BTCM
BIT MiningBTCM
BTCM
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 related 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 BTC.com, 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: 56
0
Funds holding %
of 7,334 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
0% more funds holding
Funds holding: 14 [Q4 2024] → 14 (+0) [Q1 2025]
0% less ownership
Funds ownership: 0.04% [Q4 2024] → 0.04% (-0%) [Q1 2025]
33% less call options, than puts
Call options by funds: $62K | Put options by funds: $93K
36% less capital invested
Capital invested by funds: $1.41M [Q4 2024] → $903K (-$512K) [Q1 2025]
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Research analyst outlook
We haven’t received any recent analyst ratings for BTCM.
Financial journalist opinion
Based on 5 articles about BTCM published over the past 30 days
Neutral
PRNewsWire
3 days ago
BIT Mining Advances Solana Strategy with 27,191 SOL Purchase and Validator Launch
Company begins staking self-acquired SOL through newly launched validator, reinforcing long-term commitment to the Solana ecosystem AKRON, Ohio , Aug. 5, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency infrastructure company, today announced the launch of its first Solana ("SOL") validator, alongside the initial purchase of 27,191 SOL (at an aggregate purchase price of approximately US$4.89 million) to establish the Company's growing SOL treasury. This milestone follows the Company's July 10 announcement outlining a strategic shift into the Solana ecosystem, backed by plans to raise up to $300 million for SOL acquisitions and infrastructure development.
Positive
Seeking Alpha
2 weeks ago
Bit Mining: Undervalued, Unproven, And Eyeing Solana
Bit Mining's pivot to a Solana treasury strategy introduces speculative upside, especially if SOL rallies and the company executes its planned crypto purchases. Despite declining revenues, Bit Mining has improved operational efficiency, narrowed losses, and deleveraged its balance sheet, but ongoing dilution remains a key risk. BTCM trades below book value and at modest sales multiples, positioning it as a high-risk, leveraged crypto proxy if Solana outperforms in this bull cycle.
Positive
Schaeffers Research
3 weeks ago
135 Public Companies That Hold Bitcoin — And Why It Matters
Since the historic institutional pivot of 2020, Bitcoin has steadily made its way from fringe asset to mainstream corporate treasury tool.
Neutral
PRNewsWire
3 weeks ago
BIT Mining Completes Second Phase of Acquisition in Ethiopia
AKRON, Ohio , July 14, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency asset company , today announced the completion of the second phase of its previously-announced acquisition of crypto mining data centers and Bitcoin mining machines in Ethiopia. On December 3, 2024, the Company entered into a definitive agreement to acquire cryptocurrency mining data centers in Ethiopia.
Neutral
PRNewsWire
4 weeks ago
BIT Mining Limited Expands into the Solana Ecosystem
An SOL treasury of up to $300 million will highlight strategic expansion AKRON, Ohio , July 10, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced a strategic shift with its expansion into the Solana ecosystem, marking a critical milestone in the Company's long-term growth trajectory. This transition positions BIT Mining to capture emerging opportunities across the broader blockchain value chain, while also attracting investors seeking exposure to the Solana ecosystem.
Neutral
PRNewsWire
3 months ago
BIT Mining Limited Files 2024 Annual Report on Form 20-F
AKRON, Ohio , April 29, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission ("SEC") on April 29, 2025. The annual report can be accessed on the SEC's website at http://www.sec.gov, as well as on the Company's investor relations website at ir.btcm.group.
Positive
Zacks Investment Research
3 months ago
Top Cryptocurrency Stocks You Should Buy for a Healthy Portfolio
Here, we pick three stocks, CME, BTCM and CAN, which are well-poised to benefit from the growing proliferation of Bitcoin and other cryptocurrencies.
Neutral
PRNewsWire
3 months ago
BIT Mining Announces March 2025 Production and Operations Updates
AKRON, Ohio, April 10, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today released its monthly mining production and operational updates for March 2025. Mining Production and Operations Highlights: In March, BIT Mining produced a total of 41.55 Bitcoin (BTC), consisting of 34.96 BTC for hosted clients and 6.59 BTC self-mined.
Neutral
PRNewsWire
4 months ago
BIT Mining Announces February 2025 Production and Operations Updates
AKRON, Ohio , March 27, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or "the Company" or "BTCM"), a leading technology-driven cryptocurrency mining company, today reported its monthly mining production and other operational updates for the month of February 2025. Mining Production and Operations Updates : In February, BIT Mining produced a total of 42.56 Bitcoin (BTC), with 36.854 BTC generated for hosted clients and 5.708 BTC self-mined.
Positive
Zacks Investment Research
4 months ago
BIT Mining Limited (BTCM) Moves to Buy: Rationale Behind the Upgrade
BIT Mining Limited (BTCM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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