Why BIT Mining Ltd (BTCM) Is Plunging In 2025? [Yahoo! Finance]
BIT Mining Limited ADS (BTCM)
Company Research
Source: Yahoo! Finance
Mining Ltd (NYSE:BTCM) stands against other crypto stocks that have been plunging In 2025. Crypto stocks have fallen significantly off their peaks as Bitcoin (BTC-USD) cools. Many crypto investors hoped that Trump's crypto national reserve announcement would be followed up by news announcing that the U.S. government will start buying BTC like El Salvador did to prop up these reserves. Instead, the government will likely create the reserve out of previously seized cryptocurrencies from criminals. This led to Bitcoin falling even further. The biggest impact of this was on Bitcoin miners. These companies make a significant amount of their revenue from mining or stockpiling large amounts of Bitcoin and then benefiting from the increases in value as it also in
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BTCM
News
- BIT Mining Announces February 2025 Production and Operations UpdatesPR Newswire
- Crypto Rally Doesn't Hold After Soft Inflation Data [Yahoo! Finance]Yahoo! Finance
- BIT Mining Limited (NYSE: BTCM) had its "neutral" rating re-affirmed by analysts at HC Wainwright.MarketBeat
- Bitcoin still has the potential to reach $2 million: experts [Yahoo! Finance]Yahoo! Finance
- BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2024PR Newswire
BTCM
Earnings
- 2/28/25 - Beat
BTCM
Analyst Actions
- 3/5/25 - HC Wainwright
BTCM
Sec Filings
- 2/28/25 - Form 6-K
- 2/28/25 - Form 144
- 1/8/25 - Form 6-K
- BTCM's page on the SEC website