BIT Mining (BIT Mining) 3-Year Book Growth Rate : -46.00% (As of Dec. 2023)

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What is BIT Mining 3-Year Book Growth Rate?

BIT Mining's Book Value per Share for the quarter that ended in Dec. 2023 was $2.26.

During the past 12 months, BIT Mining's average Book Value per Share Growth Rate was -54.70% per year. During the past 3 years, the average Book Value per Share Growth Rate was -46.00% per year. During the past 5 years, the average Book Value per Share Growth Rate was -39.60% per year. During the past 10 years, the average Book Value per Share Growth Rate was -24.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of BIT Mining was 123.30% per year. The lowest was -46.00% per year. And the median was -16.30% per year.

Competitive Comparison of BIT Mining's 3-Year Book Growth Rate

For the Information Technology Services subindustry, BIT Mining's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the Software Industry

For the Software industry and Technology sector, BIT Mining's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where BIT Mining's 3-Year Book Growth Rate falls into.

BIT Mining 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

BIT Mining (NYSE:BTCM) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

BIT Mining 3-Year Book Growth Rate Related Terms

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BIT Mining (BIT Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BIT Mining Ltd (NYSE:BTCM) » Definitions » 3-Year Book Growth Rate

Comparable Companies

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.