BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2024
BIT Mining (NYSE: BTCM) has reported its Q4 and full-year 2024 unaudited financial results. The company completed a 51% acquisition of an Ethiopia data center in December 2024, marking a strategic shift toward global data center operations.
Q4 2024 highlights include revenues of US$8.8 million, down from US$10.4 million in Q4 2023 but up from US$4.8 million in Q3 2024. Operating loss improved to US$2.5 million, significantly better than the US$14.3 million loss in Q4 2023. Net loss attributable to BIT Mining was US$2.1 million.
The company's current operations include 395.00 PH/s of BTC mining capacity and 13,793.00 GH/s of DOGE/LTC mining capacity. The 82.5 megawatt Ohio Mining Site generated US$3.8 million in service fee revenue. The remaining Ethiopian mining facilities are expected to be operational by mid-Q2 2025.
BIT Mining (NYSE: BTCM) ha riportato i risultati finanziari non auditati per il quarto trimestre e per l'intero anno 2024. L'azienda ha completato un'acquisizione del 51% di un centro dati in Etiopia nel dicembre 2024, segnando un cambiamento strategico verso operazioni globali nei centri dati.
Tra i punti salienti del Q4 2024 ci sono ricavi di 8,8 milioni di dollari USA, in calo rispetto ai 10,4 milioni di dollari USA nel Q4 2023, ma in aumento rispetto ai 4,8 milioni di dollari USA nel Q3 2024. La perdita operativa è migliorata a 2,5 milioni di dollari USA, significativamente migliore rispetto alla perdita di 14,3 milioni di dollari USA nel Q4 2023. La perdita netta attribuibile a BIT Mining è stata di 2,1 milioni di dollari USA.
Le operazioni attuali dell'azienda includono una capacità di mining BTC di 395,00 PH/s e una capacità di mining DOGE/LTC di 13.793,00 GH/s. Il sito minerario dell'Ohio, da 82,5 megawatt, ha generato ricavi da servizi per 3,8 milioni di dollari USA. Si prevede che le restanti strutture minerarie etiopi siano operative entro metà Q2 2025.
BIT Mining (NYSE: BTCM) ha reportado sus resultados financieros no auditados del cuarto trimestre y del año completo 2024. La compañía completó una adquisición del 51% de un centro de datos en Etiopía en diciembre de 2024, marcando un cambio estratégico hacia operaciones de centros de datos globales.
Los aspectos destacados del Q4 2024 incluyen ingresos de 8.8 millones de dólares estadounidenses, en comparación con los 10.4 millones de dólares estadounidenses en el Q4 2023, pero en aumento desde los 4.8 millones de dólares estadounidenses en el Q3 2024. La pérdida operativa mejoró a 2.5 millones de dólares estadounidenses, significativamente mejor que la pérdida de 14.3 millones de dólares estadounidenses en el Q4 2023. La pérdida neta atribuible a BIT Mining fue de 2.1 millones de dólares estadounidenses.
Las operaciones actuales de la compañía incluyen una capacidad de minería BTC de 395.00 PH/s y una capacidad de minería DOGE/LTC de 13,793.00 GH/s. El sitio de minería de Ohio, de 82.5 megavatios, generó ingresos por tarifas de servicio de 3.8 millones de dólares estadounidenses. Se espera que las restantes instalaciones mineras etíopes estén operativas a mediados del Q2 2025.
BIT Mining (NYSE: BTCM)은 2024년 4분기 및 전체 연도 비감사 재무 결과를 발표했습니다. 이 회사는 2024년 12월 에티오피아 데이터 센터의 51% 인수를 완료하며 글로벌 데이터 센터 운영으로의 전략적 전환을 나타냈습니다.
2024년 4분기 주요 내용으로는 880만 달러의 수익이 있으며, 이는 2023년 4분기의 1,040만 달러에서 감소했지만 2024년 3분기의 480만 달러에서 증가했습니다. 운영 손실은 250만 달러로 개선되어 2023년 4분기의 1,430만 달러 손실보다 크게 개선되었습니다. BIT Mining에 귀속된 순손실은 210만 달러였습니다.
회사의 현재 운영에는 395.00 PH/s의 BTC 채굴 용량과 13,793.00 GH/s의 DOGE/LTC 채굴 용량이 포함됩니다. 82.5메가와트의 오하이오 채굴 사이트는 서비스 수수료 수익으로 380만 달러를 생성했습니다. 남은 에티오피아 채굴 시설은 2025년 2분기 중반까지 운영될 것으로 예상됩니다.
BIT Mining (NYSE: BTCM) a publié ses résultats financiers non audités pour le quatrième trimestre et l'année entière 2024. L'entreprise a achevé une acquisition de 51 % d'un centre de données en Éthiopie en décembre 2024, marquant un changement stratégique vers des opérations de centres de données mondiaux.
Les points forts du Q4 2024 incluent des revenus de 8,8 millions de dollars américains, en baisse par rapport à 10,4 millions de dollars américains au Q4 2023, mais en hausse par rapport à 4,8 millions de dollars américains au Q3 2024. La perte d'exploitation s'est améliorée à 2,5 millions de dollars américains, ce qui est nettement mieux que la perte de 14,3 millions de dollars américains au Q4 2023. La perte nette attribuable à BIT Mining était de 2,1 millions de dollars américains.
Les opérations actuelles de l'entreprise comprennent une capacité de minage BTC de 395,00 PH/s et une capacité de minage DOGE/LTC de 13 793,00 GH/s. Le site minier de l'Ohio, de 82,5 mégawatts, a généré des revenus de frais de service de 3,8 millions de dollars américains. Les autres installations minières éthiopiennes devraient être opérationnelles d'ici le milieu du Q2 2025.
BIT Mining (NYSE: BTCM) hat seine ungeprüften Finanzzahlen für das vierte Quartal und das gesamte Jahr 2024 veröffentlicht. Das Unternehmen hat im Dezember 2024 eine 51%ige Übernahme eines Datenzentrums in Äthiopien abgeschlossen, was einen strategischen Wechsel zu globalen Datenzentrumsoperationen markiert.
Die Höhepunkte des Q4 2024 umfassen Einnahmen von 8,8 Millionen US-Dollar, ein Rückgang von 10,4 Millionen US-Dollar im Q4 2023, aber ein Anstieg von 4,8 Millionen US-Dollar im Q3 2024. Der operative Verlust verbesserte sich auf 2,5 Millionen US-Dollar, was erheblich besser ist als der Verlust von 14,3 Millionen US-Dollar im Q4 2023. Der Nettverlust, der BIT Mining zuzurechnen ist, betrug 2,1 Millionen US-Dollar.
Die aktuellen Operationen des Unternehmens umfassen eine BTC-Mining-Kapazität von 395,00 PH/s und eine DOGE/LTC-Mining-Kapazität von 13.793,00 GH/s. Der 82,5 Megawatt große Mining-Standort in Ohio erzielte Einnahmen aus Dienstleistungsgebühren von 3,8 Millionen US-Dollar. Die verbleibenden äthiopischen Mining-Anlagen sollen bis zur Mitte des Q2 2025 betriebsbereit sein.
- Operating loss improved by US$11.8M year-over-year to US$2.5M
- Strategic expansion with 51% acquisition of Ethiopia data center
- Ohio Mining Site revenue increased by US$2.1M quarter-over-quarter
- Cryptocurrency assets holdings of US$9.6M
- Revenue declined 15.4% year-over-year to US$8.8M in Q4 2024
- Net loss of US$2.1M in Q4 2024
- Cash and cash equivalents decreased to US$1.8M from US$3.2M YoY
- Higher network computing power increased mining difficulty
Insights
BIT Mining's Q4 2024 results reveal meaningful strategic shifts despite continued challenges. The $8.8 million revenue represents an 83.3% sequential increase from Q3, though still down 15.4% year-over-year. Most encouraging is the narrowed operating loss of $2.5 million, a substantial improvement from the $14.3 million loss in Q4 2023.
The December acquisition of a 51% stake in an Ethiopia data center marks a strategic pivot from pure mining toward more stable infrastructure operations. This geographic diversification could provide regulatory arbitrage and potentially lower operating costs.
Several financial indicators warrant attention: 1) The company's
The 82.5 megawatt Ohio facility shows promising revenue growth with new customers, generating
The
BIT Mining's operational metrics reveal the harsh realities facing small-scale miners in today's environment. With just 395 PH/s of Bitcoin hash rate capacity, they produced only 3.16 BTC in Q4 2024, generating minimal revenue of
Their DOGE/LTC mining operations are more substantial at 13,793 GH/s, producing 16.1 million DOGE and 4,578 LTC with
The Ethiopia data center acquisition represents a calculated bet on emerging market expansion where electricity costs may be lower. However, operational challenges in such markets can be significant, and the regulatory environment for cryptocurrency mining remains fluid globally.
The adoption of ASU 2023-08 accounting standards for fair value measurement of cryptocurrency assets (versus the previous impairment model) significantly impacts financial comparisons. This accounting change eliminates the "impairment-only" approach that previously required write-downs without allowing write-ups when prices recovered.
With 19.06 BTC, 1,246 ETH, and 7.6 million DOGE on their balance sheet, BIT Mining maintains significant crypto exposure. However, these holdings face constant dilution from ongoing operational losses, creating pressure to either monetize assets or raise additional capital.
On December 9, 2024, the Company completed the first closing of acquisition of cryptocurrency mining data centers and Bitcoin ("BTC") mining machines in
Xianfeng Yang, Chief Executive Officer of BIT Mining, commented, "We are pleased to present robust and growth-oriented financial results for the fourth quarter. Throughout this period, we have implemented a range of initiatives to enhance operational efficiency and continuously refine our business structure, all of which have produced favorable outcomes. We successfully completed the first closing of the
Fourth Quarter 2024 Highlights for Continuing Operations
- Revenues were
US for the fourth quarter of 2024, representing a decrease of$8.8 million US from$1.6 million US for the fourth quarter of 2023, and an increase of$10.4 million US from$4.0 million US for the third quarter of 2024.$4.8 million - Operating loss was
US for the fourth quarter of 2024, representing a significant decrease of$2.5 million US from$11.8 million US for the fourth quarter of 2023, and a decrease of$14.3 million US from$2.3 million US for the third quarter of 2024.$4.8 million - Non-GAAP operating loss1 was
US for the fourth quarter of 2024, compared with non-GAAP operating loss of$2.3 million US for the fourth quarter of 2023, and non-GAAP operating loss of$4.0 million US for the third quarter of 2024.$4.8 million - Net loss attributable to BIT Mining was
US for the fourth quarter of 2024, compared with net loss attributable to BIT Mining of$2.1 million US for the fourth quarter of 2023, and net loss attributable to BIT Mining of$15.5 million US for the third quarter of 2024.$4.8 million - Non-GAAP net loss1 attributable to BIT Mining was
US .0 million for the fourth quarter of 2024, compared with non-GAAP net loss attributable to BIT Mining of$2 US for the fourth quarter of 2023, and non-GAAP net loss attributable to BIT Mining of$4.4 million US for the third quarter of 2024.$4.8 million - Basic and diluted losses per American Depositary Share ("ADS")2 attributable to BIT Mining Limited including from continuing operations and discontinued operations for the fourth quarter of 2024 were
US .$0.16 - Non-GAAP basic and diluted losses per ADS2 attributable to BIT Mining Limited including from continuing operations and discontinued operations for the fourth quarter of 2024 were
US .$0.16
Full Year 2024 Highlights for Continuing Operations
- Revenues were
US for the full year 2024, compared with revenues of$32.9 million US for the full year 2023.$43.1 million - Operating loss was
US for the full year 2024, compared with operating loss of$7.8 million US for the full year 2023.$25.2 million - Non-GAAP operating loss1 was
US for the full year 2024, compared with non-GAAP operating loss of$6.6 million US for the full year 2023.$14.2 million - Net loss attributable to BIT Mining was
US for the full year 2024, compared with net loss attributable to BIT Mining of$6.9 million US for the full year 2023.$25.4 million - Non-GAAP net loss1 attributable to BIT Mining was
US for the full year 2024, compared with non-GAAP net loss attributable to BIT Mining of$6.1 million US for the full year 2023.$13.5 million - Basic and diluted earnings per ADS2 attributable to BIT Mining Limited including from continuing operations and discontinued operations for the full year 2024 were
US .$1.03 - Non-GAAP basic and diluted earnings per ADS2 attributable to BIT Mining Limited including from continuing operations and discontinued operations for the full year 2024 were
US .$1.09
Full Year 2024 Highlights for Discontinued Operations
- Net income from discontinued operations, net of applicable income taxes was
US for the full year 2024, compared with net loss from discontinued operations, net of applicable income taxes of$18.9 million US for the full year 2023. The year-over-year increase of$3.3 million US was mainly attributable to the gain on disposal of discontinued operations, net of applicable income taxes of$22.2 million US for the full year 2024.$18.7 million
1 Non-GAAP financial measures exclude the impact of share-based compensation expenses, legal contingencies, changes in gain from short-term investments, gain from disposal of long-term investments, impairment of long-term investments and changes in fair value of derivative instruments. Reconciliations of non-GAAP financial measures to |
2 American Depositary Shares, which are traded on the NYSE. Each ADS represents one hundred Class A ordinary shares of the Company. |
Fourth Quarter 2024 Financial Results for Continuing Operations
Revenues
Revenues were mainly comprised of
Self-mining
As of today, the total hash rate capacity of our DOGE/LTC mining machines in operation is approximately 13,793.00 GH/s. For the three months ended December 31, 2024, we produced 16.1 million DOGE and 4,578 LTC from our DOGE/LTC cryptocurrency mining operations and recognized revenue of approximately
Considerable uncertainty persists in the market despite the recent modest recovery and growth in cryptocurrency asset prices. Facing this current environment, we remain determined to improve our quality and efficiency. As of today, the total hash rate capacity of our BTC mining machines in operation is approximately 395.00 PH/s. For the three months ended December 31, 2024, we produced 3.16 BTC from our BTC cryptocurrency mining operations and recognized revenue of approximately
Data Center Operation
During the fourth quarter of 2024, our 82.5 megawatt space (the "82.5 Megawatt Space") at the Ohio Mining Site recognized approximately
Overall
Revenues were
Operating Costs and Expenses
Operating costs and expenses were
Cost of revenue was
Sales and marketing expenses were
General and administrative expenses were
Other Operating Expenses
Other operating expenses were
Net Gain on Disposal of Cryptocurrency Assets
Net gain on disposal of cryptocurrency assets was
Impairment of Cryptocurrency Assets
Impairment of cryptocurrency assets was
Changes in Fair Value of Cryptocurrency Assets
Changes in fair value of cryptocurrency assets were
Operating Loss from Continuing Operations
Operating loss from continuing operations was
Non-GAAP operating loss from continuing operations was
Net Loss Attributable to BIT Mining Including from Continuing Operations and Discontinued Operations
Net loss attributable to BIT Mining was
Non-GAAP net loss attributable to BIT Mining was
Cash and Cash Equivalents
As of December 31, 2024, the Company had cash and cash equivalents of
Cryptocurrency Assets
As of December 31, 2024, the Company had cryptocurrency assets of
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
Safe Harbor Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
About Non-GAAP Financial Measures
As a supplement to net loss, we use the non-GAAP financial measure of adjusted net loss which is
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
BIT Mining Limited | ||||||||
Condensed Consolidated Balance Sheets | ||||||||
(Amounts in thousands of | ||||||||
(Unaudited) | ||||||||
December 31, | December 31, | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | 3,244 | 1,808 | ||||||
Accounts receivable | 2,876 | 1,913 | ||||||
Prepayments and other current assets | 6,298 | 5,583 | ||||||
Cryptocurrency assets | 7,625 | 9,581 | ||||||
Current assets of discontinued operations | 13,813 | - | ||||||
Total current assets | 33,856 | 18,885 | ||||||
Non-current assets: | ||||||||
Property and equipment, net | 22,833 | 19,780 | ||||||
Intangible assets, net | 2,033 | 7,633 | ||||||
Deposits | 2,466 | 2,462 | ||||||
Long-term investments | 4,173 | 3,775 | ||||||
Right-of-use assets | 4,273 | 2,627 | ||||||
Long-term prepayments and other non-current assets | 2,962 | 27,406 | ||||||
Total non-current assets | 38,740 | 63,683 | ||||||
TOTAL ASSETS | 72,596 | 82,568 | ||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | 821 | 19 | ||||||
Accrued payroll and welfare payable | 410 | 306 | ||||||
Accrued expenses and other current liabilities | 14,333 | 6,958 | ||||||
Operating lease liabilities – current | 1,681 | 1,477 | ||||||
Income tax payable | 76 | 71 | ||||||
Current liabilities of discontinued operations | 27,605 | - | ||||||
Total current liabilities | 44,926 | 8,831 | ||||||
Non-current liabilities: | ||||||||
Other non-current liabilities | - | 776 | ||||||
Operating lease liabilities - non-current | 2,538 | 1,071 | ||||||
Total non-current liabilities | 2,538 | 1,847 | ||||||
TOTAL LIABILITIES | 47,464 | 10,678 | ||||||
Shareholders' equity: | ||||||||
Class A ordinary shares, par value | 54 | 78 | ||||||
Class A preference shares, par value | - | - | ||||||
Class B ordinary shares, par value | - | - | ||||||
Additional paid-in capital | 621,837 | 640,723 | ||||||
Treasury shares | (21,604) | (21,604) | ||||||
Accumulated deficit and statutory reserve | (570,879) | (557,915) | ||||||
Accumulated other comprehensive loss | (4,276) | (4,394) | ||||||
Total BIT Mining Limited shareholders' equity | 25,132 | 56,888 | ||||||
Non-controlling interests | - | 15,002 | ||||||
Total shareholders' equity | 25,132 | 71,890 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 72,596 | 82,568 | ||||||
BIT Mining Limited | ||||||||||||||||||||
Condensed Consolidated Statements of Comprehensive (Loss) Income | ||||||||||||||||||||
(Amounts in thousands of | ||||||||||||||||||||
except for number of shares, per share (or ADS) data) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||||||
Revenues | 10,407 | 4,770 | 8,793 | 43,101 | 32,922 | |||||||||||||||
Operating costs and expenses: | ||||||||||||||||||||
Cost of revenue | (9,843) | (6,448) | (8,506) | (40,055) | (29,938) | |||||||||||||||
Sales and marketing expenses | (31) | (16) | (16) | (153) | (54) | |||||||||||||||
General and administrative | (3,820) | (2,513) | (4,375) | (18,465) | (13,609) | |||||||||||||||
Service development expenses | - | - | - | (874) | (69) | |||||||||||||||
Total operating costs and expenses | (13,694) | (8,977) | (12,897) | (59,547) | (43,670) | |||||||||||||||
Other operating income | 46 | 11 | 196 | 180 | 214 | |||||||||||||||
Other operating expenses | (12,345) | (2) | (481) | (13,642) | (536) | |||||||||||||||
Net gain on disposal of | 1,531 | - | - | 7,074 | - | |||||||||||||||
Impairment of cryptocurrency | (242) | - | - | (2,359) | - | |||||||||||||||
Changes in fair value of | - | (601) | 1,830 | - | 3,203 | |||||||||||||||
Changes in fair value of | - | - | 37 | - | 37 | |||||||||||||||
Operating loss from continuing | (14,297) | (4,799) | (2,522) | (25,193) | (7,830) | |||||||||||||||
Other income (expense), net | 289 | (21) | 253 | 691 | 370 | |||||||||||||||
Interest income | - | 1 | - | 242 | 2 | |||||||||||||||
Loss from equity method | (620) | - | (153) | (295) | (20) | |||||||||||||||
Impairment of long-term | (1,408) | - | - | (1,408) | - | |||||||||||||||
Gain from disposal of long-term | - | - | - | 614 | - | |||||||||||||||
Gain from short-term | - | - | 55 | - | 210 | |||||||||||||||
Changes in fair value of | 498 | 69 | 85 | (35) | 257 | |||||||||||||||
Loss before income tax from | (15,538) | (4,750) | (2,282) | (25,384) | (7,011) | |||||||||||||||
Income tax benefits | - | - | - | - | - | |||||||||||||||
Net loss from continuing | (15,538) | (4,750) | (2,282) | (25,384) | (7,011) | |||||||||||||||
(Loss) income from discontinued | (3,416) | - | - | (3,326) | 240 | |||||||||||||||
Gain on disposal of | - | - | - | - | 18,687 | |||||||||||||||
Net (loss) income from | (3,416) | - | - | (3,326) | 18,927 | |||||||||||||||
Net (loss) income | (18,954) | (4,750) | (2,282) | (28,710) | 11,916 | |||||||||||||||
Less: Net loss attributable to the | - | - | (155) | - | (155) | |||||||||||||||
Net (loss) income attributable | (18,954) | (4,750) | (2,127) | (28,710) | 12,071 | |||||||||||||||
Other comprehensive income | ||||||||||||||||||||
Foreign currency translation | 168 | 140 | (143) | (316) | (118) | |||||||||||||||
Other comprehensive income | 168 | 140 | (143) | (316) | (118) | |||||||||||||||
Comprehensive (loss) income | (18,786) | (4,610) | (2,425) | (29,026) | 11,798 | |||||||||||||||
Less: comprehensive loss | - | - | (155) | - | (155) | |||||||||||||||
Comprehensive (loss) income | (18,786) | (4,610) | (2,270) | (29,026) | 11,953 | |||||||||||||||
Weighted average number of | ||||||||||||||||||||
Basic | 1,111,232,309 | 1,154,341,490 | 1,293,350,917 | 1,102,373,814 | 1,171,663,331 | |||||||||||||||
Diluted | 1,111,232,309 | 1,154,341,490 | 1,293,350,917 | 1,102,373,814 | 1,171,663,331 | |||||||||||||||
(Losses) earnings per share | ||||||||||||||||||||
Net loss from continuing | (0.02) | (0.00) | (0.00) | (0.03) | (0.01) | |||||||||||||||
Net (loss) income from | (0.00) | 0.00 | 0.00 | (0.00) | 0.02 | |||||||||||||||
Net (loss) income | (0.02) | (0.00) | (0.00) | (0.03) | 0.01 | |||||||||||||||
(Losses) earnings per ADS* | ||||||||||||||||||||
Net loss from continuing | (1.40) | (0.41) | (0.16) | (2.30) | (0.59) | |||||||||||||||
Net (loss) income from | (0.31) | 0.00 | 0.00 | (0.30) | 1.62 | |||||||||||||||
Net (loss) income | (1.71) | (0.41) | (0.16) | (2.60) | 1.03 | |||||||||||||||
* American Depositary Shares, which are traded on the NYSE. Each ADS represents 100 Class A ordinary shares of the Company. | ||||||||||||||||||||
BIT Mining Limited | ||||||||||||||||||||
Reconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures | ||||||||||||||||||||
(Amounts in thousands of | ||||||||||||||||||||
except for number of shares, per share (or ADS) data) | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Three Months Ended | Twelve Months Ended | |||||||||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||||||
Operating loss from continuing | (14,297) | (4,799) | (2,522) | (25,193) | (7,830) | |||||||||||||||
Adjustment for share-based | 276 | - | 219 | 1,030 | 1,214 | |||||||||||||||
Adjustment for legal | 10,000 | - | - | 10,000 | - | |||||||||||||||
Adjusted operating loss (non- | (4,021) | (4,799) | (2,303) | (14,163) | (6,616) | |||||||||||||||
Net (loss) income attributable | (18,954) | (4,750) | (2,127) | (28,710) | 12,071 | |||||||||||||||
Net (loss) income attributable to | (3,416) | - | - | (3,326) | 18,927 | |||||||||||||||
Net loss attributable to BIT | (15,538) | (4,750) | (2,127) | (25,384) | (6,856) | |||||||||||||||
Adjustment for share-based | 276 | - | 219 | 1,030 | 1,214 | |||||||||||||||
Adjustment for legal | 10,000 | - | - | 10,000 | - | |||||||||||||||
Adjustment for gain from | - | - | - | (614) | - | |||||||||||||||
Adjustment for impairment of | 1,408 | - | - | 1,408 | - | |||||||||||||||
Adjustment for changes in fair | (498) | (69) | (85) | 35 | (257) | |||||||||||||||
Adjustment for changes in gain | - | - | (55) | - | (210) | |||||||||||||||
Adjusted net loss attributable | (4,352) | (4,819) | (2,048) | (13,525) | (6,109) | |||||||||||||||
Net (loss) income from | (3,416) | - | - | (3,326) | 18,927 | |||||||||||||||
Adjusted net (loss) income | (3,416) | - | - | (3,326) | 18,927 | |||||||||||||||
Adjusted net (loss) income | (7,768) | (4,819) | (2,048) | (16,851) | 12,818 | |||||||||||||||
Weighted average number | ||||||||||||||||||||
Basic | 1,111,232,309 | 1,154,341,490 | 1,293,350,917 | 1,102,373,814 | 1,171,663,331 | |||||||||||||||
Diluted | 1,111,232,309 | 1,154,341,490 | 1,293,350,917 | 1,102,373,814 | 1,171,663,331 | |||||||||||||||
(Losses) earnings per share | ||||||||||||||||||||
Adjusted net loss from | (0.01) | (0.00) | (0.00) | (0.01) | (0.01) | |||||||||||||||
Adjusted net (loss) income | (0.00) | 0.00 | 0.00 | (0.00) | 0.02 | |||||||||||||||
Adjusted net (loss) income | (0.01) | (0.00) | (0.00) | (0.01) | 0.01 | |||||||||||||||
(Losses) earnings per ADS* | ||||||||||||||||||||
Adjusted net loss from | (0.39) | (0.42) | (0.16) | (1.23) | (0.53) | |||||||||||||||
Adjusted net (loss) income | (0.31) | 0.00 | 0.00 | (0.30) | 1.62 | |||||||||||||||
Adjusted net loss (non-GAAP) | (0.70) | (0.42) | (0.16) | (1.53) | 1.09 | |||||||||||||||
* American Depositary Shares, which are traded on the NYSE. Each ADS represents 100 Class A ordinary shares of the Company. | ||||||||||||||||||||
View original content:https://www.prnewswire.com/news-releases/bit-mining-limited-announces-unaudited-financial-results-for-the-fourth-quarter-and-full-year-ended-december-31-2024-302388524.html
SOURCE BIT Mining Limited
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