HC Wainwright Forecasts BIT Mining FY2025 Earnings

BIT Mining Limited (NYSE:BTCM) – Equities researchers at HC Wainwright issued their FY2025 earnings estimates for BIT Mining in a note issued to investors on Thursday, December 5th. HC Wainwright analyst K. Dede anticipates that the company will earn ($1.00) per share for the year. HC Wainwright currently has a “Neutral” rating on the stock.

BIT Mining Trading Up 13.7 %

NYSE BTCM opened at $3.90 on Monday. BIT Mining has a 12 month low of $1.79 and a 12 month high of $6.95. The company’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.64. The stock has a market cap of $43.33 million, a PE ratio of -2.98 and a beta of 2.54.

Hedge Funds Weigh In On BIT Mining

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) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,288 shares of the company’s stock, valued at approximately $59,000. XTX Topco Ltd owned about 0.20% of BIT Mining as of its most recent SEC filing. 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.