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BTCT logoBTC Digital Ltd.(BTCT)Earnings, Financials & Key Ratios

BTCT•NASDAQ
$1.24
$12M mkt cap·Price updated May 6, 2026
SectorConsumer DefensiveIndustryEducation & TrainingSub-IndustryConsumer Learning Platforms and Apps
AboutBTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.Show more
  • Revenue$12M+28.7%
  • EBITDA$1M+49.7%
  • Net Income-$2M+29.6%
  • EPS (Diluted)-0.01+60.8%
  • Gross Margin0.98%+107.9%
  • EBITDA Margin8.59%+16.3%
  • Operating Margin-22.94%+16.1%
  • Net Margin-17.04%+45.3%
  • ROE-6.7%-80.9%
  • ROIC-8.85%-276.1%
  • Debt/Equity0.02+232.4%
  • Interest Coverage-40.44+7.7%
Technical→

BTCT Key Insights

BTC Digital Ltd. (BTCT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y profit CAGR of 61.0%
  • ✓Good 3Y average ROE of 17.4%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Sales declining 61.9% over 5 years
  • ✗Shares diluted 80.4% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BTCT Price & Volume

BTC Digital Ltd. (BTCT) stock price & volume — 10-year historical chart

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BTCT Growth Metrics

BTC Digital Ltd. (BTCT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-61.87%
3 Years-74.79%
TTM290.47%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1461.99%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-22114.41%

Return on Capital

10 Years-53.67%
5 Years-7.07%
3 Years-2.49%
Last Year-8.97%

BTCT Peer Comparison

BTC Digital Ltd. (BTCT) competitors in Consumer Learning Platforms and Apps — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MARA logoMARAMarathon Digital Holdings, Inc.Direct Competitor4.95B13.03-3.5338.2%-30.54%1.05
RIOT logoRIOTRiot Platforms, Inc.Direct Competitor8.98B23.68-12.1471.89%-28.78%0.10
CLSK logoCLSKCleanSpark, Inc.Direct Competitor3.71B14.5012.95102.21%-33.25%-13.75%0.38
CIFR logoCIFRCipher Mining Inc.Direct Competitor8.89B21.91-10.1948.04%-115.53%3.31
IREN logoIRENIREN LimitedDirect Competitor20.26B60.98156.36167.65%-0.64%0.53
HUT logoHUTHut 8 Corp.Direct Competitor12.08B108.94-50.91-90.71%-17.66%0.25
BITF logoBITFBitfarms Ltd.Product Competitor1.29B2.16-16.6231.78%-21.32%0.04
CORZ logoCORZCore Scientific, Inc.Product Competitor7.77B24.63-27.99-37.53%-342.93%

Compare BTCT vs Peers

BTC Digital Ltd. (BTCT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for BTCT.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare BTCT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, CIFR

BTCT Income Statement

BTC Digital Ltd. (BTCT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue1.42B1.45B897.03M729M81.6M9.07M11.68M48.03M
Revenue Growth %-1.66%-38.05%-18.73%-88.81%-88.88%28.68%290.47%
Cost of Goods Sold628M755.36M607.08M483.7M69.41M10.21M11.56M57.05M
COGS % of Revenue44.09%52.17%67.68%66.35%85.06%112.51%99.02%-
Gross Profit
796.24M▲ 0%
692.54M▼ 13.0%
289.96M▼ 58.1%
245.29M▼ 15.4%
12.19M▼ 95.0%
-1.14M▼ 109.3%
115K▲ 110.1%
-9.02M▲ 0%
Gross Margin %55.91%47.83%32.32%33.65%14.94%-12.51%0.98%-18.78%
Gross Profit Growth %--13.02%-58.13%-15.4%-95.03%-109.31%110.13%-
Operating Expenses736.74M914.45M662.62M602.75M4.97M1.35M2.79M28.22M
OpEx % of Revenue51.73%63.16%73.87%82.68%6.09%14.84%23.92%-
Selling, General & Admin718.37M887.89M658.87M1.06M4.97M1.35M2.79M28.22M
SG&A % of Revenue50.44%61.32%73.45%0.15%6.09%14.84%23.92%-
Research & Development26.18M32.33M4.88M2.89M0000
R&D % of Revenue1.84%2.23%0.54%0.4%----
Other Operating Expenses1.65M-5.77M-1.13M598.8M0000
Operating Income
51.69M▲ 0%
-227.68M▼ 540.5%
-8.16M▲ 96.4%
-6.76M▲ 17.1%
7.22M▲ 206.8%
-2.48M▼ 134.3%
-2.68M▼ 7.9%
-37.24M▲ 0%
Operating Margin %3.63%-15.72%-0.91%-0.93%8.85%-27.34%-22.94%-77.53%
Operating Income Growth %--540.5%96.42%17.11%206.82%-134.35%-7.94%-
EBITDA106.63M-34.4M19.61M10.55M12.74M670K1M-21.16M
EBITDA Margin %7.49%-2.38%2.19%1.45%15.62%7.38%8.59%-44.07%
EBITDA Growth %--132.26%157.01%-46.2%20.8%-94.74%49.7%-2001.51%
D&A (Non-Cash Add-back)54.94M193.28M27.77M17.31M5.52M3.15M3.68M16.07M
EBIT9.87M-30.44M-1.8M-1.9M987K-2.76M-1.94M-36.78M
Net Interest Income166.01K-117.2K765-324K-20K-62K-48K976.66K
Interest Income1.15M1.63M76553K01K00
Interest Expense8K2.45M0377K20K63K48K33K
Other Income/Expense-41.82M196.88M-3.63M-5.34M-46.48M-343K689K1.75M
Pretax Income
67.9M▲ 0%
-215.46M▼ 417.3%
-11.79M▲ 94.5%
-12.1M▼ 2.6%
-39.26M▼ 224.4%
-2.82M▲ 92.8%
-1.99M▲ 29.6%
-35.49M▲ 0%
Pretax Margin %4.77%-14.88%-1.31%-1.66%-48.11%-31.13%-17.04%-73.89%
Income Tax14.45M9.61M00-45.92M000
Effective Tax Rate %21.29%-4.46%0%0%116.99%0%0%0%
Net Income
57.25M▲ 0%
-219.4M▼ 483.2%
-410.99M▼ 87.3%
-384.3M▲ 6.5%
53.01M▲ 113.8%
-2.82M▼ 105.3%
-1.99M▲ 29.6%
-35.49M▲ 0%
Net Margin %4.02%-15.15%-45.82%-52.72%64.97%-31.13%-17.04%-73.89%
Net Income Growth %--483.21%-87.32%6.49%113.79%-105.33%29.57%-1461.99%
Net Income (Continuing)7.77M-32.17M-11.79M-12.1M6.67M-2.82M-1.99M-35.49M
Discontinued Operations10-400.99M-374.19M32.21M000
Minority Interest23.74M17.93M16.13M14.13M0000
EPS (Diluted)
12.12▲ 0%
-54.41▼ 548.9%
-74.90▼ 37.7%
-5.11▲ 93.2%
15.10▲ 395.5%
-0.04▼ 100.3%
-0.01▲ 60.8%
-5.00▲ 0%
EPS Growth %--548.93%-37.66%93.18%395.5%-100.25%60.85%-22114.41%
EPS (Basic)12.48-54.41-88.60-4.510.94-0.04-0.01-
Diluted Shares Outstanding195.82K201.63K274.34K2.16M2.81M3.74M6.74M7.09M
Basic Shares Outstanding236.19K201.63K231.92K2.16M2.81M3.74M6.74M7.09M
Dividend Payout Ratio--------

BTCT Balance Sheet

BTC Digital Ltd. (BTCT) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets383.75M317.66M232.82M389.74M96.94M8.94M24.55M149.25M
Cash & Short-Term Investments174.68M140.13M90.11M168.4M333K43K14.9M54.3M
Cash Only174.68M140.13M90.11M168.4M333K43K14.9M45.83M
Short-Term Investments00000008.46M
Accounts Receivable13.08M9.12M9.05M15.47M8.9M5.49M5.68M32.58M
Days Sales Outstanding3.352.33.687.7539.82220.66177.48138.64
Inventory108.88M108.21M9.25M121.22M22.32M000
Days Inventory Outstanding63.2852.295.5691.47117.39---0.15
Other Current Assets10.19M52.47M118.76M73.66M61.38M803K1.38M62.37M
Total Non-Current Assets622.99M1.15B866.01M495.63M112.34M15.6M16.58M119.09M
Property, Plant & Equipment214.94M715.27M469.45M191.43M92.44M12.7M12.55M88.65M
Fixed Asset Turnover6.63x2.02x1.91x3.81x0.88x0.71x0.93x0.95x
Goodwill276.9M302.16M274.57M192.96M0000
Intangible Assets36.9M24.97M19.34M14.68M0000
Long-Term Investments23.43M26.08M24.55M24.4M19.9M2.9M4.02M69.33M
Other Non-Current Assets66.75M73.22M71.11M46.17M0000
Total Assets
1.01B▲ 0%
1.46B▲ 45.4%
1.1B▼ 24.9%
885.37M▼ 19.4%
209.28M▼ 76.4%
24.54M▼ 88.3%
41.13M▲ 67.6%
268.34M▲ 0%
Asset Turnover1.41x0.99x0.82x0.82x0.39x0.37x0.28x0.32x
Asset Growth %-45.38%-24.92%-19.43%-76.36%-88.27%67.58%2061.92%
Total Current Liabilities1.04B1.27B1.17B714.85M76.31M5.1M893K1.98M
Accounts Payable2.03M2.25M2.6M03.46M128K115K1.1M
Days Payables Outstanding1.181.091.57-18.174.583.633.71
Short-Term Debt11.79M13.15M184.09M6M6M125K484K0
Deferred Revenue (Current)859.52M902.68M111.46M552.76M0792K124K413K
Other Current Liabilities876.41M316.7M718.49M107.35M60.11M000
Current Ratio0.37x0.25x0.20x0.55x1.27x1.75x27.49x27.49x
Quick Ratio0.26x0.16x0.19x0.38x0.98x1.75x27.49x27.49x
Cash Conversion Cycle65.4553.57.68-139.04--134.78
Total Non-Current Liabilities82.07M434.31M288.71M21.01M00320K2.01M
Long-Term Debt00000000
Capital Lease Obligations047.68M30.68M59.82M00320K4.36M
Deferred Tax Liabilities23.1M2.01M1.17M4.43M0000
Other Non-Current Liabilities-11.17M384.62M249.68M-78.79M0000
Total Liabilities1.12B1.71B1.46B848.79M76.31M5.1M1.21M3.99M
Total Debt0567.77M345.92M101.64M6M125K853K2.35M
Net Debt-174.68M427.64M255.8M-66.76M5.67M82K-14.05M-43.48M
Debt / Equity---2.78x0.05x0.01x0.02x0.02x
Debt / EBITDA--17.64x9.63x0.47x0.19x0.85x-0.11x
Net Debt / EBITDA-1.64x-13.04x-6.33x0.44x0.12x-14.00x-14.00x
Interest Coverage1233.95x-12.41x--5.04x49.35x-43.83x-40.44x-1114.40x
Total Equity
-114.6M▲ 0%
-242.94M▼ 112.0%
-362.54M▼ 49.2%
36.58M▲ 110.1%
132.97M▲ 263.6%
19.44M▼ 85.4%
39.92M▲ 105.3%
264.35M▲ 0%
Equity Growth %--111.98%-49.23%110.09%263.57%-85.38%105.31%2574.49%
Book Value per Share-585.23-1204.86-1321.5216.9347.345.205.9237.28
Total Shareholders' Equity-138.34M-260.87M-378.68M22.44M132.97M19.44M39.92M264.35M
Common Stock219K219K37K217K434.51K121K368K3.1M
Retained Earnings-305.86M-525.26M-936.25M-1.32B-1.27B-186.6M-188.59M-1.39B
Treasury Stock00000000
Accumulated OCI-146.08M0-60.34M00000
Minority Interest23.74M17.93M16.13M14.13M0000

BTCT Cash Flow Statement

BTC Digital Ltd. (BTCT) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations78.53M-21.57M-343.22M-459.3M-214.13M3.81M1.56M1.56M
Operating CF Margin %5.51%-1.49%-38.26%-63%-262.41%41.97%13.34%-
Operating CF Growth %--127.47%-1491.11%-33.82%53.38%101.78%-59.11%-1466.47%
Net Income53.45M-225.07M-63.18M-386.3M5.64M-2.82M-1.99M-35.49M
Depreciation & Amortization54.94M193.28M27.77M17.31M5.52M3.15M3.68M3.89M
Stock-Based Compensation7.65M96.66M8M3.66M849K138K571K1.83M
Deferred Taxes-6.27M-9.14M-2.79M-20.65M59K000
Other Non-Cash Items-4.39M-1.36M-29.12M-23.92M-2.28M311K-743K-600K
Working Capital Changes-26.85M-75.94M-283.9M-49.41M-223.92M3.03M37K-5.31M
Change in Receivables-916K-42.17M-22.13M-24.58M-71.22M3.42M8K-4.11M
Change in Inventory31.92M-76.23M-77.56M-102.59M-18.25M2.69M00
Change in Payables5.45M10.81M1.27M-849K22.68M-3.33M-13K25K
Cash from Investing-74.79M-89.16M-680K-71.94M-16.25M-4.62M-7M-6.75M
Capital Expenditures-64.37M-86.47M-25.65M-73.05M-61.21M-2.5M-2.74M-1.22M
CapEx % of Revenue4.52%5.97%2.86%10.02%75.02%27.57%23.5%-
Acquisitions-91.73M-39.24M22.75M0-29.88M000
Investments--------
Other Investing27.35M36.55M1.73M1.11M74.85M-2.12M-4.26M-5.54M
Cash from Financing-142.63M73M292.64M608.02M53.46M807K20.3M18.46M
Debt Issued (Net)013.15M6.41M-20.07M0-745K359K-17.02K
Equity Issued (Net)00006.46M1.55M19.94M19.48M
Dividends Paid00000000
Share Repurchases00000000
Other Financing-20.73M59.85M286.23M628.08M47M00-1M
Net Change in Cash
-138.89M▲ 0%
-37.73M▲ 72.8%
-51.26M▼ 35.8%
76.77M▲ 249.8%
-176.91M▼ 330.4%
-5K▲ 100.0%
-43K▼ 760.0%
-287K▲ 0%
Free Cash Flow
14.16M▲ 0%
-108.04M▼ 862.8%
-368.87M▼ 241.4%
-532.35M▼ 44.3%
-275.34M▲ 48.3%
1.31M▲ 100.5%
-1.19M▼ 190.8%
-6.81M▲ 0%
FCF Margin %0.99%-7.46%-41.12%-73.03%-337.43%14.41%-10.17%-14.19%
FCF Growth %--862.78%-241.42%-44.32%48.28%100.47%-190.82%-117.32%
FCF per Share72.33-535.82-1344.58-246.37-98.030.35-0.18-0.18
FCF Conversion (FCF/Net Income)1.37x0.10x0.84x1.20x-4.04x-1.35x-0.78x0.19x
Interest Paid1.16K0791.48K376.52K23K021K34K
Taxes Paid4.23M042.7K16.47K104K000

BTCT Key Ratios

BTC Digital Ltd. (BTCT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201920202021202220232024TTM
Return on Equity (ROE)---1050.71%62.53%-3.71%-6.7%-23.96%
Return on Invested Capital (ROIC)-92.45%-15.7%-9.99%-2.35%-8.85%-8.85%
Gross Margin47.83%32.32%33.65%14.94%-12.51%0.98%-18.78%
Net Margin-15.15%-45.82%-52.72%64.97%-31.13%-17.04%-73.89%
Debt / Equity--2.78x0.05x0.01x0.02x0.02x
Interest Coverage-12.41x--5.04x49.35x-43.83x-40.44x-1114.40x
FCF Conversion0.10x0.84x1.20x-4.04x-1.35x-0.78x0.19x
Revenue Growth1.66%-38.05%-18.73%-88.81%-88.88%28.68%290.47%

BTCT SEC Filings & Documents

BTC Digital Ltd. (BTCT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Dec 12, 2024·SEC

Material company update

Dec 9, 2024·SEC

Material company update

Nov 15, 2024·SEC

10-K Annual Reports

1
FY 2024

Apr 15, 2024·SEC

10-Q Quarterly Reports

3
FY 2024

Nov 14, 2024·SEC

FY 2024

Aug 14, 2024·SEC

FY 2024

May 15, 2024·SEC

BTCT Frequently Asked Questions

BTC Digital Ltd. (BTCT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

BTC Digital Ltd. (BTCT) reported $48.0M in revenue for fiscal year 2024. This represents a 97% decrease from $1.42B in 2018.

BTC Digital Ltd. (BTCT) grew revenue by 28.7% over the past year. This is strong growth.

BTC Digital Ltd. (BTCT) reported a net loss of $35.5M for fiscal year 2024.

Dividend & Returns

BTC Digital Ltd. (BTCT) has a return on equity (ROE) of -6.7%. Negative ROE indicates the company is unprofitable.

BTC Digital Ltd. (BTCT) had negative free cash flow of $6.8M in fiscal year 2024, likely due to heavy capital investments.

Explore More BTCT

BTC Digital Ltd. (BTCT) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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