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BIT Mining
A leading technology-driven cryptocurrency mining company
About BIT Mining
BIT Mining (NYSE: BTCM) is a prominent player in the cryptocurrency mining industry, aiming to create long-term value across the cryptocurrency ecosystem. The company operates in several key areas: cryptocurrency mining, mining pool services, and data center operations. BIT Mining owns BTC.com, one of the world's top blockchain browsers, and runs a comprehensive mining pool business under the same brand, offering multi-currency mining services including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).
BIT Mining serves a diverse range of clients, from individual miners to large-scale institutional investors, providing them with robust and efficient mining solutions. The company operates in the highly competitive and rapidly evolving cryptocurrency market, where technological advancements and market dynamics play crucial roles.
The business model of BIT Mining revolves around generating revenue through mining operations, transaction fees from its mining pool services, and data center hosting fees. By leveraging its advanced technology and strategic acquisitions, the company aims to enhance its mining efficiency and expand its market presence.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2001
- Headquarters
- Hong Kong
- Listing
- IPO 2013
- Employees
- 23
- Open positions
- None listed
- Dealroom signal
- 51.7/100
- Industry
- Energy
- Sector
- Energy, Bitcoin Ecosystem, Data Centers
- Business model
- Marketplace & ecommerce
- Client focus
- b2b, b2c
- Investment activity
- 5 companies, latest May 2022
- Capital deployed
- $15M
- Preferred round
- SERIES A
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| PRIVATE PLACEMENT VCOther financing | Oct 2023 | $50M | — | Undisclosed | ↗ |
| POST IPO EQUITYOther financing | Aug 2022 | $9.3M | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $23M | 0% | −$6.2M | -27% |
| 2025 | $23M | -30.1% | −$6.2M | -27% |
| 2024 | $33M | -23.6% | $2.7M | 8.1% |
| 2023 | $43M | -24.4% | −$17M | -38.8% |
| 2022 | $57M | -95.7% | −$42M | -73.8% |
| 2021 | $1.3B | +288901.1% | −$36M | -2.7% |
| 2020 | $459K | — | −$3.3M | -723.3% |
Growth signals
Latest recorded traffic for BIT Mining is 4.2K monthly website visits, up 82.6% over the last three months. BIT Mining's team grew 15% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Bee ComputingHong KongDevelops and manufactures cryptocurrency mining chips and mining machines for Bitcoin, Ethereum, and Loopring
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Other known investors2 additional known investors
HSG- VCVision Knight Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about BIT Mining on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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