BTC Digital (BTCT) Net Margin (2018 - 2024)
BTC Digital's (BTCT) quarterly Net Margin came in at 48.08% in Q4 2024, up 25107.0% on a YoY basis from N/an in Q1 2024, and down 115.47% quarter-over-quarter from 22.31% in Q3 2024.
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Analysis
BTC Digital (BTCT) Net Margin (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has reported Net Margin for 6 consecutive years, with 48.08% the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Net Margin rose 25107.0% year-over-year to 48.08%; the trailing twelve-month figure through Dec 2024 stood at 34.22% (up 2029.0% YoY), and the FY2025 full-year result was 64.53%, down 4750.0% from the prior year.
- Net Margin eased to 48.08% in Q4 2024 per BTCT's latest filing, from 22.31% in the prior quarter.
- Across five years, Net Margin topped out at 2.12% in Q2 2023 and bottomed at 19450.15% in Q4 2020.
- Historically, Net Margin has averaged 1453.25% across 4 years, with a median of 49.16% in 2024.
- The sharpest annual moves came in 2020 and 2024: Net Margin slumped 1940435 bps in 2020, then soared 25107 bps in 2024.
- Over 4 years, Net Margin stood at 19450.15% in 2020, then soared by 100 bps to 36.94% in 2021, then plunged by 710 bps to 299.15% in 2023, then jumped by 84 bps to 48.08% in 2024.
- According to Business Quant data, Net Margin over the past three periods registered 48.08%, 22.31%, and 30.23% for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | -179.60% |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | -498.44% |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | -236.35% |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | -136.12% |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | -348.63% |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | - |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | -40.33% |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | -213.59% |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | -48.08% |
| Sep 30, 2024 | -22.31% |
| Jun 30, 2024 | -30.23% |
| Mar 31, 2024 | -27.58% |
| Dec 31, 2023 | -299.15% |
| Sep 30, 2023 | -119.17% |
| Jun 30, 2023 | -2.12% |
| Mar 31, 2023 | -108.05% |
| Jun 30, 2021 | -36.94% |
| Mar 31, 2021 | -42.02% |
| Dec 31, 2020 | -19,450.15% |
| Aug 31, 2020 | -52.65% |
| Jun 30, 2020 | -50.24% |
| Mar 31, 2020 | -56.79% |
| Dec 31, 2019 | -45.80% |
| Sep 30, 2019 | 15.11% |
| Jun 30, 2019 | -17.03% |
| Mar 31, 2019 | -13.07% |
| Dec 31, 2018 | -1.48% |
API Access
BTC Digital Net 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=net-margin&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();