Bit Origin Ltd is a holding company. The Company through its subsidiary, SonicHash LLC (SonicHash US), it is engaged in Bitcoin mining in the United States. It uses computers called miners to generate Bitcoins, a type of digital asset (also known as a cryptocurrency). It focuses on existing layouts and mining sites in the United States (US). The Company does not have miners for other cryptocurrencies. The Company’s subsidiaries include SonicHash Inc, SonicHash Pte. Ltd., and SonicHash LLC. SonicHash US has approximately 3,200 miners with a hash power of over 304.8 petahashes per second (PH/s) deployed in a Cheyenne, Wyoming facility and has delivered over 1,050 miners with a hash power of around 99.1 PH/s to the same facility, ready for deployment with Phase II of the mining facility.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 1401.67% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 2.89M.
Overvalued
The company’s latest PB is -3.13, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 1.10M shares, increasing 45.67% quarter-over-quarter.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.44.