See more : Shanghai Huafon Aluminium Corporation (601702.SS) Income Statement Analysis – Financial Results
Complete financial analysis of BIT Mining Limited (BTCM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of BIT Mining Limited, a leading company in the Information Technology Services industry within the Technology sector.
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BIT Mining Limited (BTCM)
About BIT Mining Limited
BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 150 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43.10M | 650.23M | 1.33B | 3.34M | 5.67M | 18.33M | 19.76M | 1.57M | 15.33M | 93.46M | 42.83M | 27.48M | 36.97M | 23.73M |
| Cost of Revenue | 40.06M | 669.72M | 1.33B | 2.57M | 8.49M | 11.63M | 8.13M | 2.04M | 3.75M | 8.69M | 4.59M | 2.96M | 3.89M | 3.32M |
| Gross Profit | 3.05M | -19.49M | 1.61M | 771.59K | -2.82M | 6.70M | 11.62M | -462.71K | 11.58M | 84.77M | 38.24M | 24.52M | 33.08M | 20.40M |
| Gross Profit Ratio | 7.07% | -3.00% | 0.12% | 23.11% | -49.69% | 36.54% | 58.84% | -29.40% | 75.54% | 90.70% | 89.28% | 89.23% | 89.49% | 85.99% |
| Research & Development | 874.00K | 3.67M | 3.16M | 30.20M | 48.61M | 61.91M | 68.34M | 71.60M | 63.30M | 59.40M | 28.69M | 26.57M | 19.57M | 9.30M |
| General & Administrative | 18.47M | 22.79M | 25.76M | 27.97M | 37.73M | 45.54M | 49.84M | 45.50M | 45.52M | 34.77M | 16.81M | 13.51M | 19.34M | 6.57M |
| Selling & Marketing | 153.00K | 633.00K | 951.00K | 2.56M | 6.07M | 13.44M | 11.79M | 6.47M | 13.40M | 28.03M | 13.96M | 7.34M | 8.35M | 2.15M |
| SG&A | 18.62M | 23.42M | 26.71M | 30.53M | 43.80M | 58.99M | 61.64M | 51.97M | 58.93M | 62.81M | 30.77M | 20.85M | 27.69M | 8.72M |
| Other Expenses | 8.75M | 4.86M | 12.65M | -30.76M | -49.09M | -6.25K | 125.75K | -82.43M | -69.25M | -75.93M | -43.36M | -31.19M | -27.50M | -13.43M |
| Operating Expenses | 28.24M | 31.94M | 42.51M | 29.97M | 43.32M | 56.78M | 65.37M | 51.85M | 58.01M | 60.14M | 28.35M | 20.11M | 26.43M | 8.09M |
| Cost & Expenses | 68.29M | 701.66M | 1.37B | 32.54M | 51.81M | 68.41M | 73.50M | 53.88M | 61.76M | 68.83M | 32.94M | 23.07M | 30.31M | 11.42M |
| Interest Income | 242.00K | 150.00K | 56.00K | 1.39M | 1.92M | 2.23M | 3.15M | 3.44M | 3.17M | 2.74M | 339.59K | 181.36K | 38.66K | 15.38K |
| Interest Expense | 0.00 | 218.00K | 775.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 329.34K | 57.39K | 892.21K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 12.57M | 34.77M | 21.55M | 7.75M | 11.30M | 9.30M | 6.05M | 2.84M | 1.78M | 1.66M | 1.40M | 165.34K | 607.80K | 518.95K |
| EBITDA | -12.82M | 590.00K | 300.00K | -15.60M | -64.49M | 12.64M | 1.20M | 2.73M | 6.91M | 28.32M | 14.56M | 5.60M | 7.30M | 12.83M |
| EBITDA Ratio | -29.74% | -6.47% | -2.71% | -723.31% | 2.89% | -156.55% | -257.07% | -3,109.29% | -282.49% | 29.28% | 23.88% | 20.38% | 19.75% | 54.07% |
| Operating Income | -25.19M | -182.86M | -40.91M | -29.20M | -11.13M | -71.87M | -53.74M | -52.31M | -46.43M | 24.10M | 9.89M | 3.38M | 6.65M | 12.31M |
| Operating Income Ratio | -58.45% | -28.12% | -3.08% | -874.59% | -196.30% | -392.09% | -272.01% | -3,323.90% | -302.76% | 25.79% | 23.09% | 12.31% | 18.00% | 51.88% |
| Total Other Income/Expenses | -191.00K | -159.02M | -64.23M | -6.37M | -1.98M | -84.06M | -54.12M | -32.66M | -50.39M | 9.19M | -9.65M | 181.36K | 38.66K | 15.38K |
| Income Before Tax | -25.38M | -172.64M | -61.75M | -34.40M | -92.48M | -71.43M | -50.32M | -29.22M | -43.48M | 26.61M | 4.91M | 3.56M | 6.69M | 12.33M |
| Income Before Tax Ratio | -58.89% | -26.55% | -4.65% | -1,030.25% | -1,630.34% | -389.68% | -254.67% | -1,856.41% | -283.51% | 28.47% | 11.47% | 12.97% | 18.10% | 51.95% |
| Income Tax Expense | 0.00 | 8.56M | -242.00K | -559.29K | -1.09M | -2.85M | -1.89M | 440.25K | 6.46M | 1.29M | -12.59M | 2.88M | 4.53M | 6.55M |
| Net Income | -28.71M | -181.20M | -61.51M | -33.84M | -91.39M | -65.66M | -48.57M | -28.75M | -49.89M | 25.32M | 17.50M | 679.77K | 2.16M | 5.77M |
| Net Income Ratio | -66.61% | -27.87% | -4.64% | -1,013.50% | -1,611.09% | -358.22% | -245.83% | -1,826.86% | -325.35% | 27.09% | 40.86% | 2.47% | 5.84% | 24.33% |
| EPS | -2.60 | -20.80 | -9.88 | -7.87 | -21.32 | -15.67 | -11.97 | -6.93 | -12.94 | 7.42 | 7.43 | 0.28 | 0.90 | 3.92 |
| EPS Diluted | -2.60 | -20.80 | -9.88 | -7.87 | -21.32 | -15.67 | -11.90 | -6.93 | -12.94 | 7.09 | 6.77 | 0.26 | 0.84 | 3.85 |
| Weighted Avg Shares Out | 11.02M | 8.71M | 6.22M | 4.30M | 4.29M | 4.19M | 4.06M | 4.15M | 3.86M | 3.40M | 2.38M | 2.40M | 2.40M | 2.40M |
| Weighted Avg Shares Out (Dil) | 11.02M | 8.71M | 6.22M | 4.30M | 4.29M | 4.19M | 4.08M | 4.15M | 3.86M | 3.58M | 2.60M | 2.57M | 2.57M | 2.44M |
BIT Mining to Acquire Ethiopian Mining Data Centers and Mining Machines
AKRON, Ohio , Dec. 3, 2024 /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 definitive agreement (the "Agreement") to acquire 51-megawatt crypto...
SEC Charges BIT Mining with FCPA Violations in Connection with Bribery Scheme to Influence Members of Japanese Parliament
Washington, D.C.--(Newsfile Corp. - November 18, 2024) - The Securities and Exchange Commission today announced that BIT Mining Ltd.
BTCM Stock Dips 5.60% Amid Market Volatility
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%.
BIT Mining Limited Completes Sale of its Mining Pool Business
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...
BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023
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...
BIT Mining Limited to Report Fourth Quarter and Full Year 2023 Financial Results on February 23, 2024
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...
BIT Mining Limited Agrees to Sell its Mining Pool Business
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...
BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2023
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,...
BIT Mining Limited to Report Third Quarter 2023 Financial Results on November 17, 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...
BIT Mining Limited Announces Unaudited Financial Results for the Second Quarter ended June 30, 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,...
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