BIT Mining (BTCM) Stock Price, News & Analysis

Company Overview

BIT Mining Limited (NYSE: BTCM) is a global digital asset mining company that specializes in the deployment and operation of cryptocurrency mining hardware. The company primarily focuses on the production of newly minted bitcoins and other proof-of-work digital currencies, leveraging high-performance ASIC mining machines. Through its vertically integrated model, BIT Mining oversees the procurement, installation and management of mining equipment, while also providing hosting and colocation services to third-party clients seeking access to its facilities.

Originally founded as a sports lottery operator in China, the company underwent a strategic transformation in recent years to capitalize on the expanding blockchain ecosystem. Following a series of acquisitions and restructuring steps, BIT Mining spun off its core crypto mining assets and formally changed its business focus, listing on the NYSE in 2021 under the ticker BTCM. This pivot reflects broader market trends and the company’s intent to become a leading player in digital asset production.

BIT Mining’s operations span multiple geographies, with data centers located in regions known for low-cost, sustainable energy. Key sites include Inner Mongolia and Sichuan Province in China, where abundant hydroelectric power supports large-scale mining farms, as well as emerging facilities in North America. The company continuously refines its power procurement strategies and infrastructure to optimize energy efficiency and reduce its environmental footprint, while maintaining high uptime and maximum hash rate performance.

The company is governed by an experienced executive team and board of directors with backgrounds in energy management, financial services and blockchain technology. Senior management oversees research and development initiatives aimed at improving mining hardware efficiency, as well as strategic partnerships that expand BIT Mining’s service offerings. Under this leadership, the company remains focused on scaling operations, enhancing technical capabilities and delivering long-term value to shareholders.

Key Stats

• Today's Range: $4.06 to $4.56
• 50-Day Range: $1.82 to $6.38
• 52-Week Range: $1.22 to $8.07
• Volume: 1.90 million shs
• Average Volume: 894,854 shs
• Market Capitalization: $62.09 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Hold

BIT Mining Stock Analysis - MarketRank™

BIT Mining scored higher than 17% of companies evaluated by MarketBeat, and ranked 254th out of 302 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for BIT Mining.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for BIT Mining are expected to decrease in the coming year, from $1.00 to ($1.00) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BIT Mining is -3.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of BIT Mining is -3.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

BIT Mining has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.51% of the float of BIT Mining has been sold short.

Short Interest Ratio / Days to Cover

BIT Mining has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BIT Mining has recently increased by 20.71%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BIT Mining does not currently pay a dividend.

Dividend Growth

BIT Mining does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.51% of the float of BIT Mining has been sold short.

Short Interest Ratio / Days to Cover

BIT Mining has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BIT Mining has recently increased by 20.71%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.23

News Sentiment

BIT Mining has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for BIT Mining this week, compared to 1 article on an average week.

Search Interest

6 people have searched for BTCM on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added BIT Mining to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, BIT Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.68% of the stock of BIT Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.34% of the stock of BIT Mining is held by institutions.

BTCM Stock Analysis - Frequently Asked Questions

How have BTCM shares performed this year?

BIT Mining's stock was trading at $2.52 at the start of the year. Since then, BTCM shares have increased by 63.5% and is now trading at $4.12.

How were BIT Mining's earnings last quarter?

BIT Mining Limited Sponsored ADR (NYSE:BTCM) announced its quarterly earnings results on Friday, February, 28th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business earned $8.79 million during the quarter, compared to analysts' expectations of $16.40 million.

When did BIT Mining's stock split?

Shares of BIT Mining reverse split before market open 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.

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.

What other stocks do shareholders of BIT Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BIT Mining investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Meta Platforms (META), Adobe (ADBE), CymaBay Therapeutics (CBAY) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 2/28/2025
• Today: 7/19/2025
• Next Earnings (Estimated): 8/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Business Services
• Current Symbol: NYSE:BTCM
• CIK: 1517496
• Web: www.500.com
• Phone: (346) 204-8537
• Fax: 86-755-8379-6070
• Employees: 150
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.12
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.70
• Quick Ratio: 1.70

Sales & Book Value

• Annual Sales: $32.92 million
• Price / Sales: 1.89
• Cash Flow: $0.35 per share
• Price / Cash Flow: 11.66
• Book Value: $4.43 per share
• Price / Book: 0.93

Miscellaneous

• Outstanding Shares: 15,070,000
• Free Float: 12,107,000
• Market Cap: $62.09 million
• Optionable: Optionable
• Beta: 3.13