Why These 15 Crypto Stocks Have Been Plunging In 2025

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6. BIT Mining Ltd (NYSE:BTCM)

Number of Hedge Fund Holders In Q4 2024: 1

BIT Mining Ltd (NYSE:BTCM) is a Bitcoin mining company that also operates data centers.

The stock is down significantly so far in 2025 after BIT Mining shareholders approved an increase in share capital to $440,000. This created 6.8 billion Class A ordinary shares.

BIT Mining also reported Q4 2024 revenues of $8.8 million, down from $10.4 million in Q4 2023. Operating losses remained significant at $2.5 million.

There was also a power outage at BIT Mining’s Ohio data center. It disrupted operations temporarily.

BTCM stock is down 21.83% year-to-date.

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