Bitcoin mining company BIT Mining (BTCM, Financial) witnessed a sharp decline of 5.36% in its stock price, currently trading at $2.23 per share. The trading volume reached 53,856 shares with a turnover rate of 0.48% and a price fluctuation of 5.97%.
Recent financial reports reveal that BIT Mining recorded revenues of $43.10 million with a net loss of $25.38 million. The earnings per share stood at -$2.60, and gross profit at $1.60 million, reflecting a price-to-earnings ratio of 1.14.
The information technology services sector, where BIT Mining operates, saw an overall increase of 0.07%. Among related stocks, Ttec Holdings, Inc., 9F Inc., and Global Mofy gained significantly. Ttec Holdings, Inc., Applied Digital Corporation, and 9F Inc. were the most active stocks with turnover rates of 29.49%, 4.06%, and 3.89% respectively. Stocks such as 9F Inc., Ttec Holdings, Inc., and Aurora Innovation Inc C/Wts 03/11/2026 displayed considerable volatility with fluctuations of 37.30%, 20.99%, and 19.08% respectively.
BIT Mining Limited is a cryptocurrency mining company with a comprehensive plan covering the entire cryptocurrency value chain. Its operations include cryptocurrency mining, mining pools, data center management, and mining machine manufacturing. The company has significant and growing Bitcoin mining capabilities, including three hydropower cryptocurrency mining farms with a total electricity capacity of 435MW. It runs a pool operation under BTC.com, encompassing domain names and wallets. Additionally, BIT Mining has completed the acquisition of 7nm cryptocurrency mining machine manufacturer Bee Computing, enhancing its vertical integration and competitive edge.
