BIT Mining (BIT Mining) Interest Expense : $0.0 Mil (TTM As of Sep. 2023)

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What is BIT Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BIT Mining's interest expense for the three months ended in Sep. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $0.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. BIT Mining's Operating Income for the three months ended in Sep. 2023 was $ -4.3 Mil. BIT Mining's Interest Expense for the three months ended in Sep. 2023 was $ 0.0 Mil. GuruFocus does not calculate BIT Mining's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BIT Mining Interest Expense Historical Data

The historical data trend for BIT Mining's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BIT Mining Interest Expense Chart

BIT Mining Annual Data

Trend

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Interest Expense

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-0.78

-0.22

BIT Mining Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

BIT Mining Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

BIT Mining (NYSE:BTCM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BIT Mining's Interest Expense for the three months ended in Sep. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-4.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $2.6 Mil.

BIT Mining's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

GuruFocus does not calculate BIT Mining's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

BIT Mining (BIT Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BIT Mining Ltd (NYSE:BTCM) » Definitions » Interest Expense

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Traded in Other Exchanges

50C0:Germany

Address

428 South Seiberling Street, Akron, OH, USA, 44306

Website

https://www.btcm.group

BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.