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BTCM

BIT Mining Ltd - ADR

$0.44

Earnings Summary

Revenue
$296.68Mn
Net Profits
$-3.05Mn
Net Profit Margins
-1.03%

Highlights

Revenue:

BIT Mining Ltd - ADR’s revenue jumped 1416.84% since last year same period to $296.68Mn in the Q1 2022. On a quarterly growth basis, BIT Mining Ltd - ADR has generated -40.16% fall in its revenue since last 3-months.

Net Profits:

BIT Mining Ltd - ADR’s net profit fell -123.18% since last year same period to $-3.05Mn in the Q1 2022. On a quarterly growth basis, BIT Mining Ltd - ADR has generated 65.22% jump in its net profits since last 3-months.

Net Profit Margins:

BIT Mining Ltd - ADR’s net profit margin fell -101.53% since last year same period to -1.03% in the Q1 2022. On a quarterly growth basis, BIT Mining Ltd - ADR has generated 41.88% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the BIT Mining Ltd - ADR post its latest quarter earnings

EPS Estimate Current Year
-0.07

Highlights

EPS Estimate Current Year:

BIT Mining Ltd - ADR’s earning per share (EPS) estimates for the current year stand at -0.07.

Key Ratios

Key ratios of the BIT Mining Ltd - ADR post its Q1 2022 earnings

Earning Per Share (EPS)
-0.04
Return on Assets (ROA)
-0.1
Return on Equity (ROE)
-0.4
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

BIT Mining Ltd - ADR’s earning per share (EPS) jumped 83.72% since last year same period to -0.04 in the Q1 2022. This indicates that the BIT Mining Ltd - ADR has generated 83.72% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. BIT Mining Ltd - ADR’s return on assets (ROA) stands at -0.1.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. BIT Mining Ltd - ADR’s return on equity (ROE) stands at -0.4.

Dividend Per Share (DPS):

BIT Mining Ltd - ADR declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2015-09-30
-0.07
-0.18
-157.14%

Company Information

BIT Mining Limited is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company's continued growth. BIT Mining Limited was formerly known as 500.com Limited, an online sports lottery service provider in China.

Organisation
BIT Mining Ltd - ADR
Headquarters
Shenzhen, Guangdong, China (Mainland)
Employees
2.02K
CEO
Zhaofu Tian