BIT Mining Limited
BTC Holdings
19
Total P&L
+47.45%
Total profit/loss on Bitcoin holdings
Average Cost per BTC
$77,526
Average price paid for each Bitcoin
Share Price
$2.75
Current trading price per share
Market Cap
$49M
Total market capitalization
Enterprise Value
$4,000M
Market cap plus debt minus cash
NAV Multiple
22.589
Net Asset Value multiplier
BTC / Market Cap
4.4%
Bitcoin holdings as % of market cap
About BIT Mining Limited
BIT Mining Limited, listed on NYSE with the ticker BTCM, is a leading technology-driven cryptocurrency mining company headquartered in Hong Kong. Originally established as a lottery service provider in China, it pivoted to the digital asset space, rebranding to focus on blockchain innovation. Its business model centers on building a diversified crypto ecosystem through synergies in mining and infrastructure. Core operations include self-mining Bitcoin and other cryptocurrencies like DOGE, LTC, BEL, and ETC; providing customer hosting services; operating industrial-scale data centers in the US and Africa utilizing clean energy; and developing advanced mining machines.
BIT Mining employs a Bitcoin treasury strategy, retaining mined Bitcoin as a core reserve asset to diversify its financial portfolio and support operational resilience. This approach aligns with viewing Bitcoin as a foundational element of corporate finance. Beyond treasury management, the company pursues a broader digital asset strategy, expanding into ecosystems like Solana through validator operations and treasury diversification, while fostering multi-cryptocurrency mining to adapt to market evolution.
Led by a management team experienced in technology and finance, BIT Mining maintains a strong global industry presence with significant hash rate contributions and commitments to sustainable practices. Its focus on clean energy and technological collaborations positions it as a key player in the cryptocurrency sector. By integrating diversified mining with innovative expansions, BIT Mining ensures long-term relevance in the digital economy.
Recent Developments
- Dec 31, 2024: Bitcoin holdings increased by 19.00 BTC to 19 BTC with cost basis of $1.5M (BTC @ $93.6K), stock price $2.64
BIT Mining Limited β Bitcoin Holdings Over Time
1y - Present
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BIT Mining Limited β Stock vs BTC Dynamics
1y - Present
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Balance Sheet History