Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). BIT Mining's share price for the quarter that ended in Sep. 2023 was $2.75. BIT Mining's Shares Outstanding (EOP) for the quarter that ended in Sep. 2023 was 11.1 Mil. Therefore, BIT Mining's market cap for the quarter that ended in Sep. 2023 was $30.6 Mil.
BIT Mining's quarterly market cap
increased
from Mar. 2023 ($27.3 Mil) to Jun. 2023 ($30.0 Mil) and
increased
from Jun. 2023 ($30.0 Mil) to Sep. 2023 ($30.6 Mil).
BIT Mining's annual market cap
increased
from Dec. 2020 ($387.1 Mil) to Dec. 2021 ($436.0 Mil) but then
declined
from Dec. 2021 ($436.0 Mil) to Dec. 2022 ($16.8 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. BIT Mining's Enterprise Value for Today is $30.7 Mil.
BIT Mining Market Cap Historical Data
The historical data trend for BIT Mining's Market Cap 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.
For the Information Technology Services subindustry, BIT Mining's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BIT Mining's Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, BIT Mining's Market Cap distribution charts can be found below:
* The bar in red indicates where BIT Mining's Market Cap falls into.
BIT Mining Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
BIT Mining's Market Cap for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
BIT Mining (NYSE:BTCM) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
BIT Mining Market Cap Related Terms
Thank you for viewing the detailed overview of BIT Mining's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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