BIT Mining Limited (BTCM) - Net Assets
Based on the latest financial reports, BIT Mining Limited (BTCM) has net assets worth $61.75 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($76.57 Million) and total liabilities ($14.82 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of BIT Mining Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $61.75 Million |
| % of Total Assets | 80.64% |
| Annual Growth Rate | 14.24% |
| 5-Year Change | 11.72% |
| 10-Year Change | -76.77% |
| Growth Volatility | 95.52 |
BIT Mining Limited - Net Assets Trend (2011–2024)
This chart illustrates how BIT Mining Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is BIT Mining Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for BIT Mining Limited (2011–2024)
The table below shows the annual net assets of BIT Mining Limited from 2011 to 2024. For live valuation and market cap data, see BTCM market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $66.78 Million | +165.72% |
| 2023-12-31 | $25.13 Million | -38.40% |
| 2022-12-31 | $40.80 Million | -79.76% |
| 2021-12-31 | $201.54 Million | +237.18% |
| 2020-12-31 | $59.77 Million | -27.08% |
| 2019-12-31 | $81.97 Million | -49.00% |
| 2018-12-31 | $160.72 Million | -30.48% |
| 2017-12-31 | $231.18 Million | -11.38% |
| 2016-12-31 | $260.88 Million | -9.26% |
| 2015-12-31 | $287.49 Million | +59.56% |
| 2014-12-31 | $180.17 Million | +34.90% |
| 2013-12-31 | $133.56 Million | +31919.50% |
| 2012-12-31 | $-419.75K | -103.55% |
| 2011-12-31 | $11.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BIT Mining Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 52788658800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.00K | 0.14% |
| Other Comprehensive Income | $-4.39 Million | -7.72% |
| Other Components | $619.12 Million | 1088.22% |
| Total Equity | $56.89 Million | 100.00% |
BIT Mining Limited Competitors by Market Cap
The table below lists competitors of BIT Mining Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
edding AG
F:EDD3
|
$18.92 Million |
|
Retractable Technologies Inc
NYSE MKT:RVP
|
$18.92 Million |
|
Korea Mcnulty Co Ltd
KQ:222980
|
$18.93 Million |
|
Konsolidator AS
CO:KONSOL
|
$18.94 Million |
|
Salee Colour Public Company Limited
BK:COLOR
|
$18.91 Million |
|
OURGAME INT.HOL.DL-00005
F:13O
|
$18.90 Million |
|
Vereinigte Filzfabriken AG
MU:VFF
|
$18.90 Million |
|
UMS Holdings Bhd
KLSE:7137
|
$18.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BIT Mining Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,132,000 to 56,893,000, a change of 31,761,000 (126.4%).
- Net loss of 6,616,000 reduced equity.
- New share issuances of 2,338,000 increased equity.
- Other comprehensive income decreased equity by 116,000.
- Other factors increased equity by 36,155,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.62 Million | -11.63% |
| Share Issuances | $2.34 Million | +4.11% |
| Other Comprehensive Income | $-116.00K | -0.2% |
| Other Changes | $36.16 Million | +63.55% |
| Total Change | $- | 126.38% |
Book Value vs Market Value Analysis
This analysis compares BIT Mining Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $4.60 | $1.06 | x |
| 2012-12-31 | $-0.18 | $1.06 | x |
| 2013-12-31 | $51.42 | $1.06 | x |
| 2014-12-31 | $50.35 | $1.06 | x |
| 2015-12-31 | $70.62 | $1.06 | x |
| 2016-12-31 | $59.46 | $1.06 | x |
| 2017-12-31 | $52.89 | $1.06 | x |
| 2018-12-31 | $266.55 | $1.06 | x |
| 2019-12-31 | $19.59 | $1.06 | x |
| 2020-12-31 | $14.37 | $1.06 | x |
| 2021-12-31 | $29.56 | $1.06 | x |
| 2022-12-31 | $6.10 | $1.06 | x |
| 2023-12-31 | $2.28 | $1.06 | x |
| 2024-12-31 | $4.86 | $1.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BIT Mining Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.10%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.52x
- Recent ROE (-11.63%) is above the historical average (-44.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 18.23% | 5.84% | 0.69x | 4.54x | $974.08K |
| 2012 | 0.00% | 2.47% | 0.45x | 0.00x | $721.75K |
| 2013 | 13.10% | 40.86% | 0.27x | 1.18x | $4.14 Million |
| 2014 | 14.05% | 27.09% | 0.44x | 1.18x | $7.30 Million |
| 2015 | -18.32% | -325.35% | 0.05x | 1.18x | $-77.13 Million |
| 2016 | -11.85% | -1857.29% | 0.01x | 1.21x | $-53.90 Million |
| 2017 | -22.49% | -245.83% | 0.07x | 1.24x | $-70.16 Million |
| 2018 | -5.88% | -358.22% | 0.10x | 0.16x | $-177.32 Million |
| 2019 | -108.82% | -1611.09% | 0.06x | 1.22x | $-99.78 Million |
| 2020 | -52.44% | -1495.71% | 0.03x | 1.17x | $-38.59 Million |
| 2021 | -33.92% | -4.70% | 4.51x | 1.60x | $-80.80 Million |
| 2022 | -292.53% | -272.54% | 0.77x | 1.40x | $-160.73 Million |
| 2023 | -114.24% | -66.61% | 0.59x | 2.89x | $-31.22 Million |
| 2024 | -11.63% | -20.10% | 0.38x | 1.52x | $-12.31 Million |
Industry Comparison
This section compares BIT Mining Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,090,119,917
- Average return on equity (ROE) among peers: 1.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BIT Mining Limited (BTCM) | $61.75 Million | 18.23% | 0.24x | $18.91 Million |
| Accenture plc (ACN) | $2.68 Billion | 35.12% | 2.34x | $110.67 Billion |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $89.55 Million |
| Applied Digital Corporation (APLD) | $3.63 Million | -76.89% | 0.16x | $7.31 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $8.21 Million |
| ASGN Inc (ASGN) | $1.38 Billion | 12.69% | 1.14x | $904.39 Million |
| Aurora Innovation Inc (AUR) | $1.99 Billion | -40.10% | 0.13x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $11.68 Million | 53.50% | 0.37x | $1.87 Billion |
| Broadridge Financial Solutions Inc (BR) | $745.80 Million | 25.77% | 2.80x | $18.21 Billion |
| CACI International Inc (CACI) | $2.67 Billion | 17.16% | 1.32x | $11.34 Billion |
About BIT Mining Limited
BIT Mining Limited operates as a cryptocurrency mining company in the Mainland China, the United States, and Hong Kong. The company operates through Data Center and Cryptocurrency Mining segments. It operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts; and purchases and deploys bitcoin mining machines. In addition, it engages in online gaming activities; and… Read more