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BIT Mining Ltd - BTCM STOCK NEWS

Welcome to our dedicated news page for BIT Mining (Ticker: BTCM), a resource for investors and traders seeking the latest updates and insights on BIT Mining.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BIT Mining's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BIT Mining's position in the market.

Rhea-AI Summary
BIT Mining Limited (BTCM) has closed the sale of its mining pool business to Esport – Win Limited for $5 million, resulting in a $19 million increase in shareholders' equity. The CEO sees this as a positive move towards sustainable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.59%
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none
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Rhea-AI Summary
BIT Mining Limited reports unaudited financial results for Q4 2023, selling its mining pool business for $5 million. Revenues increase to $10.4 million, operating loss decreases significantly, and net loss improves. The company also highlights its cryptocurrency mining operations and data center business performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
-
Rhea-AI Summary
BIT Mining Limited (BTCM) plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023, after the U.S. market close on Friday, February 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.41%
Tags
conferences earnings
Rhea-AI Summary
BIT Mining Limited (NYSE: BTCM) has agreed to sell its mining pool business operated under BTC.com to Esport – Win Limited for US$5 million, resulting in an increase of approximately US$16 million in total shareholders' equity. The Business generated revenues of US$593.2 million in 2022 but recorded a net operating loss of US$2.6 million. The sale is expected to improve profitability and strengthen the company's cash position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.72%
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none
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Rhea-AI Summary
BIT Mining Limited (NYSE: BTCM) reported its unaudited financial results for Q3 2023, highlighting progress in cryptocurrency mining operations, including advances in mining machine manufacturing, self-mining, mining pool, and data center operation. Despite market uncertainties, the company remains focused on improving quality and efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
BIT Mining Limited (NYSE: BTCM) plans to release unaudited Q3 financial results on November 17, 2023, after the U.S. market close. The announcement reflects the company's commitment to transparency and provides investors with crucial insights into its financial performance. The release date aligns with market expectations, and investors are likely to closely monitor the results for potential impact on stock performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
Tags
conferences earnings
Rhea-AI Summary
BIT Mining reports Q2 2023 financial results, revenues of $74.1M, operating loss of $1.5M, and net loss of $0.9M. Mining pool business revenue increased to $65.9M. Power outage at Ohio Mining Site caused a 39.0% decrease in service fee revenue. Company seeking alternative locations. BTC mining machines in operation have a total hash rate capacity of 50.9 PH/s. Mining machine manufacturing progressing, engineering prototype expected by September 2023.
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Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
conferences earnings
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Rhea-AI Summary
BIT Mining received a notice from the NYSE stating that it is not in compliance with market capitalization and equity criteria. The company has 90 days to submit a business plan to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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BIT Mining Ltd

NYSE:BTCM

BTCM Rankings

BTCM Stock Data

23.56M
993.40M
8.92%
5.44%
3.57%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
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China (Mainland)
Shenzhen

About BTCM

500.com is a leading online sports lottery service provider in china with an established and entrusted brand. we were successfully listed on the nyse in 2013 (nyse: wbai). we act as an aggregator and processor of lottery purchase orders from our registered user accounts and currently derives substantially all of our revenues from service fees paid to us by provincial sports lottery administration centers for the purchase orders of sports lottery products that are directed to such centers. we offer a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. since our establishment in 2001, 500.com is among the first companies to provide online lottery services in china, and is one of the two entities that are authorized by the ministry of finance to provide online lottery sales services on behalf of china sports lottery administration center. through over 14 years of continued and unremitting dedication, we have bui