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BIT Mining (BTCM) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChart

BIT Mining Revenue Highlights

Latest Revenue (Y)

$43.10M

Latest Revenue (Q)

$10.41M

Main Segment (Y)

Mining pool

Main Geography (Y)

British Virgin Islands

BIT Mining Revenue by Period

BIT Mining Revenue by Year

DateRevenueChange
2023-12-31$43.10M-93.37%
2022-12-31$650.23M-50.99%
2021-12-31$1.33B39637.57%
2020-12-31$3.34M-41.13%
2019-12-31$5.67M-69.05%
2018-12-31$18.33M-7.23%
2017-12-31$19.76M1155.43%
2016-12-31$1.57M-89.74%
2015-12-31$15.33M-83.59%
2014-12-31$93.46M118.22%
2013-12-31$42.83M55.84%
2012-12-31$27.48M-25.66%
2011-12-31$36.97M55.79%
2010-12-31$23.73M-

BIT Mining generated $43.10M in revenue during NA 2023, up -93.37% compared to the previous quarter, and up 235.14% compared to the same period a year ago.

BIT Mining Revenue by Quarter

DateRevenueChange
2023-12-31$10.41M-86.49%
2023-09-30$77.02M3.99%
2023-06-30$74.06M1.64%
2023-03-31$72.87M19.38%
2022-12-31$61.04M-37.06%
2022-09-30$96.99M-50.40%
2022-06-30$195.52M-34.10%
2022-03-31$296.68M-40.16%
2021-12-31$495.76M26.12%
2021-09-30$393.09M-11.58%
2021-06-30$444.58M14861.08%
2021-03-31$2.97M116.73%
2020-12-31$1.37M52.32%
2020-09-30$900.17K74.98%
2020-06-30$514.45K19.38%
2020-03-31$430.92K-64.88%
2019-12-31$1.23M-10.47%
2019-09-30$1.37M-15.22%
2019-06-30$1.62M-23.99%
2019-03-31$2.13M-46.14%
2018-12-31$3.95M-9.82%
2018-09-30$4.38M-4.52%
2018-06-30$4.59M-24.98%
2018-03-31$6.11M-16.98%
2017-12-31$7.36M13.66%
2017-09-30$6.48M127.61%
2017-06-30$2.85M6.36%
2017-03-31$2.68M148.75%
2016-12-31$1.08M100.00%
2016-09-30--100.00%
2016-06-30$186.50K-45.70%
2016-03-31$343.46K215.37%
2015-12-31$108.91K100.00%
2015-09-30-100.00%
2015-06-30--100.00%
2015-03-31$98.84M-32.40%
2014-12-31$146.23M-22.04%
2014-09-30$187.56M20.13%
2014-06-30$156.14M73.90%
2014-03-31$89.78M-6.59%
2013-12-31$96.12M38.83%
2013-09-30$69.24M26.60%
2013-06-30$54.69M38.51%
2013-03-31$39.48M-3.20%
2012-12-31$40.79M-

BIT Mining generated $10.41M in revenue during Q4 2023, up -86.49% compared to the previous quarter, and up 10.73% compared to the same period a year ago.

BIT Mining Revenue Breakdown

BIT Mining Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21
Cryptocurrency mining$118.69M$39.43M
Mining pool$1.85B$1.28B
Others$3.62M$2.52M
Data center$37.85M$11.82M

BIT Mining's latest annual revenue breakdown by segment (product or service), as of Dec 22: Mining pool (92.04%), Cryptocurrency mining (5.90%), Data center (1.88%), and Others (0.18%).

Quarterly Revenue by Product

Product/ServiceDec 22Jun 22Jun 21
Cryptocurrency mining$14.93M$37.82M-
Others$3.23M$200.00K-
Data center$27.66M$3.39M-
Mining pool$455.79M$450.78M-
All Other Segments--$12.37M
Cryptocurrency Mining--$73.46M
Data Center--$73.76M
Mining Pool--$2.73B
Other Revenue--$16.35M

BIT Mining's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Mining pool (90.87%), Data center (5.52%), Cryptocurrency mining (2.98%), and Others (0.64%).

BIT Mining Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19Dec 18
British Virgin Islands$492.15M----
USA$17.58M----
Hong Kong$47.04M----
Cayman Islands$2.90M----
Others-$2.52M---
C--$6.89M$4.09M-
Europe--$14.93M$35.60M$105.51M
CHINA----$20.58M

BIT Mining's latest annual revenue breakdown by geography, as of Dec 22: British Virgin Islands (87.94%), Hong Kong (8.40%), USA (3.14%), and Cayman Islands (0.52%).

Quarterly Revenue by Country

CountryDec 22Jun 22
USA$9.80M$7.78M
Hong Kong$19.43M$27.61M
Others-$200.00K
Europe-$8.00K
Kazakhstan-$6.01M
Cryptocurrency mining-$37.82M
Data center-$3.39M
Mining pool-$450.78M

BIT Mining's latest quarterly revenue breakdown by geography, as of Dec 22: Hong Kong (66.47%), and USA (33.53%).

BIT Mining Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GDSGDS$9.96B$2.63B
CACICACI$7.66B$2.06B
VNETVNET Group$7.41B$1.90B
ITGartner$5.91B$1.48B
CLVTClarivate$2.63B$622.20M
EXLSExlService$1.63B$472.07M
WNSWNS$1.32B$322.60M
TWKSThoughtworks$1.13B$251.67M
CYXTCyxtera$746.00M$196.70M
BBAIBigBear.ai$155.16M$41.51M
CLPSCLPS In$150.36M$71.77M
INODInnodata$86.78M$52.22M
BTCMBIT Mining$43.10M$10.41M
ARBBARB IOT Group$27.99M$15.81M

BTCM Revenue FAQ

What is BIT Mining’s yearly revenue?

BIT Mining's yearly revenue for 2023 was $43.1M, representing a decrease of -93.37% compared to 2022. The company's yearly revenue for 2022 was $650.23M, representing a decrease of -50.99% compared to 2021. BTCM's yearly revenue for 2021 was $1.33B, representing an increase of 39637.57% compared to 2020.

What is BIT Mining’s quarterly revenue?

BIT Mining's quarterly revenue for Q4 2023 was $10.41M, a -86.49% decrease from the previous quarter (Q3 2023), and a -82.95% decrease year-over-year (Q4 2022). The company's quarterly revenue for Q3 2023 was $77.02M, a 3.99% increase from the previous quarter (Q2 2023), and a -20.59% decrease year-over-year (Q3 2022). BTCM's quarterly revenue for Q2 2023 was $74.06M, a 1.64% increase from the previous quarter (Q1 2023), and a -62.12% decrease year-over-year (Q2 2022).

What is BIT Mining’s revenue growth rate?

BIT Mining's revenue growth rate for the last 3 years (2021-2023) was -96.75%, and for the last 5 years (2019-2023) was 659.85%.

What are BIT Mining’s revenue streams?

BIT Mining's revenue streams in c 22 are Cryptocurrency mining, Mining pool, Others, and Data center. Cryptocurrency mining generated $118.69M in revenue, accounting 5.90% of the company's total revenue, up 201.03% year-over-year. Mining pool generated $1.85B in revenue, accounting 92.04% of the company's total revenue, up 45.23% year-over-year. Others generated $3.62M in revenue, accounting 0.18% of the company's total revenue, up 44.04% year-over-year. Data center generated $37.85M in revenue, accounting 1.88% of the company's total revenue, up 220.05% year-over-year.

What is BIT Mining’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of BIT Mining was Mining pool. This segment made a revenue of $1.85B, representing 92.04% of the company's total revenue.