BTOG
BIT ORIGIN Ltd
$1.28
▲ +4.07%$1.28▼ -86.50%
over 1Y
L $1.23H $46.80
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.1%
1W-23.8%
1M-29.7%
3M-43.9%
YTD-88.5%
1Y-86.5%
Avoid
Conviction
Horizon
Medium (3–12mo)
Conservative balance sheet (liabilities/equity 0.10x); but revenue fell -98.6% YoY.
Revenue (FY2025) $39.5K · FY2025
BIT ORIGIN Ltd shows $39.5K in FY2025 revenue (-98.6% YoY), a -11064.5% net margin, and -112.0% ROE.
Supporting the case: conservative balance sheet (liabilities/equity 0.10x).
Is BTOG a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~60d expiry
- Long put 1.5 @ ~0.37 est
- Short put 1 @ ~0.09 est
debit $28max +$22max −$28BE 1.22
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | $6.26M | — | $2.89M | $39.5K |
| Gross profit | $3.00M | -$4.57M | -$4.57M | -$945K | $39.5K |
| Operating income | -$3.47M | -$28.3M | -$28.3M | -$14.8M | -$2.99M |
| Net income | -$47.1M | -$28.2M | -$28.2M | -$18.3M | -$4.37M |
| Diluted EPS | — | -$8.61 | — | -$3.34 | -$0.28 |
| Net margin | — | -450.7% | — | -633.0% | -11064.5% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$13.3M
EV / EBITDA—
EV / Sales336.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-126.7%
FCF yield-69.7%
Quality & risk
ROIC (est.)-17.1%
Free cash flow-$2.41M
Total debt$9.89M
Net cash-$9.83M
Piotroski F-Score4/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+1621.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗6-KPeriod ending 2026-07-012026-07-01open ↗6-KPeriod ending 2025-12-312026-06-30open ↗6-KPeriod ending 2026-06-292026-06-29open ↗6-KPeriod ending 2026-06-292026-06-29open ↗6-KPeriod ending 2026-06-112026-06-11open ↗RWFiling2026-06-09open ↗6-KPeriod ending 2026-04-162026-04-16open ↗3Period ending 2022-03-222026-03-20open ↗3Period ending 2024-04-102026-03-20open ↗3Period ending 2024-04-102026-03-20open ↗6-KPeriod ending 2026-02-112026-02-11open ↗6-KPeriod ending 2026-01-202026-01-20open ↗
Frequently asked
- Is BIT ORIGIN Ltd (BTOG) a buy?
- BTOG currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity 0.10x); but revenue fell -98.6% YoY.
- What is BIT ORIGIN Ltd's quality score?
- BTOG scores 37.67127683488816/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001735556, latest 6-K filed 2026-07-01) · EODHD · as of 7/5/2026, 7:17:34 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
Rule-based analysis, generated automatically from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 5, 2026, 3:17 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.