NYSE:BTCM

BIT Mining - BTCM Stock Forecast, Price & News

$0.30

+0.01 (+3.47%)

(As of 09/28/2022 12:00 AM ET)

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Today's Range: $0.28
▼
$0.30
50-Day Range: $0.26
▼
$0.80
52-Week Range: $0.26
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$10.60

Volume: 433,557 shs
Average Volume: 955,054 shs
Market Capitalization: $31.56 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

About BIT Mining

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 150 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 headquartered in Hong Kong.

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BTCM Stock News Headlines

September 27, 2022 | americanbankingnews.com

Financial Analysis: BIT Mining (NYSE:BTCM) vs. Autohome (NYSE:ATHM)

September 24, 2022 | finance.yahoo.com

BIT Mining Limited (BTCM)

September 22, 2022 | msn.com

Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market

September 21, 2022 | americanbankingnews.com

BIT Mining Limited (NYSE:BTCM) Short Interest Update

September 18, 2022 | msn.com

The 6 Best Bitcoin Mining Software

September 9, 2022 | seekingalpha.com

BIT Mining Limited: Down 95% YTD, This One Is NGMI

September 9, 2022 | msn.com

Bitcoin Miner CleanSpark to Buy Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M

August 19, 2022 | finance.yahoo.com

BIT Mining Shares Drop As Q2 Revenue Halves On Declining Cryptocurrency Prices

August 19, 2022 | finance.yahoo.com

BIT Mining Limited Announces Unaudited Financial Results for the Second Quarter ended June 30, 2022

August 19, 2022 | finance.yahoo.com

BIT Mining Announces Closing of US$9.3 Million Registered Direct Offering

August 16, 2022 | finance.yahoo.com

BIT Mining Announces US$9.3 Million Registered Direct Offering

August 5, 2022 | finance.yahoo.com

BIT Mining Limited Receives Notice Regarding NYSE Continued Listing Standards

July 26, 2022 | msn.com

Why This Bitcoin Mining Stock Is a Bargain Buy

July 26, 2022 | finance.yahoo.com

BIT Mining Completes Sale of Shares of Loto Interactive Limited

July 12, 2022 | finance.yahoo.com

BIT Mining Announces Sale of Shares of Loto Interactive Limited

June 27, 2022 | apnews.com

Best Bitcoin Cloud Mining Sites to Mine Popular Crypto

June 23, 2022 | finance.yahoo.com

BIT Mining Announces US$16 Million Registered Direct Offering

June 13, 2022 | finance.yahoo.com

BIT Mining Filed 2021 Annual Report on Form 20-F

May 31, 2022 | finance.yahoo.com

Co-owner of Akron crypto mine begins closing acquisition of mining machine maker

May 31, 2022 | finance.yahoo.com

BIT Mining Announces First Closing of Bee Computing Acquisition

May 29, 2022 | uk.investing.com

BIT Mining Limited Reports Q1 Revenue of $296.7M, Net Income of $1.2M

May 27, 2022 | finance.yahoo.com

BIT Mining Limited Announces Unaudited Financial Results for the First Quarter ended March 31, 2022

May 23, 2022 | msn.com

Bitcoin mining: Despite the crackdown, China is back as the second-largest miner

May 22, 2022 | markets.businessinsider.com

China Can’t Seem to Stop Bitcoin Mining

May 20, 2022 | nasdaq.com

Why a Massive Divergence Has Been Building in Crypto Mining Stocks This Week

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BTCM Company Calendar

Last Earnings: 8/19/2022
Today: 9/28/2022
Next Earnings (Estimated): 11/17/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:BTCM
CUSIP: N/A
CIK: 1517496
Web: www.500.com
Phone: (525) 987-5938
Fax: 86-755-8379-6070
Employees: 2,020
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.98)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-60,520,000.00
Net Margins: -4.97%
Pretax Margin: -5.68%
Return on Equity: -31.23%
Return on Assets: -22.35%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.60
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $1.33 billion
Price / Sales: 0.02
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.92 per share
Price / Book: 0.10

Miscellaneous

Outstanding Shares: 105,754,000
Free Float: 84,942,000
Market Cap: $31.56 million
Optionable: Optionable
Beta: 2.57

Key Executives

Mr. Man San Law (Age 54)
Exec. Director

Mr. Bo Yu (Age 54)
COO, Gen. Counsel & Chairman

Mr. Xianfeng Yang (Age 53)
Chief Exec. Officer

Mr. Yuan Qiang (Age 48)
Chief Financial Officer

Danni Zheng
VP & Investment Director

Ellen Chiu
Sr. IR Director

Xiaoni Meng
VP & CEO of BTC.com

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BTCM Stock - Frequently Asked Questions

How have BTCM shares performed in 2022?: BIT Mining's stock was trading at $6.14 on January 1st, 2022. Since then, BTCM shares have decreased by 95.1% and is now trading at $0.2984.
View the best growth stocks for 2022 here.
Are investors shorting BIT Mining?: BIT Mining saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,320,000 shares, a decrease of 9.0% from the August 31st total of 1,450,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is currently 0.9 days. Currently, 1.3% 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 Thursday, November 17th 2022.
View our BTCM earnings forecast.
How were BIT Mining's earnings last quarter?: BIT Mining Limited (NYSE:BTCM) announced its earnings results on Friday, August, 19th. The company reported ($0.29) EPS for the quarter. The firm earned $195.52 million during the quarter. BIT Mining had a negative trailing twelve-month return on equity of 31.23% and a negative net margin of 4.97%.

What is BIT Mining's stock symbol?: BIT Mining trades on the New York Stock Exchange (NYSE) under the ticker symbol "BTCM."
Who are BIT Mining's major shareholders?: BIT Mining's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (1.50%), Renaissance Technologies LLC (0.73%), Van ECK Associates Corp (0.62%), Millennium Management LLC (0.19%), Jane Street Group LLC (0.17%) and State Street Corp (0.12%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is BIT Mining's stock price today?: One share of BTCM stock can currently be purchased for approximately $0.30.
How much money does BIT Mining make?: BIT Mining (NYSE:BTCM) has a market capitalization of $31.56 million and generates $1.33 billion in revenue each year. The company earns $-60,520,000.00 in net income (profit) each year or ($0.98) on an earnings per share basis.
How many employees does BIT Mining have?: The company employs 2,020 workers across the globe.
How can I contact BIT Mining?: BIT Mining's mailing address is 12F WEST SIDE BLOCK B BUILDING NO. 7 SHENZHEN BAY ECO-TECHNOLOGY PARK, SHENZHEN F4, 518115. The official website for the company is www.500.com. The company can be reached via phone at (525) 987-5938, via email at ir@500wan.com, or via fax at 86-755-8379-6070.

This page (NYSE:BTCM) was last updated on 9/28/2022 by MarketBeat.com Staff

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