See more : Fairwood Holdings Limited (0052.HK) 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 Limited to Report Second Quarter 2023 Financial Results on August 18, 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...
BIT Mining Limited Receives Notice Regarding NYSE Continued Listing Standards
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...
Why CleanSpark, Riot Platforms, and BIT Mining Limited Are Rising This Week
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.
BIT Mining Limited to Report First Quarter 2023 Financial Results on May 30, 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...
BIT Mining Limited Announces Changes to Board of Directors
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...
BIT Mining Limited to Report Fourth Quarter and Full Year 2022 Financial Results on February 17, 2023
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...
BIT Mining Limited to Report Third Quarter 2022 Financial Results on November 17, 2022
AKRON, Ohio , Nov. 10, 2022 /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 third quarter ended September 30,...
BIT Mining Limited to Report Second Quarter 2022 Financial Results on August 19, 2022
HONG KONG , Aug. 12, 2022 /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 second quarter ended...
BIT Mining Limited to Report First Quarter 2022 Financial Results on May 27, 2022
HONG KONG , May 20, 2022 /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 first quarter...
Why Shares of Riot Blockchain, BIT Mining, and Coinbase Are Down This Week
Crypto stocks performed worse than cryptocurrencies this week.
Source: https://incomestatements.info
Category: Stock Reports