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J Capital Research
Initial Report Date(2021/05/27)Share Price:8.700  
BTCM: It Keeps Coming Back Now It's Trying the Crypto-Hoax Space
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‣ BTCM has been losing money since 2015, a year after its IPO. We think that’s intentional. ‣ We’ll show that the crypto mining plan is end-to-end hype. ‣ We found that BTCM overstated by 650% the revenue of the offshore lottery business it bought then falsely blamed a regulatory change for plummeting income. ‣ The company has been through five lines of business and three auditors since its core business was banned in 2015. Crypto mining is the latest promote. ‣ BTCM is known in China for running low-level scams and Ponzis. Unfortunately, a lot of U.S. investors have not yet caught on to the grift.
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