BIT Mining Limited (BTCM) Stock

About BIT Mining Limited

BIT Mining Limited is a global enterprise primarily engaged in cryptocurrency mining, with operations spanning Mainland China, the United States, and Hong Kong. The company's business is organized into two distinct areas: managing Data Centers and actual Cryptocurrency Mining. A key asset is its substantial 82.5-megawatt cryptocurrency mining data center in Ohio, where it also procures and deploys Bitcoin mining machines. Beyond its core mining activities, BIT Mining Limited also diversifies its operations into online gaming and providing various technology services. Founded in 2001, the company was previously known as 500.com Limited until it rebranded to BIT Mining Limited in April 2021. Its corporate headquarters are located in Akron, Ohio.

BIT Mining Limited is headquartered in US.

BIT Mining Limited (BTCM) stock trades at $1.06 with a market capitalization of $1.30B. The stock is valued at a negative price-to-earnings (P/E) ratio of -1.23, reflecting a net loss over the last twelve months, price-to-book of 0.34, price-to-sales of 118.14. Over the past 52 weeks the stock has ranged between $1.06 and $8.07, and currently trades 86.9% below its 52-week high.

On profitability, BIT Mining Limited generates a return on equity (ROE) of -31.69% (negative, reflecting a net loss), return on capital employed of -24.03%, an operating margin of -126.24%, a net profit margin of -126.21%.

Official website: www.btcm.group