BIT Mining (BTCM) Stock Price, News & Analysis

Company Overview

Bit Mining Limited, listed on the New York Stock Exchange under the ticker BTCM, is a Cayman Islands–registered blockchain technology company focused on the mining of digital assets. The company maintains self-operated mining farms as well as hosting services for third-party miners, leveraging locations in Sichuan Province, China, and Kazakhstan to capitalize on low-cost power resources. Its operations are supported by proprietary mining pools, including CryptoSTAGE, dedicated to optimizing hash-rate efficiency.

Bit Mining designs, manufactures and markets cryptocurrency mining machines, offering both high-performance hardware and comprehensive after-sales support. Beyond equipment sales, the company provides turnkey mining services covering machine installation, maintenance and hosting, allowing clients to outsource the technical and logistical complexities of digital currency mining. This integrated model enables Bit Mining to generate revenue from both product sales and ongoing service fees.

Founded in 2009 under the name 500.com International, the company initially focused on online lottery services before pivoting toward blockchain and digital asset mining in 2020. It completed its rebranding to Bit Mining Limited in April 2021 to underscore its commitment to the expanding cryptocurrency sector. Today, Bit Mining has broadened its global footprint, establishing partnerships and facilities in North America as part of its growth strategy aimed at diversifying geographic exposure.

Bit Mining’s executive team is led by CEO Aijun Zheng, whose leadership has steered the transition from online gaming services to a dedicated focus on blockchain infrastructure. Under his guidance, the company continues to explore strategic ventures that enhance its mining capacity, optimize energy consumption and expand its suite of blockchain-related offerings. Bit Mining remains positioned to capitalize on evolving demand for digital currencies and blockchain solutions worldwide.

Key Stats

• Today's Range: $2.71 to $2.90
• 50-Day Range: $2.25 to $6.38
• 52-Week Range: $1.22 to $8.07
• Volume: 265,212 shs
• Average Volume: 1.30 million shs
• Market Capitalization: $42.05 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 4% of companies evaluated by MarketBeat, and ranked 297th out of 305 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 -2.13, 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 -2.13, 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 0.63. 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

3.68% 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 0.2, 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 58.02%, 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

3.68% 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 0.2, 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 58.02%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

MarketBeat Follows

Only 3 people have added BIT Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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 beginning of the year. Since then, BTCM stock has increased by 10.7% and is now trading at $2.79.

How were BIT Mining's earnings last quarter?

BIT Mining Limited Sponsored ADR (NYSE:BTCM) issued 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?

BIT Mining's stock reverse split on the morning of 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 top institutional shareholders include Group One Trading LLC.

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: 9/10/2025
• 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: 2.66
• 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: 0.99
• Quick Ratio: 1.70

Sales & Book Value

• Annual Sales: $32.92 million
• Price / Sales: 1.22
• Cash Flow: $0.37 per share
• Price / Cash Flow: 7.16
• Book Value: $4.43 per share
• Price / Book: 0.60

Miscellaneous

• Outstanding Shares: 15,070,000
• Free Float: 12,107,000
• Market Cap: $40.01 million
• Optionable: Optionable
• Beta: 3.35