BTCM Stock Summary and Trading Ideas (Bit Mining Limited Ads | NYSE:BTCM)

BIT Mining Ltd is a cryptocurrency mining company, with a long-term plan to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has a significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.

Bit Mining Limited Ads trades on the NYSE stock market under the symbol BTCM.

As of April 15, 2025, BTCM stock price declined to $1.35 with 15,314 million shares trading.

BTCM has a beta of 2.22, meaning it tends to be more sensitive to market movements. BTCM has a correlation of 0.22 to the broad based SPY ETF.

BTCM has a market cap of $20.57 million. This is considered a Sub-Micro Cap stock.

Last quarter Bit Mining Limited Ads reported $9 million in Revenue and -$.16 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.16.

In the last 3 years, BTCM traded as high as $25.50 and as low as $1.23.

BTCM has underperformed the market in the last year with a price return of -43.8% while the SPY ETF gained +6.6%. BTCM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -46.2% and -21.5%, respectively, while the SPY returned -7.4% and -3.9%, respectively.

BTCM support price is $1.30 and resistance is $1.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTCM shares will trade within this expected range on the day.