| Market Capitalization (Millions $) |
3,197 |
| Shares
Outstanding (Millions) |
1,102 |
| Employees |
200 |
| Revenues (TTM) (Millions $) |
43 |
| Net Income (TTM) (Millions $) |
-29 |
| Cash Flow (TTM) (Millions $) |
-2 |
| Capital Exp. (TTM) (Millions $) |
1 |
Bit Mining Limited
Bit Mining Limited is a publicly listed company that operates under the Nasdaq Global Market ticker symbol: BTCM. The company, founded in December 2017, is headquartered in Shenzhen, China; a city known for its technological innovation and has additional offices in Hong Kong, Singapore, and the United States.
Bit Mining Limited is a leading technology-driven cryptocurrency mining company that provides mining farm deployment, miner hosting, and maintenance services to its clients. The company operates one of the largest cryptocurrency mining farms globally, with a current capacity of over 1, 000 PH/s (petahash per second) of hash power. The company's mining farms are strategically located in top-tier data centers in Inner Mongolia, Sichuan, and Xinjiang provinces in China.
Bit Mining Limited is primarily focused on Bitcoin (BTC) mining, which is the most valuable and widely adopted digital currency. The company has a highly experienced and skilled team of engineers, technicians, and developers that manage its mining operations. Bit Mining Limited uses advanced mining rigs with the latest generation of application-specific integrated circuits (ASICs) for efficient mining. The company's mining facilities are powered by low-cost hydroelectricity, which significantly reduces its operating costs.
The company is also expanding its mining operations to other cryptocurrencies, such as Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH), to diversify its revenue streams.
Bit Mining Limited has recorded impressive financial performance since its inception, with a steady increase in revenue, profits, and market capitalization. It reported a revenue of over $81 million for the first quarter of 2021, representing a 42.8% increase from the previous quarter. The company's net income was over $13 million for the same period, up by 434.4% from the previous quarter.
Bit Mining Limited is committed to responsible mining practices that prioritize sustainability, environmental protection, and social responsibility. The company adheres to strict regulatory compliance and anti-money laundering (AML) measures to support the long-term development of the cryptocurrency industry.
Overall, Bit Mining Limited is a well-established and reputable cryptocurrency mining company that offers reliable and profitable services to its clients. With its impressive growth trajectory and expanding operations, Bit Mining Limited is set to remain a major player in the cryptocurrency mining industry.
Company Address: 428 South Seiberling Street Akron 44306 OH
Company Phone Number: 204-8537 Stock Exchange / Ticker: NYSE BTCM
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