BIT Intangible Assets vs Cash Analysis

BTCM Stock

USD 2.54 0.19 6.96%

BIT Mining financial indicator trend analysis is way more than just evaluating BIT Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BIT Mining is a good investment. Please check the relationship between BIT Mining Intangible Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.

Intangible Assets vs Cash

Intangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BIT Mining Intangible Assets account and Cash. At this time, the significance of the direction appears to have almost no relationship.

The correlation between BIT Mining's Intangible Assets and Cash is 0.16. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash in the same time period over historical financial statements of BIT Mining, assuming nothing else is changed. The correlation between historical values of BIT Mining's Intangible Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of BIT Mining are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Intangible Assets i.e., BIT Mining's Intangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Cash

Cash refers to the most liquid asset of BIT Mining, which is listed under current asset account on BIT Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from BIT Mining customers. The amounts must be unrestricted with restricted cash listed in a different BIT Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from BIT Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BIT Mining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.As of the 9th of January 2025, Selling General Administrative is likely to grow to about 32.2 M, though Discontinued Operations is likely to grow to (7.5 M).

	2022	2023	2024	2025 (projected)
Total Operating Expenses	31.9M	28.2M	32.5M	43.3M
Cost Of Revenue	669.7M	40.1M	46.1M	43.8M

Total Operating Expenses Cost Of Revenue

BIT Mining fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total
Total Assets		-0.26	-0.4	0.15	0.97	0.3	0.58	-0.41	0.32	0.67	0.62	-0.6	0.78	0.23	0.26	0.76	0.17	-0.54	0.66	0.08	0.16	0.2	0.83	0.72	-0.24	0.7
Common Stock Shares Outstanding	-0.26		0.73	0.39	-0.35	0.42	-0.73	0.52	-0.88	-0.53	0.16	0.27	-0.41	-0.31	0.62	-0.26	-0.68	0.27	-0.23	0.76	0.25	0.48	-0.44	-0.08	0.99	-0.36
Other Current Liab	-0.4	0.73		0.52	-0.55	0.2	-0.7	0.68	-0.5	-0.66	-0.04	0.43	-0.51	0.12	0.12	-0.26	-0.15	0.35	-0.27	0.28	0.49	0.23	-0.48	-0.23	0.67	-0.23
Total Current Liabilities	0.15	0.39	0.52		-0.09	0.83	-0.15	0.55	-0.35	-0.51	0.49	0.1	-0.35	-0.01	0.15	0.04	0.12	0.27	-0.11	0.39	0.98	0.22	-0.17	0.49	0.4	-0.13
Total Stockholder Equity	0.97	-0.35	-0.55	-0.09		0.11	0.62	-0.57	0.39	0.81	0.5	-0.64	0.87	0.22	0.25	0.75	0.11	-0.6	0.68	0.02	-0.08	0.16	0.88	0.6	-0.33	0.73
Property Plant And Equipment Net	0.3	0.42	0.2	0.83	0.11		-0.17	0.3	-0.54	-0.3	0.77	-0.12	-0.3	-0.28	0.48	-0.06	-0.13	0.32	-0.22	0.64	0.75	0.47	-0.17	0.71	0.46	-0.25
Current Deferred Revenue	0.58	-0.73	-0.7	-0.15	0.62	-0.17		-0.41	0.76	0.52	0.0	-0.38	0.67	0.03	-0.38	0.68	0.48	-0.55	0.62	-0.51	-0.06	-0.38	0.74	0.3	-0.7	0.62
Net Debt	-0.41	0.52	0.68	0.55	-0.57	0.3	-0.41		-0.5	-0.9	0.02	0.53	-0.55	-0.12	0.08	-0.13	0.08	0.19	-0.12	0.28	0.57	0.0	-0.53	-0.02	0.51	-0.3
Retained Earnings	0.32	-0.88	-0.5	-0.35	0.39	-0.54	0.76	-0.5		0.56	-0.24	-0.21	0.54	0.43	-0.71	0.41	0.71	-0.35	0.41	-0.88	-0.2	-0.44	0.58	-0.02	-0.91	0.56
Cash	0.67	-0.53	-0.66	-0.51	0.81	-0.3	0.52	-0.9	0.56		0.1	-0.65	0.82	0.31	0.03	0.46	0.04	-0.48	0.45	-0.25	-0.5	0.04	0.78	0.16	-0.53	0.58
Non Current Assets Total	0.62	0.16	-0.04	0.49	0.5	0.77	0.0	0.02	-0.24	0.1		-0.34	0.03	-0.17	0.49	0.11	0.04	0.13	-0.05	0.45	0.47	0.54	0.08	0.94	0.18	0.04
Non Currrent Assets Other	-0.6	0.27	0.43	0.1	-0.64	-0.12	-0.38	0.53	-0.21	-0.65	-0.34		-0.53	-0.03	-0.35	-0.45	0.0	0.36	-0.29	-0.05	0.11	-0.35	-0.52	-0.37	0.29	-0.29
Cash And Short Term Investments	0.78	-0.41	-0.51	-0.35	0.87	-0.3	0.67	-0.55	0.54	0.82	0.03	-0.53		0.39	0.06	0.86	0.11	-0.83	0.88	-0.2	-0.32	-0.08	0.97	0.16	-0.41	0.86
Net Receivables	0.23	-0.31	0.12	-0.01	0.22	-0.28	0.03	-0.12	0.43	0.31	-0.17	-0.03	0.39		-0.27	0.37	0.38	-0.37	0.38	-0.36	0.07	-0.26	0.41	-0.17	-0.35	0.47
Common Stock Total Equity	0.26	0.62	0.12	0.15	0.25	0.48	-0.38	0.08	-0.71	0.03	0.49	-0.35	0.06	-0.27		0.07	-0.63	-0.11	0.05	0.89	0.0	0.69	-0.03	0.31	0.62	-0.05
Short Term Investments	0.76	-0.26	-0.26	0.04	0.75	-0.06	0.68	-0.13	0.41	0.46	0.11	-0.45	0.86	0.37	0.07		0.24	-0.86	0.96	-0.11	0.08	-0.13	0.89	0.28	-0.26	0.84
Non Current Liabilities Total	0.17	-0.68	-0.15	0.12	0.11	-0.13	0.48	0.08	0.71	0.04	0.04	0.0	0.11	0.38	-0.63	0.24		-0.01	0.17	-0.69	0.32	-0.25	0.19	0.2	-0.7	0.34
Inventory	-0.54	0.27	0.35	0.27	-0.6	0.32	-0.55	0.19	-0.35	-0.48	0.13	0.36	-0.83	-0.37	-0.11	-0.86	-0.01		-0.91	0.1	0.26	0.27	-0.78	-0.02	0.28	-0.74
Other Current Assets	0.66	-0.23	-0.27	-0.11	0.68	-0.22	0.62	-0.12	0.41	0.45	-0.05	-0.29	0.88	0.38	0.05	0.96	0.17	-0.91		-0.13	-0.08	-0.19	0.87	0.12	-0.24	0.85
Other Stockholder Equity	0.08	0.76	0.28	0.39	0.02	0.64	-0.51	0.28	-0.88	-0.25	0.45	-0.05	-0.2	-0.36	0.89	-0.11	-0.69	0.1	-0.13		0.21	0.58	-0.23	0.28	0.79	-0.27
Total Liab	0.16	0.25	0.49	0.98	-0.08	0.75	-0.06	0.57	-0.2	-0.5	0.47	0.11	-0.32	0.07	0.0	0.08	0.32	0.26	-0.08	0.21		0.16	-0.13	0.5	0.26	-0.06
Property Plant And Equipment Gross	0.2	0.48	0.23	0.22	0.16	0.47	-0.38	0.0	-0.44	0.04	0.54	-0.35	-0.08	-0.26	0.69	-0.13	-0.25	0.27	-0.19	0.58	0.16		-0.13	0.35	0.41	-0.13
Total Current Assets	0.83	-0.44	-0.48	-0.17	0.88	-0.17	0.74	-0.53	0.58	0.78	0.08	-0.52	0.97	0.41	-0.03	0.89	0.19	-0.78	0.87	-0.23	-0.13	-0.13		0.24	-0.43	0.87
Intangible Assets	0.72	-0.08	-0.23	0.49	0.6	0.71	0.3	-0.02	-0.02	0.16	0.94	-0.37	0.16	-0.17	0.31	0.28	0.2	-0.02	0.12	0.28	0.5	0.35	0.24		-0.04	0.15
Common Stock	-0.24	0.99	0.67	0.4	-0.33	0.46	-0.7	0.51	-0.91	-0.53	0.18	0.29	-0.41	-0.35	0.62	-0.26	-0.7	0.28	-0.24	0.79	0.26	0.41	-0.43	-0.04		-0.38
Short Long Term Debt Total	0.7	-0.36	-0.23	-0.13	0.73	-0.25	0.62	-0.3	0.56	0.58	0.04	-0.29	0.86	0.47	-0.05	0.84	0.34	-0.74	0.85	-0.27	-0.06	-0.13	0.87	0.15	-0.38

Click cells to compare fundamentals

BIT Mining Account Relationship Matchups

BIT Mining fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	72.0M	301.8M	74.5M	72.6M	83.5M	79.3M
Common Stock Shares Outstanding	4.3M	6.2M	8.7M	11.0M	12.7M	13.3M
Other Current Liab	5.4M	16.8M	24.1M	41.8M	48.1M	50.5M
Total Current Liabilities	11.3M	83.1M	30.8M	44.9M	51.7M	33.4M
Total Stockholder Equity	61.8M	184.0M	40.8M	25.1M	22.6M	21.5M
Property Plant And Equipment Net	4.5M	79.9M	18.8M	27.1M	31.2M	17.8M
Current Deferred Revenue	5.9M	9.2M	1.7M	397K	357.3K	339.4K
Net Debt	(45.8M)	(10.5M)	(1.2M)	975K	1.1M	1.2M
Retained Earnings	(334.3M)	(382.6M)	(554.5M)	(570.9M)	(513.8M)	(488.1M)
Cash	47.2M	17.7M	5.4M	3.2M	2.9M	2.8M
Non Current Assets Total	20.6M	202.8M	40.1M	38.7M	44.6M	62.0M
Non Currrent Assets Other	254.7K	609K	9.9M	5.4M	6.2M	6.6M
Cash And Short Term Investments	47.2M	17.7M	7.8M	3.2M	2.9M	2.8M
Net Receivables	56.3K	737K	4.1M	2.2M	2.0M	1.9M
Liabilities And Stockholders Equity	72.0M	301.8M	74.5M	72.6M	65.3M	62.1M
Non Current Liabilities Total	969.3K	9.6M	2.8M	2.5M	2.3M	2.2M
Inventory	(597.5M)	25.5M	126K	(8.1M)	(9.3M)	(9.7M)
Other Current Assets	2.9M	56.5M	18.7M	28.4M	25.5M	24.3M
Other Stockholder Equity	400.7M	569.0M	611.5M	600.2M	690.3M	356.4M
Total Liab	12.2M	92.7M	33.7M	47.5M	54.6M	41.9M
Property Plant And Equipment Gross	29.1M	79.9M	18.8M	105.2M	121.0M	64.8M
Total Current Assets	51.4M	99.0M	34.4M	33.9M	30.5M	28.9M
Accumulated Other Comprehensive Income	19.7M	(2.4M)	(4.0M)	(4.3M)	(3.8M)	(3.7M)
Intangible Assets	367.0K	76.6M	3.3M	2.0M	2.3M	2.2M
Common Stock	21.6K	23.1K	36K	54K	62.1K	65.2K
Short Long Term Debt Total	1.5M	7.2M	4.2M	4.2M	3.8M	3.6M
Accounts Payable	2.1M	54.4M	3.6M	821K	944.2K	896.9K
Other Assets	3.9M	9.8M	8.8M	(430K)	(387K)	(367.7K)
Short Term Debt	569K	926K	1.4M	1.7M	1.5M	1.6M
Other Liab	11.9M	3.0M	526K	4.6M	4.1M	3.9M
Net Tangible Assets	580.0M	401.4M	80.8M	49.8M	44.8M	42.6M
Net Invested Capital	403.8M	184.0M	40.8M	25.1M	22.6M	21.5M
Long Term Investments	100.0M	10.1M	8.0M	4.2M	3.8M	3.6M
Net Working Capital	262.2M	15.9M	3.5M	(11.1M)	(10.0M)	(9.5M)
Property Plant Equipment	100.7M	29.1M	79.9M	31.4M	28.2M	26.8M
Capital Stock	21.6K	23.1K	36K	54K	62.1K	38.6K
Capital Lease Obligations	9.5M	7.2M	4.2M	4.2M	3.8M	3.6M

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When determining whether BIT Mining is a strong investment it is important to analyze BIT Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BIT Mining's future performance. For an informed investment choice regarding BIT Stock, refer to the following important reports:

How To Invest In BIT

Details

Is BIT Stock a good investment?

Details

What is BIT Mining's Net Worth?

Details

Largest Application Software Companies

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Largest Information Technology Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.

You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BIT Mining. If investors know BIT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(2.00)

Revenue Per Share

3.712

Quarterly Revenue Growth

(0.87)

Return On Assets

(0.19)

Return On Equity

(0.43)

The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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BIT Intangible Assets vs Cash Analysis

Intangible Assets vs Cash

Intangible Assets vs Cash Correlation Analysis

Correlation Coefficient

Intangible Assets

Cash

BIT Mining fundamental ratios Correlations

BIT Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BIT Mining fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Common Stock Shares Outstanding
Total Liab	+ 0.98	Total Current Liabilities
Total Stockholder Equity	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Cash And Short Term Investments
Other Current Assets	+ 0.96	Short Term Investments
Intangible Assets	+ 0.94	Non Current Assets Total

Other Current Assets	- 0.91	Inventory
Common Stock	- 0.91	Retained Earnings
Cash	- 0.9	Net Debt
Other Stockholder Equity	- 0.88	Retained Earnings
Retained Earnings	- 0.88	Common Stock Shares Outstanding
Inventory	- 0.86	Short Term Investments