Streetbeat News

BTCM

BIT Mining Limited

https://www.btcm.group

Industry

Information Technology Services

BIT Mining Limited operates as a cryptocurrency mining company. The company operates through three segments: Mining Pool, Data Center, and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 150 megawatts; and mining pool business, including the domain name and the cryptocurrency wallet of BTC.com, as well as purchases and deploys bitcoin mining machines. The company was formerly known as 500.com Limited and changed its name to BIT Mining Limited in April 2021. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong.

Open

3.32

Mkt cap

37M

Volume

75K

High

3.50

P/E Ratio

-1.67

52-wk high

6.95

Low

3.30

Div yield

N/A

52-wk low

1.79

Software companies' shares are trading higher, potentially due to market strength driven by NVIDIA and UnitedHealth Group.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:28 pm

The article highlights the intraday movements of several information technology stocks on Wednesday. Notable gainers include Saiheat, Arqit Quantum, Luna Innovations, Alarum Technologies, BIT Mining, and Soluna Holdings. On the losing side, Silvaco Group, Penguin Solutions, Zapata Computing Holdings, X3 Holdings, Wellchange Holdings, and Orangekloud Technology experienced declines.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 4:30 pm

The article reports on the after-market movements of various information technology stocks. Actelis Networks, Akoustis Technologies, Sobr Safe, X3 Holdings, Alarum Technologies, and BTCS saw gains, while Silvaco Group, Signing Day Sports, BIT Mining, Domo, Inseego, and Banzai International experienced declines.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:30 pm

The article reports on the after-market movements of various information technology stocks. Glimpse Group (VRAR) and ReposiTrak (TRAK) saw significant gains following their Q4 earnings reports. Other gainers include Next Technology Holding (NXTT), Argo Blockchain (ARBK), Greenidge Generation (GREE), and Daktronics (DAKT). On the losing side, Cemtrex (CETX) experienced a sharp decline, along with CPI Card (PMTS), BIT Mining (BTCM), Intchains Gr (ICG), Signing Day Sports (SGN), and BIO-key Intl (BKYI).

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:30 pm

Crypto-linked companies' shares are rising as Bitcoin's price increases, driven by traders evaluating potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:56 pm

Shares of crypto companies are experiencing an uptick as Bitcoin prices rise.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:18 pm

Shares of crypto companies are trading lower as Bitcoin's price declines, potentially influenced by mixed economic data affecting rate cut expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:53 pm

Crypto-linked stocks are experiencing a decline as Bitcoin prices drop. This is influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:59 pm

Tech sector shares are rising due to market optimism following Fed Chair Powell's comments on the economy and potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:00 pm

Shares of crypto-linked stocks are trading lower amid a drop in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:51 pm

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