Shares of BIT Mining Limited (BTCM, Financial) experienced significant fluctuations, with a sudden drop of 5.38%. The stock is currently priced at $2.46 per share, with a trading volume of 34,357 shares and a turnover rate of 0.30%. The price volatility for this period stands at 5.38%.
Recent financial reports reveal BIT Mining's revenue at $43.10 million, while the company reported a net loss of $25.38 million. This results in an earnings per share (EPS) of -$2.60 and a gross profit of $1.60 million. The company currently has no buy, hold, or sell ratings from financial institutions.
Within the information technology services sector, which saw an overall decrease of 0.29%, several peers exhibited notable performance. Companies like Veea Inc and Century Internet showed significant gains, while others like Applied Digital Corporation demonstrated high activity levels with turnover rates reaching 15.83%, 3.53%, and 2.56% respectively. High volatility was noted in shares of companies such as Standards Technology and Arb Iot Group Limited.
BIT Mining is a comprehensive cryptocurrency mining enterprise pursuing vertical integration across the cryptocurrency value chain. Its operations include cryptocurrency mining, mining pools, data center operations, and mining machine manufacturing. The company runs three hydroelectric cryptocurrency mining sites with a total power capacity of 435 MW and manages mining pools under BTC.com. BIT Mining is also advancing its capabilities by acquiring Bee Computing, a manufacturer of 7-nanometer cryptocurrency mining machines, enhancing its self-sufficiency and competitive stance.
