From what 0 stock analysts predict, the share price for Bit Origin Ltd (BTOG) might decrease by 100% in the next year. This is based on a 12-month average estimation for BTOG. Price targets go from $ to $. The majority of stock analysts believe BTOG is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
Bit Origin Ltd has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Bit Origin Ltd will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of BTOG.
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When did it IPO
2019
Staff Count
9
Country
Singapore
Sector/Industry
Financial Services/Capital Markets
CEO
Mr. Lucas Wang
Market Cap
$15.2M
In 2023, BTOG generated $6.3M in revenue, which was a increase of 3,155.03% from the previous year. This can be seen as a signal that BTOG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Bit Origin Ltd (NASDAQ: BTOG) updates on its partnerships with Aethir, a leading GPU cloud provider, as part of its crypto mining business expansion strategies.
Why It Matters - Bit Origin's collaboration with Aethir indicates potential growth in its crypto mining operations, enhancing its competitive edge and possibly boosting future revenue, attracting investor interest.
Summary - Bit Origin Ltd (NASDAQ: BTOG) has signed a strategic agreement to act as a sales representative for Aethir, a leading provider of enterprise-focused GPU cloud services.
Why It Matters - Bit Origin's partnership with Aethir enhances its market position in crypto mining and diversifies revenue streams, potentially boosting investor confidence and stock value.
Summary - Bit Origin Ltd (NASDAQ: BTOG) is exploring the integration of Artificial Intelligence in its crypto mining operations as part of its growth and expansion strategies.
Why It Matters - Bit Origin's exploration of AI in crypto mining could enhance efficiency and profitability, potentially boosting investor confidence and impacting stock performance.
Summary - Bit Origin Ltd (NASDAQ: BTOG) has formed a Strategic Alliance with Mner.Club to collaborate on crypto mining machine deployment and provide consulting and hosting services.
Why It Matters - Bit Origin's strategic alliance with Mner.Club enhances its operational capabilities in crypto mining, potentially increasing revenue and market share, making it a key development for investors tracking growth in the sector.
Summary - Bit Origin Ltd (NASDAQ: BTOG) has secured a securities purchase agreement for up to $24.74 million in convertible notes and warrants from ATW Digital Asset Opportunities LLC, funding a new 25MW crypto mining center in Wyoming, expected to generate revenue by mid-2024.
Why It Matters - Bit Origin's $24.74 million funding for a new 25MW mining facility signals growth potential and future revenue, impacting its valuation and attractiveness to investors in the crypto sector.
Summary - Bit Origin Ltd (NASDAQ: BTOG) updated investors on its financing and business plan, focusing on its growth strategies in the crypto mining sector as of November 22, 2023.
Why It Matters - Bit Origin's financing and business plan update signals potential growth and strategic shifts in the crypto mining sector, impacting investor sentiment and stock performance.