StockNews.AI
BTCM
StockNews.AI
175 days

BIT Mining Limited to Report Fourth Quarter and Full Year 2024 Financial Results on February 28, 2025

1. BIT Mining to release Q4 and full-year financials on Feb 28, 2025. Financials are unaudited. 2. Efficient data centers boost profitability. Self-mining operations drive stability. 3. Technology focus underpins long-term value. Advanced mining chips enhance adaptation.

Earnings
-6.84%Current Return
VS
-0.48%S&P 500
$2.1202/25 06:39 AM EDTEvent Start
$1.97502/26 01:28 PM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Neutral?

The announcement is a routine earnings release that investors typically expect. Historical earnings announcements in the crypto-mining sector have generally caused neutral to modest price movements unless results defy expectations.

How important is it?

A scheduled financial results release is pivotal for current investor sentiment and potential price adjustments if results diverge from forecasts. Similar past events in the cryptocurrency mining industry have led to measurable short-term market responses.

Why Short Term?

Earnings releases often trigger immediate market reactions due to updated performance data. Short-term volatility is common as investors digest the new information.

Related Companies

MARARIOT
, /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2024, after the U.S. market close on Friday, February 28, 2025. About BIT Mining BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners. Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. For more information: BIT Mining Limited[email protected] ir.btcm.group   www.btcm.group  Piacente Financial CommunicationsBrandi PiacenteTel: +1 (212) 481-2050Email: [email protected] SOURCE BIT Mining Limited WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News