HC Wainwright Weighs in on BIT Mining FY2025 Earnings

BIT Mining Limited (NYSE:BTCM) – HC Wainwright issued their FY2025 earnings estimates for shares of BIT Mining in a research report issued to clients and investors on Thursday, December 5th. HC Wainwright analyst K. Dede forecasts that the company will post earnings per share of ($1.00) for the year. HC Wainwright currently has a “Neutral” rating on the stock.

BIT Mining Price Performance

Shares of BIT Mining stock opened at $3.33 on Monday. The company’s fifty day simple moving average is $2.79 and its 200-day simple moving average is $2.65. The stock has a market capitalization of $37.01 million, a PE ratio of -2.54 and a beta of 2.54. BIT Mining has a 1-year low of $1.79 and a 1-year high of $6.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BIT Mining stock. XTX Topco Ltd bought a new stake in shares of BIT Mining Limited (NYSE:BTCM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,288 shares of the company’s stock, valued at approximately $59,000. XTX Topco Ltd owned approximately 0.20% of BIT Mining as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.34% of the company’s stock.

BIT Mining Company Profile

BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates in two segments: Data Center and Cryptocurrency Mining. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines.