BIT Mining


About: BIT Mining Ltd is a cryptocurrency mining company, with a long-term plan to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has a significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.

Employees: 75

Funds holding %
of 6,689 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

983% more call options, than puts

Call options by funds: $574K | Put options by funds: $53K

0.02% less ownership

Funds ownership: 0.05% [Q4 2023] → 0.03% (-0.02%) [Q1 2024]

50% less capital invested

Capital invested by funds: $2.51M [Q4 2023] → $1.26M (-$1.25M) [Q1 2024]

50% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 2

60% less funds holding

Funds holding: 15 [Q4 2023] → 6 (-9) [Q1 2024]

82% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 11

Research analyst outlook

We haven’t received any recent analyst ratings for BTCM.

Financial journalist opinion