BIT Mining Limited

πŸ‡ΊπŸ‡ΈUnited States
BTCM
@BITMining_BTCMWebsite

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
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Dec 31, 2024
β‚Ώ19
19
$1.5M$93,595$2.64