BTC Digital (BTCT) Gross Margin (2018 - 2024)
BTC Digital's (BTCT) quarterly Gross Margin came in at 17.36% in Q4 2024, up 13759.0% on a YoY basis from N/an in Q1 2024, and up 270.16% quarter-over-quarter from 10.2% in Q3 2024.
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Analysis
BTC Digital (BTCT) Gross Margin (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has reported Gross Margin for 6 consecutive years, with 17.36% the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Gross Margin rose 13759.0% year-over-year to 17.36%; the trailing twelve-month figure through Dec 2024 stood at 0.99% (up 2067.0% YoY), and the FY2025 full-year result was 22.5%, down 2348.0% from the prior year.
- Gross Margin rose to 17.36% in Q4 2024 per BTCT's latest filing, from 10.2% in the prior quarter.
- Across five years, Gross Margin topped out at 20672.38% in Q4 2020 and bottomed at 120.23% in Q4 2023.
- Historically, Gross Margin has averaged 1470.46% across 4 years, with a median of 10.5% in 2024.
- The widest YoY moves for Gross Margin: up 2062808 bps in 2020, down 2500 bps in 2020.
- Over 4 years, Gross Margin stood at 20672.38% in 2020, then plunged by 100 bps to 32.31% in 2021, then plunged by 472 bps to 120.23% in 2023, then soared by 114 bps to 17.36% in 2024.
- According to Business Quant data, Gross Margin over the past three periods registered 17.36%, 10.2%, and 9.19% for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | 87.70% |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | 75.71% |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 64.11% |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | 48.77% |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | - |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | - |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | -3.73% |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | -285.09% |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 17.36% |
| Sep 30, 2024 | -10.20% |
| Jun 30, 2024 | -9.19% |
| Mar 31, 2024 | -4.83% |
| Dec 31, 2023 | -120.23% |
| Sep 30, 2023 | -64.02% |
| Jun 30, 2023 | 3.65% |
| Mar 31, 2023 | -37.82% |
| Jun 30, 2021 | 32.31% |
| Mar 31, 2021 | 34.27% |
| Dec 31, 2020 | 20,672.38% |
| Aug 31, 2020 | 24.30% |
| Jun 30, 2020 | 28.31% |
| Mar 31, 2020 | 20.12% |
| Dec 31, 2019 | 44.30% |
| Sep 30, 2019 | 53.07% |
| Jun 30, 2019 | 47.51% |
| Mar 31, 2019 | 45.12% |
| Dec 31, 2018 | 52.70% |
API Access
BTC Digital Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BTCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();