growth stocks for 2024 here
.

Are investors shorting BIT Mining?

BIT Mining saw a increase in short interest in April. As of April 30th, there was short interest totaling 388,700 shares, an increase of 5.3% from the April 15th total of 369,300 shares. Based on an average trading volume of 146,900 shares, the short-interest ratio is presently 2.6 days. Approximately 3.6% of the shares of the company are short sold.
View BIT Mining's Short Interest
.

When is BIT Mining's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our BTCM earnings forecast
.

How were BIT Mining's earnings last quarter?

BIT Mining Limited (NYSE:BTCM) posted its quarterly earnings results on Friday, February, 23rd. The company reported ($0.39) EPS for the quarter. The business earned $10.41 million during the quarter, compared to analysts' expectations of $77.30 million. BIT Mining had a negative net margin of 6.16% and a negative trailing twelve-month return on equity of 29.63%. During the same period in the previous year, the business earned ($1.92) EPS.

When did BIT Mining's stock split?

BIT Mining shares reverse split on Friday, December 23rd 2022. The 1-10 reverse split was announced on Friday, December 23rd 2022. The number of shares owned by shareholders was adjusted after the market closes on Friday, December 23rd 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are BIT Mining's major shareholders?

BIT Mining's stock is owned by many different institutional and retail investors. Top institutional shareholders include Concourse Financial Group Securities Inc. (0.00%).

How do I buy shares of BIT Mining?

Shares of BTCM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BTCM) was last updated on 5/19/2024 by MarketBeat.com Staff

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