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 Q1 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.

The stock price of BIT Mining Ltd (NYSE: BTCM) increased by over 5% pre-market. This is why it happened.

BTCM Stock Increases Over 5% Pre-Market: Why It Happened

HONGKONG, China, July 23, 2021 /PRNewswire/— BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company"), a leading cryptocurrency mining enterprise, today announced its decision to eliminate its variable interest entity ("VIE") structure and to dispose of its Chinese lottery related business for nil consideration. BIT Mining's consolidated affiliated subsidiaries under the VIE structure (the "VIE subsidiaries"), were primarily engaged in the Company's Chinese lottery related business, which contributed RMB2.7 million (US$0.4 million), or 13.6%, of the Company's total revenue and net loss of RMB9.8 million (US$1.5 million) for the three months ended March 31, 2021.

BIT Mining Announces Removal of VIE Structure and Disposal of Chinese Lottery Business

SHENZHEN, China, July 16, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company") today announced the closing of its previously announced private placement of 100,000,000 Class A ordinary shares and warrants to purchase up to an additional 100,000,000 Class A ordinary shares, at a purchase price of US$5.00 per ten Class A ordinary shares, with one warrant included in the price of each Class A ordinary share. The private placement resulted in gross proceeds to the Company of $50.0 million before the deduction of placement agent fees and expenses and offering expenses payable by the Company.

BIT Mining Announces Closing of US$50.0 Million Private Placement

SHENZHEN, China, July 12, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), today announced that it has entered into securities purchase agreements with certain institutional and accredited investors ("the Investors") to raise US$50 million in a private placement. Under the terms of the private placement, the Company will issue 100,000,000 Class A ordinary shares, and warrants to purchase up to an additional 100,000,000 Class A ordinary shares to the Investors, at a purchase price of US$5.00 per ten Class A ordinary shares, with one warrant included in the price of each Class A ordinary share.

BIT Mining Announces US$50 Million Private Placement

Canaan Inc.

Ebang International Holdings

Grayscale Bitcoin Trust

China Rapid Finance

Chinese companies are working hard to get out of China and reassure their shareholders.

Why Chinese Cryptocurrency Stocks Fell Hard Again Today

SHENZHEN, China, June 21, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company"), a leading cryptocurrency mining enterprise, announced today that it had successfully delivered its first batch of mining machines to Kazakhstan. This first batch consisting of 320 mining machines with a theoretical maximum total hash rate capacity of 18.2 PH/s is expected to be deployed and in operation by June 27, 2021.

BIT Mining Successfully Delivers Mining Machines to Kazakhstan

SHENZHEN, China, June 18, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company"), a leading cryptocurrency mining enterprise, today announced that it has completed its cash offer previously announced on March 31, 2021 to acquire at HK$0.75 per share, all the shares in issue of Loto Interactive Limited, (HKEX: 08198) ("Loto Interactive") other than those already owned or agreed to be acquired by the Company and its parties acting in concert, pursuant to Rule 26.1 of the Hong Kong Code on Takeovers and Mergers (the "Share Offer") and its cash offer for the cancellation of all options of Loto Interactive in accordance with Rule 13.5 of the Hong Kong Code on Takeovers and Mergers (the "Option Offer"). Upon closing of such cash offer, the Company acquired a total of 30,642,534 shares under the Share Offer, and a total of 6,800,000 options under the Option Offer, which will be cancelled.

BIT Mining Completes Cash Offer for Shares of Loto Interactive

Bit Digital, Inc

Why Cryptocurrency Stocks Popped Today

Alpha Pro Tech

Lithia Motors

Lumber Liquidators

New York Times

Virgin Galactic

Tesla

With the market's rumblings producing plenty of red ink, investors should be careful about not buying into a falling knife. The post 7 Falling-Knife Stocks You Don't Want to Catch appeared first on InvestorPlace.

7 Falling-Knife Stocks You Don't Want to Catch

SHENZHEN, China, May 19, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading cryptocurrency mining enterprise, today announced that it has entered into a binding investment term sheet (the "Term Sheet") with Dory Creek, LLC ("Dory Creek"), a wholly-owned subsidiary of Bitdeer, Inc. to invest in a cryptocurrency mining data center in Texas (the "Texas Mining Center").  Pursuant to the Term Sheet, the Company will invest a total amount of US$25.74 million and jointly construct and operate the Texas Mining Center with Dory Creek.

BIT Mining Limited Announces to Invest in a Cryptocurrency Mining Data Center in Texas

500.com

SHENZHEN, China, May 12, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company,"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), announced today that the Company's stock will be added to the MSCI China Small Cap Index, effective as of market close on May 27, 2021. The MSCI China Small Cap Index is an equity index compiled by MSCI Inc. designed to measure the performance of the small cap segment of the China market.

BIT Mining Limited to be Added to the MSCI China Small Cap Index

SHENZHEN, China, May 10, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," "our company," or "our"), a leading cryptocurrency mining enterprise, today reported its unaudited financial results for the first quarter ended March 31, 2021. Cryptocurrency   Business   Progress BIT Mining Limited has completed the transition of its business to an enterprise that covers cryptocurrency mining, mining pool, and data center operation.

BIT Mining Limited Announces Unaudited Financial Results For the First Quarter ended March 31, 2021

SHENZHEN, China, May 7, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2021 before the open of U.S. markets on Monday, May 10, 2021. About BIT Mining Limited BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain.

BIT Mining Limited to Report First Quarter 2021 Financial Results on May 10, 2021

SHENZHEN, China, April 20, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that its American Depositary Shares ("ADSs"), each representing the right to receive ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began trading under the Company's new English name, "BIT Mining Limited", and its new ticker symbol, "BTCM", effective at the opening of trading on the NYSE on Tuesday, April 20, 2021 (U.S. Eastern Daylight Time). Historical trading data of the Company's ADSs prior to April 20, 2021 may not yet be available on certain third-party websites and apps when searching for "BIT Mining Limited" and/or "BTCM", in which case such data may temporarily be found under "500.com Limited" and/or "WBAI".

BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol

News for BIT Mining Limited Stock (BTCM)