Bit Origin Ltd (BTOG) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2025Q4
"Bit Origin Ltd appears to be a distressed corporate shell following the near-total evaporation of its revenue base and the complete liquidation of its productive mining hardware. The company's transition into digital asset operations has failed to generate sustainable value, as evidenced by an accumulated deficit of $88.3 million and a lack of meaningful capital investment. Investors should exercise extreme caution given the critical liquidity constraints and the absence of a viable path toward operational profitability."
the company's current P/S ratio of 40.57 and the total absence of productive mining assets suggest an extreme valuation disconnect relative to its near-zero revenue generation.
Bit Origin Ltd (BTOG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Key metrics vs top competitors for Bit Origin Ltd (BTOG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.63 | $1.6M | -0.10 | -98.63% | -11108.22% | -215.38% | — | |
| $14.54 | $5.54B | -3.94 | 38.2% | -234.83% | -51.65% | — | |
| $28.57 | $10.83B | -14.65 | 71.89% | -132.76% | -28.78% | — | |
| $16.33 | $4.19B | 14.58 | 102.21% | -67.66% | -29.93% | — | |
| $25.94 | $10.53B | -12.07 | 48.04% | -512.96% | -115.53% | — | |
| $47.21 | $16.85B | 121.05 | 167.65% | 31.71% | 9.12% | — |
Bit Origin Ltd (BTOG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Bit Origin Ltd (BTOG) stock FAQ — growth, dividends, profitability & financials explained
Bit Origin Ltd (BTOG) reported $0.0M in revenue for fiscal year 2025. This represents a 100% decrease from $34.6M in 2016.
Bit Origin Ltd (BTOG) saw revenue decline by 98.6% over the past year.
Bit Origin Ltd (BTOG) reported a net loss of $20.5M for fiscal year 2025.
Bit Origin Ltd (BTOG) has a return on equity (ROE) of -215.4%. Negative ROE indicates the company is unprofitable.
Bit Origin Ltd (BTOG) had negative free cash flow of $8.5M in fiscal year 2025, likely due to heavy capital investments.