Dogecoin Mining Turns Out Three Times More Profitable for This Bitcoin Miner [Yahoo! Finance]
BIT Mining Limited ADS (BTCM)
Company Research
Source: Yahoo! Finance
bitcoin (BTC). Since starting its self-mining business, the company has mined a significant amount of DOGE and LTC, worth $100 million and $10 million respectively. The surge in profitability is attributed to the recent rally in DOGE's price, fueled by Elon Musk's endorsements and the changing regulatory landscape in the US. The company plans to continue its self-hosted mining operations for DOGE and LTC, citing predictions of continued growth in the cryptocurrency industry through 2025. Publicly traded BIT Mining (BTCM) will continue its self-hosted mining operations for dogecoin (DOGE) and litecoin (LTC) after the endeavor reaped three times more profit than its bigger bitcoin (BTC) mining operations, per a release BIT Mining said it had mined 84,485.42 LTC (worth $10 million at current prices) and 227,908,250 DOGE (worth a whopping $100 million) since it started its self-mining business. It reported having over 5,500 active mining machines, representing 1.32% of the global netw
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BTCM
News
- BIT Mining Limited Regains Compliance with NYSE Continued Listing StandardsPR Newswire
- BIT Mining Limited to Hold Annual General Meeting on January 7, 2025PR Newswire
- BIT Mining Completed the First Phase of Acquisition in EthiopiaPR Newswire
- BIT Mining Limited (NYSE: BTCM) had its "neutral" rating re-affirmed by analysts at HC Wainwright.MarketBeat
- BIT Mining Announces Commitment to Litecoin (LTC) and Dogecoin (DOGE) Mining, Bringing Increased ProfitabilityPR Newswire
BTCM
Earnings
- 2/23/24 - Miss
BTCM
Analyst Actions
- 12/5/24 - HC Wainwright
BTCM
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/10/24 - Form 6-K
- BTCM's page on the SEC website