BIT Mining Limited

BIT Mining Ltd. operates as a cryptocurrency mining enterprise. Its business covers cryptocurrency mining, pool, machine manufacturing, and data center operation. The company utilizes cryptocurrency mining machines and hydroelectric cryptocurrency mines, the sole purpose of which is to mine bitcoin. It also owns the mining pool business operated under BTC.com, including the domain name and wallet. The company was founded by Man San Law in 2001 and is headquartered in Hong Kong.

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q2 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

BIT Mining Ltd. engages in cryptocurrency mining, data center operation, and mining machine manufacturing. It operates through the following segments: Data Center, Cryptocurrency Mining, and Others. The company was founded by Man San Law in 2001 and is headquartered in Akron, OH.

Bit Mining (BTCM, Financial) experienced a significant drop in its stock price, plummeting 5.60% to $2.19 per share. The stock saw a trading volume of 29,727 shares, with a turnover rate of 0.27% and an amplitude of 6.90%.

BTCM Stock Dips 5.60% Amid Market Volatility

AKRON, Ohio , March 4, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the closing and completion of its previously announced sale of its entire mining pool business operated under BTC.com (the "Business") to Esport – Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million (the "Consideration"). The Business has been transferred to Esport – Win Limited.

BIT Mining Limited Completes Sale of its Mining Pool Business

AKRON, Ohio , Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023. On December 28, 2023, the Company entered into an agreement with Esport – Win Limited, a Hong Kong limited liability company, to sell its entire mining pool business for a total consideration of US$5 million.

BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023

AKRON, Ohio , Feb. 8, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023, after the U.S. market close on Friday, February 23, 2024. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing.

BIT Mining Limited to Report Fourth Quarter and Full Year 2023 Financial Results on February 23, 2024

AKRON, Ohio , Dec. 29, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it has agreed to sell its entire mining pool business operated under BTC.com (the "Business") to Esport – Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million. The sale of the Business is expected to result in an increase of approximately US$16 million in the total shareholders' equity of BIT Mining, since the Business has approximately US$11 million in cryptocurrency net liability.

BIT Mining Limited Agrees to Sell its Mining Pool Business

AKRON, Ohio , Nov. 17, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the third quarter ended September 30, 2023. Cryptocurrency Business Progress BIT Mining has four primary business segments: self-mining, mining pool, data center operation, and mining machine manufacturing.

BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2023

AKRON, Ohio, Nov. 10, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2023, after the U.S. market close on Friday, November 17, 2023. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining Limited to Report Third Quarter 2023 Financial Results on November 17, 2023

AKRON, Ohio, Aug. 18, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the second quarter ended June 30, 2023. Cryptocurrency Business Progress BIT Mining has four primary business segments: self-mining, mining pool, data center operation, and mining machine manufacturing.

BIT Mining Limited Announces Unaudited Financial Results for the Second Quarter ended June 30, 2023

AKRON, Ohio , Aug. 11, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the second quarter ended June 30, 2023, after the U.S. market close on Friday, August 18, 2023. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining Limited to Report Second Quarter 2023 Financial Results on August 18, 2023

AKRON, Ohio , July 7, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated June 9, 2023, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of June 8, 2023, the Company's (i) average total market capitalization was less than $50 million over a consecutive 30 trading-day period, and (ii) last reported stockholders' equity as of March 31, 2023 was less than $50 million. In accordance with procedures in the NYSE's Listed Company Manual, the Company has 90 days following its receipt of the notice to submit a business plan to the NYSE that demonstrates how the Company intends to regain compliance with the Market Cap and Equity Criteria within 18 months of receipt of the notice.

BIT Mining Limited Receives Notice Regarding NYSE Continued Listing Standards

CleanSpark

Riot Blockchain

Bitcoin had been moving higher this week until ADP's June jobs data and the Federal Reserve's June meeting minutes came out recently. CleanSpark announced this week that it mined 491 Bitcoin tokens in June.

Why CleanSpark, Riot Platforms, and BIT Mining Limited Are Rising This Week

AKRON, Ohio , May 30, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the first quarter ended March 31, 2023. Cryptocurrency Business Progress BIT Mining has four primary business segments covering self-mining, mining pool, data center operation and mining machine manufacturing.

BIT Mining Limited Announces Unaudited Financial Results for the First Quarter ended March 31, 2023

AKRON, Ohio , May 26, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2023, after the U.S. market close on Tuesday, May 30, 2023. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining Limited to Report First Quarter 2023 Financial Results on May 30, 2023

BIT Mining is Designing Systems for Next-Generation of Miners Based on Chain Reaction's Cutting-Edge EL3CTRUM ASIC s AKRON, Ohio , May 19, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a collaboration with Chain Reaction , a semiconductor company focused on disruptive blockchain and privacy hardware, to produce next-generation systems for bitcoin mining. The systems, expected to launch later this year, will be based on Chain Reaction's EL3CTRUM ASIC solution.

BIT Mining and Chain Reaction Form Collaboration for Bitcoin Hashing Systems

BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on ­April 17, 2023. The annual report can be accessed on the SEC's website at http://www.sec.gov, as well as on the Company's investor relations website at ir.btcm.group.

BIT Mining Limited Filed 2022 Annual Report on Form 20-F

AKRON, Ohio , April 14, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the resignation of Ms. Angel Yan Ki Wong from the Company's Board of Directors (the "Board") due to personal reasons, effective April 17, 2023.

BIT Mining Limited Announces Changes to Board of Directors

AKRON, Ohio , April 14, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that on April 10, 2023 the Audit Committee (the "Audit Committee") of the Board of Directors of the Company, after consulting with management and the Company's independent registered accounting firm, MaloneBailey, LLP (the "Auditors"), determined that the Company's accounting policy for cryptocurrency assets was not in compliance with applicable guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 350 – Intangible Assets Goodwill and Other ("ASC 350"), and concluded that such accounting policy represents an error that was not material to the Company's previously issued financial statements, as further described below. The Company intends to correct the error, and relevant revisions will be reflected in the Company's forthcoming Annual Report on Form 20-F for the year ended December 31, 2022 (the "2022 Annual Report"), as further described below.

BIT Mining Announces Forthcoming Revision of Previously Issued Financial Statements

AKRON, Ohio , March 15, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that the Company entered into a share sale and purchase agreement (the "Sale and Purchase Agreement") with an unaffiliated third party (the "Buyer"), pursuant to which the Company agreed to sell, and the Buyer agreed to purchase, all of the Company's remaining share ownership in Crypto Flow Technology Limited ("Crypto Flow"), previously known as Loto Interactive Limited, namely, 48,195,605 shares of Crypto Flow, representing approximately 8.79% of the total issued share capital of Crypto Flow, at the price of HK$0.38 per share (the "Sale Price") for the total consideration of HK$18,314,330 (the "Transaction"). The Transaction and its terms are subject to satisfaction of the conditions set out in the Sale and Purchase Agreement, including by relevant regulatory authorities.

BIT Mining Announces Sale of Remaining Shares of Crypto Flow Technology Limited

AKRON, Ohio , Feb. 17, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2022. Cryptocurrency Business Progress BIT Mining has four primary business segments covering self-mining, mining pool, data center operation and mining machine manufacturing.

BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2022

AKRON, Ohio , Feb. 9, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2022, before the U.S. market open on Friday, February 17, 2023. About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry.

BIT Mining Limited to Report Fourth Quarter and Full Year 2022 Financial Results on February 17, 2023

AKRON, Ohio , Feb. 2, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it has received a letter from the New York Stock Exchange (the "NYSE"), dated January 31, 2023, notifying the Company that it has regained compliance with the NYSE's continued listing standards. On July 29, 2022, the NYSE notified the Company that it was not in compliance with the NYSE's continued listing standards because, as of July 28, 2022, the average closing price of the Company's American Depositary Shares (the "ADSs") was less than US$1.00 per ADS over a consecutive 30 trading-day period.

BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

AKRON, Ohio , Dec. 26, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that the Company's subsidiary, BTC.com, experienced a cyberattack on December 3, 2022. In the cyberattack, certain digital assets were stolen, including approximately US$700,000 in asset value owned by BTC.com's clients, and approximately US$2.3 million in asset value owned by the Company.

BIT Mining Limited Subsidiary Experiences Cyberattack

AKRON, Ohio , Dec. 12, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.00005 per share, from the current ADS Ratio of one (1) ADS to ten (10) Class A ordinary shares, to a new ADS Ratio of one (1) ADS to one hundred (100) Class A ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about December 23, 2022.

BIT Mining Limited Announces Plan to Implement ADS Ratio Change

AKRON, Ohio , Nov. 23, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced that it will hold its annual general meeting of shareholders at 800 N High St  #03-102 , Columbus, Ohio, US on December 26, 2022 at 11:00 a.m., New York Time.

BIT Mining Limited to Hold Annual General Meeting on December 26, 2022

AKRON, Ohio , Nov. 17, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the third quarter ended September 30, 2022. Cryptocurrency Business Progress BIT Mining has four primary business segments covering self-mining, mining pool, data center operation and mining machine manufacturing.

News for BIT Mining Limited Stock (BTCM)