Bit Mining (BTCM, Financial) experienced a significant drop in its stock price, plummeting 5.60% to $2.19 per share. The stock saw a trading volume of 29,727 shares, with a turnover rate of 0.27% and an amplitude of 6.90%.
According to recent financial reports, Bit Mining posted a revenue of $43.10 million, while incurring a net loss of $25.38 million. This resulted in an earnings per share (EPS) of -$2.60 and a gross profit of $1.60 million, with a price-to-earnings (P/E) ratio of 1.15x.
No current institutional ratings are available for the stock, leaving it without a "buy," "hold," or "sell" recommendation.
Within the information technology services sector, the overall growth was recorded at 0.28%. Notable performers in this sector included Jiufubao, Huaxin Technology, and Globis Capital Partners, with companies like Applied Digital Corporation, Jiufubao, and Ttec Holdings, Inc. showing high activity rates and turnover rates of 2.13%, 2.01%, and 1.13%, respectively. Stocks with significant volatility included Jiufubao, Aurora Innovation Inc C/Wts 03/11/2026 (To Pur Com), and Trident Digital Tech Holdings Ltd, with respective amplitudes of 30.91%, 12.06%, and 11.34%.
Bit Mining Ltd is a cryptocurrency mining company with a comprehensive strategy across the cryptocurrency value chain. Its operations include mining, mining pools, data center management, and mining machine manufacturing. The company possesses significant and expanding Bitcoin mining capacity, owns three hydroelectric cryptocurrency mines with a total power capacity of 435MW, and manages the BTC.com mining pool business, encompassing domain names and wallets. Additionally, Bit Mining has finalized an agreement to acquire the 7nm cryptocurrency mining machine manufacturer "Bee Computing," achieving vertical integration and self-sufficiency, thereby enhancing its competitive position.
