Bit Mining Ltd - Understand $btcm stock

$BTCM Market Cap: $24.56 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$224.0M

TTM

Gross Margin

1.56%

TTM

Net Earnings

-$10.20M

TTM

Current Assets

$33.86M

Q4 2023

Current Liabilities

$44.93M

Q4 2023

Current Ratio

75.36%

Q4 2023

Total Assets

$72.60M

Q4 2023

Total Liabilities

$47.46M

Q4 2023

Book Value

$25.13M

Q4 2023

Cash

$3.244M

Q4 2023

P/E

-2.408

Sep 17, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$43.10M	$650.2M	$1.329B	$21.80M	$39.70M	$126.1M	$71.90M	$5.300M	$99.60M	$579.7M	$259.5M	$171.5M	$232.3M	$157.4M	$82.60M
YoY Change	-93.37%	-51.07%	5995.76%	-45.09%	-68.52%	75.38%	1256.6%	-94.68%	-82.82%	123.39%	51.31%	-26.17%	47.59%	90.56%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$43.10M	$650.2M	$1.329B	$21.80M	$39.70M	$126.1M	$71.90M	$5.300M	$99.60M	$579.7M	$259.5M	$171.5M	$232.3M	$157.4M	$82.60M
Cost Of Revenue	$29.11M	$669.7M	$1.323B	$16.80M	$59.40M	$80.00M	$37.50M	$12.70M	$24.40M	$53.90M	$27.80M	$18.50M	$24.40M	$22.10M	$16.00M
Gross Profit	$13.99M	-$19.49M	$5.461M	$5.000M	-$19.70M	$46.10M	$34.40M	-$7.500M	$75.20M	$525.8M	$231.7M	$153.1M	$207.9M	$135.3M	$66.60M
Gross Profit Margin	32.47%	-3.0%	0.41%	22.94%	-49.62%	36.56%	47.84%	-141.51%	75.5%	90.7%	89.29%	89.27%	89.5%	85.96%	80.63%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$18.62M	$27.08M	$29.57M	$199.5M	$314.8M	$405.8M	$346.2M	$361.5M	$382.6M	$389.6M	$186.5M	$130.1M	$174.0M	$57.80M	$31.20M
YoY Change	-31.26%	-8.41%	-85.18%	-36.63%	-22.42%	17.22%	-4.23%	-5.51%	-1.8%	108.9%	43.35%	-25.23%	201.04%	85.26%
% of Gross Profit	133.04%		541.46%	3990.0%		880.26%	1006.4%		508.78%	74.1%	80.49%	84.98%	83.69%	42.72%	46.85%
Research & Development	$874.0K	$3.665M	$3.155M	$1.941M
YoY Change	-76.15%	16.16%	62.55%
% of Gross Profit	6.25%		57.77%	38.82%
Depreciation & Amortization	$9.858M	$24.05M	$20.36M	$45.80M	$61.40M	$64.00M	$39.50M	$19.70M	$11.60M	$10.30M	$8.500M	$5.600M	$3.800M	$2.400M	$2.000M
YoY Change	-59.01%	18.15%	-55.56%	-25.41%	-4.06%	62.03%	100.51%	69.83%	12.62%	21.18%	51.79%	47.37%	58.33%	20.0%
% of Gross Profit	70.44%		372.73%	916.0%		138.83%	114.83%		15.43%	1.96%	3.67%	3.66%	1.83%	1.77%	3.0%
Operating Expenses	$19.49M	$31.94M	$43.96M	$195.8M	$311.5M	$390.6M	$372.9M	$360.7M	$376.6M	$373.1M	$171.8M	$125.5M	$166.1M	$53.60M	$28.20M
YoY Change	-38.98%	-27.33%	-77.55%	-37.14%	-20.25%	4.75%	3.38%	-4.22%	0.94%	117.17%	36.89%	-24.44%	209.89%	90.07%
Operating Profit	-$25.19M	-$51.43M	-$38.49M	-$190.8M	-$331.2M	-$344.5M	-$338.5M	-$368.2M	-$301.4M	$152.7M	$59.90M	$27.60M	$41.80M	$81.70M	$38.40M
YoY Change	-51.02%	33.62%	-79.82%	-42.39%	-3.86%	1.77%	-8.07%	22.16%	-297.38%	154.92%	117.03%	-33.97%	-48.84%	112.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$1.343M	$21.17M	-$1.700M	$2.800M	$300.0K	$17.90M	$23.50M	$19.20M	$15.50M	-$30.20M	$1.100M	$200.0K	$100.0K	$300.0K
YoY Change	-93.66%	-1345.47%	-160.71%	833.33%	-98.32%	-23.83%	22.4%	23.87%	-151.32%	-2845.45%	450.0%	100.0%	-66.67%
% of Operating Profit									10.15%	-50.42%	3.99%	0.48%	0.12%	0.78%
Other Income/Expense, Net	$9.031M	$594.0K	$700.0K	$500.0K	$0.00	$800.0K	$0.00							$0.00
YoY Change	1420.37%	-15.14%	40.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$25.38M	-$172.6M	-$63.93M	-$224.8M	-$661.9M	-$491.3M	-$345.5M	-$207.8M	-$282.2M	$165.0M	$29.80M	$22.20M	$42.10M	$81.80M	$38.70M
YoY Change	-85.3%	170.07%	-71.56%	-66.04%	34.72%	42.2%	66.27%	-26.36%	-271.03%	453.69%	34.23%	-47.27%	-48.53%	111.37%
Income Tax		$0.00	-$359.0K	-$3.700M	-$7.600M	-$19.60M	-$14.00M	$2.100M	$42.00M	$8.000M	-$76.30M	$18.00M	$28.50M	$43.50M	$13.20M
% Of Pretax Income										4.85%	-256.04%	81.08%	67.7%	53.18%	34.11%
Net Earnings	-$28.71M	-$169.6M	-$60.52M	-$223.2M	-$651.3M	-$451.7M	-$317.1M	-$203.0M	-$323.9M	$157.0M	$106.1M	$4.200M	$13.60M	$38.30M	$25.50M
YoY Change	-83.07%	180.3%	-72.89%	-65.73%	44.19%	42.45%	56.21%	-37.33%	-306.31%	47.97%	2426.19%	-69.12%	-64.49%	50.2%
Net Earnings / Revenue	-66.61%	-26.09%	-4.55%	-1023.85%	-1640.55%	-358.21%	-441.03%	-3830.19%	-325.2%	27.08%	40.89%	2.45%	5.85%	24.33%	30.87%
Basic Earnings Per Share	-$0.03	-$0.18	-$0.10	-$0.07
Diluted Earnings Per Share	-$0.03	-$0.19	-$97.24K	-$519.1K	-$1.520M	-$1.078M	-$776.6K	-$489.3K	-$840.0K	$438.8K	$408.5K	$17.97K	$57.34K	$164.0K	$156.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$7.808M	$20.49M	$308.7M	$385.1M	$535.1M	$662.4M	$1.594B	$1.667B	$1.081B	$721.3M	$76.60M	$124.7M	$84.20M
YoY Change	-61.89%	-93.36%	-19.84%	-28.03%	-19.22%	-58.45%	-4.36%	54.19%	49.88%	841.64%	-38.57%	48.1%
Cash & Equivalents	$5.448M	$17.67M	$308.7M	$361.2M	$435.1M	$529.1M	$673.1M	$400.7M	$485.6M	$544.3M	$31.60M	$63.90M	$32.70M
Short-Term Investments	$2.360M	$2.820M		$23.80M	$100.0M	$133.3M	$921.2M	$1.266B	$595.5M	$177.0M	$45.10M	$60.80M	$51.50M
Other Short-Term Assets	$22.44M	$56.56M	$12.30M	$16.30M	$39.20M	$62.20M	$22.50M	$35.40M	$74.00M	$97.70M	$28.00M	$12.20M	$5.500M
YoY Change	-60.32%	359.8%	-24.54%	-58.42%	-36.98%	176.44%	-36.44%	-52.16%	-24.26%	248.93%	129.51%	121.82%
Inventory
Prepaid Expenses
Receivables	$4.120M	$737.0K					$0.00	$3.600M	$74.40M	$62.50M	$211.2M	$138.1M	$98.20M
Other Receivables	$0.00	$17.36M					$90.20M	$6.100M	$26.90M	$28.30M	$14.10M	$33.50M	$18.70M
Total Short-Term Assets	$34.37M	$95.14M	$335.9M	$430.3M	$601.6M	$737.0M	$1.707B	$1.712B	$1.256B	$909.9M	$329.8M	$308.5M	$206.5M
YoY Change	-63.88%	-71.68%	-21.94%	-28.47%	-18.37%	-56.82%	-0.3%	36.27%	38.08%	175.89%	6.9%	49.39%
Property, Plant & Equipment	$18.85M	$76.37M	$29.10M	$100.7M	$97.20M	$107.0M	$53.90M	$44.20M	$41.10M	$36.20M	$38.10M	$13.90M	$8.000M
YoY Change	-75.32%	162.42%	-71.1%	3.6%	-9.16%	98.52%	21.95%	7.54%	13.54%	-4.99%	174.1%	73.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$8.049M	$10.05M	$101.5M	$158.3M	$199.5M	$352.8M	$91.30M	$61.50M	$16.70M	$5.900M	$5.500M	$7.700M	$6.900M
YoY Change	-19.91%	-90.1%	-35.88%	-20.65%	-43.45%	286.42%	48.46%	268.26%	183.05%	7.27%	-28.57%	11.59%
Other Assets	$9.897M	$16.06M	$1.700M	$1.900M	$3.600M	$6.300M	$2.700M	$1.600M	$2.100M	$2.900M	$3.700M	$5.300M	$1.700M
YoY Change	-38.37%	844.59%	-10.53%	-47.22%	-42.86%	133.33%	68.75%	-23.81%	-27.59%	-21.62%	-30.19%	211.76%
Total Long-Term Assets	$40.11M	$201.0M	$134.6M	$265.5M	$645.0M	$1.018B	$369.9M	$372.4M	$63.30M	$48.40M	$49.50M	$28.80M	$17.80M
YoY Change	-80.04%	49.31%	-49.3%	-58.84%	-36.62%	175.1%	-0.67%	488.31%	30.79%	-2.22%	71.88%	61.8%
Total Assets	$74.48M	$296.1M	$470.5M	$695.8M	$1.247B	$1.755B	$2.077B	$2.085B	$1.320B	$958.3M	$379.3M	$337.3M	$224.3M
YoY Change
Accounts Payable	$23.43M	$62.46M					$0.00	$100.0K		$0.00	$8.500M	$0.00	$1.100M
YoY Change	-62.5%						-100.0%			-100.0%		-100.0%
Accrued Expenses	$7.341M	$6.990M	$25.50M	$27.60M	$22.20M	$78.20M	$129.1M	$34.60M	$49.00M	$35.00M	$30.50M	$17.70M	$11.20M
YoY Change	5.02%	-72.59%	-7.61%	24.32%	-71.61%	-39.43%	273.12%	-29.39%	40.0%	14.75%	72.32%	58.04%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.80M	$0.00	$0.00	$0.00
YoY Change									-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$30.84M	$84.40M	$73.60M	$77.20M	$99.70M	$175.9M	$209.5M	$157.8M	$157.9M	$118.6M	$282.0M	$182.4M	$155.5M
YoY Change	-63.46%	14.67%	-4.66%	-22.57%	-43.32%	-16.04%	32.76%	-0.06%	33.14%	-57.94%	54.61%	17.3%
Long-Term Debt	$0.00	$0.00	$500.0K	$3.000M	$4.200M	$27.80M	$44.50M	$46.90M	$44.20M	$30.30M	$11.20M	$3.600M	$2.500M
YoY Change		-100.0%	-83.33%	-28.57%	-84.89%	-37.53%	-5.12%	6.11%	45.87%	170.54%	211.11%	44.0%
Other Long-Term Liabilities	$2.837M	$4.569M	$5.800M	$31.70M	$0.00
YoY Change	-37.91%	-21.22%	-81.7%
Total Long-Term Liabilities	$2.837M	$4.569M	$6.300M	$34.70M	$4.200M	$27.80M	$44.50M	$46.90M	$44.20M	$30.30M	$11.20M	$3.600M	$2.500M
YoY Change	-37.91%	-27.48%	-81.84%	726.19%	-84.89%	-37.53%	-5.12%	6.11%	45.87%	170.54%	211.11%	44.0%
Total Liabilities	$33.68M	$114.3M	$66.70M	$111.3M	$130.0M	$344.8M	$367.4M	$316.6M	$202.1M	$148.9M	$382.0M	$262.9M	$213.4M
YoY Change	-70.55%	71.42%	-40.07%	-14.38%	-62.3%	-6.15%	16.05%	56.66%	35.73%	-61.02%	45.3%	23.2%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	1.102B	871.0M	622.3M	430.0M
Diluted Shares Outstanding	1.102B	871.0M	622.3M	430.0M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $24.558 Million

About BIT Mining Ltd

BIT Mining Ltd. engages in holding certain digital assets in connection with their cryptocurrency mining business and indirectly holding the equity interest. The company employs 75 full-time employees The company went IPO on 2013-11-22. The firm mainly operates cryptocurrency mining machines for the sole purpose of mining cryptocurrencies (primarily bitcoin, and to a lesser extent ether).

Industry: Services-Computer Processing & Data Preparation Peers: Leader Capital Holdings Corp