Overview Dividends

(BTCM) BIT Mining - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0554742090

Cryptocurrency, Mining, Data Center, Technology, Online

BTCM EPS (Earnings per Share)

EPS Growth (3Y CAGR): -21.78%
EPS Trend (3Y Correlation): -24.3%

BTCM Revenue

Revenue Growth (3Y CAGR): -27.90%
Revenue Trend (3Y Correlation): -8.2%

Description: BTCM BIT Mining October 19, 2025

BIT Mining Ltd (NYSE: BTCM) is a publicly-traded cryptocurrency mining firm that runs operations in Mainland China, the United States, and Hong Kong. It is organized into two segments – a Data Center segment that runs a 82.5 MW mining facility in Ohio, and a Cryptocurrency Mining segment that purchases and deploys Bitcoin ASICs. The company also generates ancillary revenue from online gaming and technology services. Formerly known as 500.com Limited, it rebranded to BIT Mining in April 2021 and traces its corporate roots back to 2001, with headquarters in Akron, Ohio.

From recent filings (Q2 2024) the Ohio data center was operating at roughly 75 % capacity, delivering an estimated 2.3 EH/s of Bitcoin hash power at an average electricity cost of $0.045 /kWh – a key efficiency metric that directly ties profitability to the prevailing BTC price and U.S. power rates. The firm’s exposure to Chinese mining assets remains modest (≈ 10 % of total hash rate) following the 2021-2022 regulatory crackdown, which has shifted its risk profile toward the more stable U.S. regulatory environment. A sector-wide driver worth monitoring is the evolving U.S. policy on crypto mining incentives and carbon-intensity reporting, which could materially affect BIT’s cost structure and access to green-energy contracts.

For a deeper, data-driven view of BIT Mining’s valuation dynamics and scenario analysis, you may find the research tools on ValueRay useful.

BTCM Stock Overview

Market Cap in USD	49m
Sub-Industry	Application Software
IPO / Inception	2013-11-22

BTCM Stock Ratings

Growth Rating	-20.3%
Fundamental	31.7%
Dividend Rating	-
Return 12m vs S&P 500	-37.2%
Analyst Rating	3.0 of 5

BTCM Dividends

Currently no dividends paid

BTCM Growth Ratios

Growth Correlation 3m	-56.6%
Growth Correlation 12m	-0.8%
Growth Correlation 5y	-78.5%
CAGR 5y	2.25%
CAGR/Max DD 3y (Calmar Ratio)	0.03
CAGR/Mean DD 3y (Pain Ratio)	0.05
Sharpe Ratio 12m	-0.60
Alpha	-82.64
Beta	3.355
Volatility	96.28%
Current Volume	152.4k
Average Volume 20d	272.6k
Stop Loss	1.8 (-11.3%)
Signal	-0.98

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (-126.5m TTM) > 0 and > 6% of Revenue (6% = 8.15m TTM)

FCFTA -0.32 (>2.0%) and ΔFCFTA -28.88pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -0.08% (prev 297.6%; Δ -297.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.30 (>3.0%) and CFO -20.6m > Net Income -126.5m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 0.99 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (16.0m) change vs 12m ago 43.08% (target <= -2.0% for YES)

Gross Margin -31.56% (prev 89.16%; Δ -120.7pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 51.35% (prev 7.92%; Δ 43.43pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -11.20 (EBITDA TTM -51.5m / Interest Expense TTM 10.4m) >= 6 (WARN >= 3)

Altman Z'' -69.54

(A) -0.00 = (Total Current Assets 11.2m - Total Current Liabilities 11.3m) / Total Assets 69.1m

(B) -8.28 = Retained Earnings (Balance) -571.8m / Total Assets 69.1m

warn (B) unusual magnitude: -8.28 — check mapping/units

(D) -37.71 = Book Value of Equity -576.1m / Total Liabilities 15.3m

Total Rating: -69.54 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 31.66

1. Piotroski 2.0pt = -3.0

2. FCF Yield -43.70% = -5.0

3. FCF Margin -16.03% = -6.01

4. Debt/Equity 0.04 = 2.50

5. Debt/Ebitda -0.01 = -2.50

7. RoE -61.84% = -2.50

8. Rev. Trend -8.17% = -0.61

9. EPS Trend -24.32% = -1.22

What is the price of BTCM shares?

As of November 06, 2025, the stock is trading at USD 2.03 with a total of 152,403 shares traded.
Over the past week, the price has changed by -10.57%, over one month by -32.78%, over three months by -24.25% and over the past year by -25.37%.

Is BIT Mining a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, BIT Mining (NYSE:BTCM) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 31.66 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BTCM is around 1.67 USD . This means that BTCM is currently overvalued and has a potential downside of -17.73%.

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 forecasts/targets for the BTCM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	-	-
Analysts Target Price	-	-
ValueRay Target Price	2	-1.5%

BTCM Fundamental Data Overview October 24, 2025

Market Cap USD = 49.2m (49.2m USD * 1.0 USD.USD)
P/E Forward = 270.2703
P/S = 2.0038
P/B = 1.164
Beta = 3.355
Revenue TTM = 135.8m USD
EBIT TTM = -116.2m USD
EBITDA TTM = -51.5m USD
Long Term Debt = 1.81m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.46m USD (from shortTermDebt, last quarter)
Debt = 1.81m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 582.0k USD (from netDebt column, last quarter)
Enterprise Value = 49.8m USD (49.2m + Debt 1.81m - CCE 1.23m)
Interest Coverage Ratio = -11.20 (Ebit TTM -116.2m / Interest Expense TTM 10.4m)
FCF Yield = -43.70% (FCF TTM -21.8m / Enterprise Value 49.8m)
FCF Margin = -16.03% (FCF TTM -21.8m / Revenue TTM 135.8m)
Net Margin = -93.14% (Net Income TTM -126.5m / Revenue TTM 135.8m)
Gross Margin = -31.56% ((Revenue TTM 135.8m - Cost of Revenue TTM 178.7m) / Revenue TTM)
Gross Margin QoQ = -48.18% (prev -48.18%)
Tobins Q-Ratio = 0.72 (Enterprise Value 49.8m / Total Assets 69.1m)
Interest Expense / Debt = 58.72% (Interest Expense 1.06m / Debt 1.81m)
Taxrate = -0.0% (0.0 / -7.01m)
NOPAT = -116.2m (EBIT -116.2m * (1 - -0.00%)) [loss with tax shield]
Current Ratio = 0.99 (Total Current Assets 11.2m / Total Current Liabilities 11.3m)
Debt / Equity = 0.04 (Debt 1.81m / totalStockholderEquity, last quarter 43.8m)
Debt / EBITDA = -0.01 (negative EBITDA) (Net Debt 582.0k / EBITDA -51.5m)
Debt / FCF = -0.03 (negative FCF - burning cash) (Net Debt 582.0k / FCF TTM -21.8m)
Total Stockholder Equity = 204.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -183.1% (out of range, set to none)
RoE = -61.84% (Net Income TTM -126.5m / Total Stockholder Equity 204.5m)
RoCE = -56.30% (EBIT -116.2m / Capital Employed (Equity 204.5m + L.T.Debt 1.81m))
RoIC = -230.7% (out of range, set to none) (NOPAT -116.2m / Invested Capital 50.4m)
WACC = 17.73% (E(49.2m)/V(51.1m) * Re(18.38%) + (debt cost/tax rate unavailable))
Discount Rate = 18.38% (= CAPM, Blume Beta Adj.) -> capped to 17.95%
Shares Correlation 3-Years: 100.0 | Cagr: 20.05%
Fair Price DCF = unknown (Cash Flow -21.8m)
EPS Correlation: -24.32 | EPS CAGR: -21.78% | SUE: N/A | # QB: 0
Revenue Correlation: -8.17 | Revenue CAGR: -27.90% | SUE: 0.27 | # QB: 0

Additional Sources for BTCM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle