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NYSE:BTCM

BIT Mining (BTCM) Stock Price, News & Analysis

$2.79
-0.01 (-0.36%)
(As of 05/28/2024 ET)
Today's Range
$2.73
$2.92
50-Day Range
$1.99
$3.46
52-Week Range
$1.79
$6.95
Volume
85,433 shs
Average Volume
145,095 shs
Market Capitalization
$31.00 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 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.

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
Is Bitcoin Mining Profitable In 2024?
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Today
5/28/2024
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
$-28,710,000.00
Pretax Margin
-58.89%

Debt

Sales & Book Value

Annual Sales
$43.10 million
Book Value
$2.26 per share

Miscellaneous

Free Float
8,926,000
Market Cap
$31.55 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 start of the year. Since then, BTCM shares have decreased by 44.6% and is now trading at $2.79.
View the best growth stocks for 2024 here
.

Are investors shorting BIT Mining?

BIT Mining saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 306,700 shares, a drop of 21.1% from the April 30th total of 388,700 shares. Based on an average daily volume of 137,800 shares, the short-interest ratio is currently 2.2 days. Currently, 2.9% of the shares of the company are sold short.
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) released its quarterly earnings data on Friday, February, 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter. The firm had revenue of $10.41 million for the quarter, compared to the consensus estimate of $77.30 million. BIT Mining had a negative trailing twelve-month return on equity of 32.20% and a negative net margin of 6.16%. During the same period in the prior year, the business posted ($1.92) EPS.

When did BIT Mining's stock split?

BIT Mining's stock 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 closing bell 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 a number of retail and institutional investors. Top institutional investors 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 5/28/2024 by MarketBeat.com Staff

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