BIT Mining First Half 2024 Earnings: EPS: US$0.002 (vs US$0.54 loss in 1H 2023)

BIT Mining (NYSE:BTCM) First Half 2024 Results

Key Financial Results

• Revenue: US$19.4m (down 87% from 1H 2023).
• Net income: US$21.0k (up from US$5.85m loss in 1H 2023).
• Profit margin: 0.1% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.002 (up from US$0.54 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BIT Mining shares are up 5.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for BIT Mining (1 is a bit unpleasant) you should be aware of.

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