Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
BIT Mining Ltd (BTCM)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: BTCM (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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -54.69% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 28.21M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 34671 | Beta 2.62 | 52 Weeks Range 1.65 - 4.27 | Updated Date 04/2/2025 |
52 Weeks Range 1.65 - 4.27 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 36.67% | Operating Margin (TTM) -49.92% |
Management Effectiveness
Return on Assets (TTM) -8.92% | Return on Equity (TTM) -14.45% |
Valuation
Trailing PE - | Forward PE 270.27 | Enterprise Value 28953052 | Price to Sales(TTM) 0.86 |
Enterprise Value 28953052 | Price to Sales(TTM) 0.86 | ||
Enterprise Value to Revenue 0.88 | Enterprise Value to EBITDA -2.66 | Shares Outstanding 15954000 | Shares Floating 1435907862 |
Shares Outstanding 15954000 | Shares Floating 1435907862 | ||
Percent Insiders 2.44 | Percent Institutions 3.23 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
BIT Mining Ltd
Company Overview
History and Background
BIT Mining Ltd (formerly known as 500.com Limited) was founded in 2001. Initially, it was an online sports lottery service provider in China. Due to regulatory changes impacting the lottery business in China, the company shifted its focus to the cryptocurrency mining industry in 2020.
Core Business Areas
- Mining Pool: Operates a cryptocurrency mining pool, connecting miners and distributing rewards. Focuses on Bitcoin and potentially other cryptocurrencies.
- Mining Data Centers: Develops and operates cryptocurrency mining data centers, providing infrastructure for mining operations.
- Mining Hardware: Engaged in the design, manufacture and sales of mining hardware.
Leadership and Structure
The leadership team consists of executives with experience in technology, finance, and the cryptocurrency industry. Organizational structure is typical of a company operating in the mining and technology space.
Top Products and Market Share
Key Offerings
- BTC.com Mining Pool: A cryptocurrency mining pool facilitating Bitcoin mining. Market share data is dynamic and fluctuates. Competitors include Poolin, F2Pool, AntPool, and ViaBTC.
- Mining Data Centers: Infrastructure facilities hosting mining equipment. No readily available market share data. Competitors include Core Scientific, Marathon Digital Holdings, and Riot Platforms.
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly competitive and volatile, impacted by cryptocurrency prices, regulatory changes, and technological advancements. The industry is also energy-intensive and faces scrutiny related to environmental impact.
Positioning
BIT Mining Ltd is a player in the mining pool and data center segments of the cryptocurrency mining industry. They aim to provide efficient and compliant mining services.
Total Addressable Market (TAM)
The global cryptocurrency mining market is projected to reach hundreds of billions of dollars. BIT Mining Ltd aims to capture a portion of this market by providing competitive mining services.
Upturn SWOT Analysis
Strengths
- Mining pool operation experience
- Data center infrastructure
- Diversified revenue streams (pool fees, hardware sales)
Weaknesses
- Reliance on cryptocurrency prices
- High energy consumption
- Regulatory risks in various jurisdictions
- Past association with online lottery business in China which may create lingering negative perceptions
Opportunities
- Expansion of data center capacity
- Diversification into new cryptocurrencies
- Development of energy-efficient mining technologies
- Global expansion to regions with favorable regulations and energy costs
Threats
- Cryptocurrency price volatility
- Increasing mining difficulty
- Regulatory crackdowns on cryptocurrency mining
- Competition from larger mining operations
- Environmental concerns and pressure to use renewable energy
Competitors and Market Share
Key Competitors
- CLSK
- MARA
- HUT
- RIOT
- CORZ
Competitive Landscape
BIT Mining Ltd faces competition from larger, more established mining companies. Their competitive advantages may include technological innovation and cost efficiency.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by expansion into cryptocurrency mining.
Future Projections: Future growth is contingent on cryptocurrency prices, mining efficiency, and regulatory developments.
Recent Initiatives: Recent initiatives likely involve expanding data center capacity and optimizing mining operations.
Summary
BIT Mining Ltd is a cryptocurrency mining company navigating a volatile market. While they possess strengths in mining pool operation and data center infrastructure, they face challenges related to cryptocurrency price volatility and regulatory risks. Future success depends on managing these risks and capitalizing on opportunities for growth and diversification. Their limited market share and dependence on crypto prices pose significant concerns.
Similar Companies
CLSK
CleanSpark Inc
CLSK
CleanSpark Inc
CORZ
Core Scientific, Inc. Common Stock
CORZ
Core Scientific, Inc. Common Stock
HUT
Hut 8 Corp. Common Stock
HUT
Hut 8 Corp. Common Stock
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
RIOT
Riot Blockchain Inc
RIOT
Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company filings, industry reports, news articles, analyst reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. The cryptocurrency mining industry is highly volatile, and past performance is not indicative of future results.
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 Mining Ltd
Exchange NYSE | Headquaters Akron, OH, United States | ||
IPO Launch date 2013-11-22 | CEO - | ||
Sector Technology | Industry Information Technology Services | Full time employees - | Website https://www.btcm.group |
Full time employees - | Website https://www.btcm.group | ||
BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines. In addition, it engages in online gaming activities; and provision of technology services. 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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.