BIT Mining Limited (BTCM)

BIT Mining Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	32.92	43.1	57.03	53.77	2.17
Revenue Growth (YoY)	-23.62%	-24.42%	6.05%	2381.31%	-58.01%
Cost of Revenue	29.94	40.06	61.2	39.51	2.02
Gross Profit	2.99	3.05	-4.17	14.26	0.15
Selling, General & Admin	13.76	18.62	22.28	21.59	15.48
Research & Development	0.07	0.87	2.21	1.26	1.94
Other Operating Expenses	0.4	13.46	2.23	13.99	-0.28
Operating Expenses	14.23	32.95	26.72	36.83	17.14
Operating Income	-11.25	-29.91	-30.89	-22.57	-16.99
Interest Expense	-	-	-0.22	-0.78	-
Interest & Investment Income	0.09	0.24	0.15	0.06	0.24
Earnings From Equity Investments	-0.02	-0.3	0.16	-1.18	-1.87
Other Non Operating Income (Expenses)	0.94	5.37	-5.1	-10.69	0.04
EBT Excluding Unusual Items	-10.24	-24.59	-35.9	-35.17	-18.57
Merger & Restructuring Charges	-	-	-	-1.95	-
Gain (Loss) on Sale of Investments	0.02	-1.41	-2.25	5.5	-4.79
Gain (Loss) on Sale of Assets	-	0.61	3.34	0.23	-
Asset Writedown	-	-	-42.76	-22.45	-
Other Unusual Items	3.2	-	-1.85	13.94	-
Pretax Income	-7.01	-25.38	-79.42	-39.89	-23.35
Income Tax Expense	-	-	-	-0.36	-0.03
Earnings From Continuing Operations	-7.01	-25.38	-79.42	-39.53	-23.32
Earnings From Discontinued Operations	18.93	-3.33	-79.01	-34.66	-9.09
Net Income to Company	11.92	-28.71	-158.43	-74.2	-32.41
Minority Interest in Earnings	0.15	-	3.01	11.79	-
Net Income	12.07	-28.71	-155.42	-62.4	-32.41
Net Income to Common	12.07	-28.71	-155.42	-62.4	-32.41
Shares Outstanding (Basic)	12	11	9	6	4
Shares Outstanding (Diluted)	12	11	9	6	4
Shares Change (YoY)	6.29%	26.56%	39.96%	44.73%	0.33%
EPS (Basic)	1.03	-2.60	-17.84	-10.03	-7.54
EPS (Diluted)	0.62	-3.30	-18.07	-10.03	-7.54
Free Cash Flow	-33.92	-29.84	-77.34	-90.87	-10.03
Free Cash Flow Per Share	-2.90	-2.71	-8.88	-14.60	-2.33
Gross Margin	9.07%	7.07%	-7.31%	26.52%	6.97%
Operating Margin	-34.16%	-69.39%	-54.17%	-41.98%	-783.85%
Profit Margin	36.67%	-66.61%	-272.54%	-116.05%	-1495.71%
Free Cash Flow Margin	-103.03%	-69.23%	-135.63%	-169.00%	-462.94%
EBITDA	0.29	-18.8	-3.58	-7.13	-14.48
EBITDA Margin	0.88%	-43.63%	-6.27%	-13.27%	-
D&A For EBITDA	11.54	11.1	27.32	15.44	2.51
EBIT	-11.25	-29.91	-30.89	-22.57	-16.99
EBIT Margin	-34.16%	-69.39%	-54.17%	-41.98%	-

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q