(BTCM) BIT Mining - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0554741001

BTCM: Cryptocurrency Mining, Data Centers, Gaming, Technology Services

BIT Mining Limited (NYSE:BTCM) is a cryptocurrency mining company with operations in Mainland China, the United States, and Hong Kong. The company operates through two primary segments: Data Center and Cryptocurrency Mining. Its Ohio data center has an 82.5-megawatt power capacity, supporting large-scale cryptocurrency mining operations. Additionally, the company invests in and deploys Bitcoin mining machines to expand its mining capacity. Beyond mining, BIT Mining engages in online gaming activities and provides technology services, diversifying its revenue streams.

Formerly known as 500.com Limited, the company rebranded as BIT Mining Limited in April 2021, signaling a strategic shift toward cryptocurrency and blockchain technologies. Founded in 2001 and headquartered in Hong Kong, BIT Mining has expanded its operations to capitalize on the growing demand for cryptocurrency mining and related services. Its U.S. presence, particularly in Ohio, reflects a strategic move to leverage favorable regulatory and energy environments for mining operations.

From a technical perspective, BTCM shares are trading at $1.97, below their 20-day ($2.16) and 50-day ($2.47) moving averages, indicating recent downward pressure. The stocks average true range (ATR) of 0.19 suggests relatively low volatility. Over the next three months, BTCM may face resistance at the $2.47 level, while support could hold around $1.75, based on historical price patterns and the stocks current trajectory.

Fundamentally, BIT Minings market cap of $29.86M reflects its smaller size relative to industry peers. The forward P/E of 270.27 indicates high expectations for future earnings growth, though the current P/E is zero due to insufficient earnings data. The price-to-book (P/B) ratio of 0.65 suggests the stock may be undervalued relative to its book value, while the price-to-sales (P/S) ratio of 0.72 points to moderate valuation relative to revenue.

Looking ahead, BIT Minings ability to scale its mining operations and diversify its revenue streams will be critical. The companys focus on expanding its U.S. operations could mitigate risks associated with regulatory uncertainties in other regions. However, the stocks high forward P/E ratio underscores the markets expectations for significant growth, which may not materialize if the company fails to execute on its strategic objectives.

Additional Sources for BTCM Stock

BTCM Stock Overview

Market Cap in USD 31m
Sector Technology
Industry Information Technology Services
GiC Sub-Industry Application Software
IPO / Inception 2013-11-22

BTCM Stock Ratings

Growth 5y -76.8%
Fundamental 12.6%
Dividend 0.0%
Rel. Strength Industry -38.1
Analysts 3/5
Fair Price Momentum 1.11 USD
Fair Price DCF 4.08 USD

BTCM Dividends

No Dividends Paid

BTCM Growth Ratios

Growth Correlation 3m -90.9%
Growth Correlation 12m -20.4%
Growth Correlation 5y -79.7%
CAGR 5y -45.79%
CAGR/Max DD 5y -0.46
Sharpe Ratio 12m -0.99
Alpha -62.74
Beta 2.89
Volatility 92.52%
Current Volume 22.2k
Average Volume 20d 43.7k
What is the price of BTCM stocks?
As of March 18, 2025, the stock is trading at USD 1.91 with a total of 22,202 shares traded.
Over the past week, the price has changed by +3.24%, over one month by -17.32%, over three months by -39.56% and over the past year by -35.69%.
Is BIT Mining a good stock to buy?
Neither. Based on ValueRay Fundamental Analyses, BIT Mining is currently (March 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 12.55 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BTCM as of March 2025 is 1.11. This means that BTCM is currently overvalued and has a potential downside of -41.88%.
Is BTCM a buy, sell or hold?
BIT Mining has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold BTCM.
  • Strong Buy: 0
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0
What are the forecast for BTCM stock price target?
According to ValueRays Forecast Model, BTCM BIT Mining will be worth about 1.3 in March 2026. The stock is currently trading at 1.91. This means that the stock has a potential downside of -30.37%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 1.3 -30.4%