BIT Mining (BTCM) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $43.10M | -93.37% |
| 2022-12-31 | $650.23M | -50.99% |
| 2021-12-31 | $1.33B | 39637.57% |
| 2020-12-31 | $3.34M | -41.13% |
| 2019-12-31 | $5.67M | -69.05% |
| 2018-12-31 | $18.33M | -7.23% |
| 2017-12-31 | $19.76M | 1155.43% |
| 2016-12-31 | $1.57M | -89.74% |
| 2015-12-31 | $15.33M | -83.59% |
| 2014-12-31 | $93.46M | 118.22% |
| 2013-12-31 | $42.83M | 55.84% |
| 2012-12-31 | $27.48M | -25.66% |
| 2011-12-31 | $36.97M | 55.79% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $10.41M | -86.49% |
| 2023-09-30 | $77.02M | 3.99% |
| 2023-06-30 | $74.06M | 1.64% |
| 2023-03-31 | $72.87M | 19.38% |
| 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 | $495.76M | 26.12% |
| 2021-09-30 | $393.09M | -11.58% |
| 2021-06-30 | $444.58M | 14861.08% |
| 2021-03-31 | $2.97M | 116.73% |
| 2020-12-31 | $1.37M | 52.32% |
| 2020-09-30 | $900.17K | 74.98% |
| 2020-06-30 | $514.45K | 19.38% |
| 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 | $7.36M | 13.66% |
| 2017-09-30 | $6.48M | 127.61% |
| 2017-06-30 | $2.85M | 6.36% |
| 2017-03-31 | $2.68M | 148.75% |
| 2016-12-31 | $1.08M | 100.00% |
| 2016-09-30 | - | -100.00% |
| 2016-06-30 | $186.50K | -45.70% |
| 2016-03-31 | $343.46K | 215.37% |
| 2015-12-31 | $108.91K | 100.00% |
| 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 | $187.56M | 20.13% |
| 2014-06-30 | $156.14M | 73.90% |
| 2014-03-31 | $89.78M | -6.59% |
| 2013-12-31 | $96.12M | 38.83% |
| 2013-09-30 | $69.24M | 26.60% |
| 2013-06-30 | $54.69M | 38.51% |
| 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/Service | Dec 22 | Dec 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/Service | Dec 22 | Jun 22 | Jun 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
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 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
| Country | Dec 22 | Jun 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| GDS | GDS | $9.96B | $2.63B |
| CACI | CACI | $7.66B | $1.94B |
| VNET | VNET Group | $7.41B | $1.90B |
| IT | Gartner | $5.91B | $1.60B |
| CLVT | Clarivate | $2.63B | $650.30M |
| EXLS | ExlService | $1.63B | $448.37M |
| WNS | WNS | $1.32B | $323.10M |
| TWKS | Thoughtworks | $1.13B | $251.67M |
| CYXT | Cyxtera | $746.00M | $196.70M |
| BBAI | BigBear.ai | $155.16M | $39.78M |
| CLPS | CLPS In | $150.36M | $71.77M |
| INOD | Innodata | $86.78M | $32.55M |
| BTCM | BIT Mining | $43.10M | $10.41M |
| ARBB | ARB 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.