BTC Digital (BTCT) Operating Margin (2018 - 2024)
BTC Digital's (BTCT) quarterly Operating Margin came in at 64.73% in Q4 2024, up 19808.0% on a YoY basis from N/an in Q1 2024, and down 205.63% quarter-over-quarter from 21.18% in Q3 2024.
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Analysis
BTC Digital (BTCT) Operating Margin (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has reported Operating Margin for 6 consecutive years, with 64.73% the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Operating Margin rose 19808.0% year-over-year to 64.73%; the trailing twelve-month figure through Dec 2024 stood at 42.12% (up 499.0% YoY), and the FY2025 full-year result was 62.74%, down 3980.0% from the prior year.
- Operating Margin retreated to 64.73% in Q4 2024 per BTCT's latest filing, from 21.18% in the prior quarter.
- Across five years, Operating Margin topped out at 37201.08% in Q4 2020 and bottomed at 262.82% in Q4 2023.
- Historically, Operating Margin has averaged 2596.73% across 4 years, with a median of 44.58% in 2020.
- The widest YoY moves for Operating Margin: up 3724610 bps in 2020, down 4016 bps in 2020.
- Over 4 years, Operating Margin stood at 37201.08% in 2020, then plunged by 100 bps to 37.87% in 2021, then tumbled by 594 bps to 262.82% in 2023, then jumped by 75 bps to 64.73% in 2024.
- According to Business Quant data, Operating Margin over the past three periods registered 64.73%, 21.18%, and 26.96% for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | -25.50% |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | -452.09% |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | -275.36% |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | -137.42% |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | -297.96% |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | - |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | -44.47% |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | -462.62% |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | -64.73% |
| Sep 30, 2024 | -21.18% |
| Jun 30, 2024 | -26.96% |
| Mar 31, 2024 | -40.34% |
| Dec 31, 2023 | -262.82% |
| Sep 30, 2023 | -82.13% |
| Jun 30, 2023 | -1.55% |
| Mar 31, 2023 | -110.25% |
| Jun 30, 2021 | -37.87% |
| Mar 31, 2021 | -41.19% |
| Dec 31, 2020 | 37,201.08% |
| Aug 31, 2020 | -52.55% |
| Jun 30, 2020 | -47.97% |
| Mar 31, 2020 | -57.33% |
| Dec 31, 2019 | -45.01% |
| Sep 30, 2019 | 10.47% |
| Jun 30, 2019 | -16.51% |
| Mar 31, 2019 | -17.18% |
| Dec 31, 2018 | -2.90% |
API Access
BTC Digital Operating 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=operating-margin&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();