Bit Digital, Inc

Bit Digital, Inc. operates as a bitcoin mining company. The firm focuses on its mining business located globally in Asia, Canada, and the United States. The company was founded in November 2015 and is headquartered in New York, NY.

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Bit Digital reports stellar Q1 results, eyes expansion and margin growth

Bit Digital's Q1 performance reflects robust growth in revenue and profitability, driven by strong results in both Bitcoin mining and high-performance computing services. The company is strategically positioned to capitalize on opportunities for expansion and margin improvement while navigating challenges related to market volatility and operational efficiency.

Bit Digital posts stellar Q2 results, eyes growth amid challenges

Bit Digital's Q2 performance reflects robust revenue growth and operational efficiency, though profitability was impacted by digital asset valuation losses.
The company's financial strength, strategic partnerships, and focus on high-growth areas position it well for future expansion and value creation.
To capitalize on opportunities and address challenges, Bit Digital aims to optimize profitability, manage digital asset risks, and explore growth avenues.

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Bit Digital, Inc. engages in the digital asset mining business and Ethereum staking activities. The company was founded in November 2015 and is headquartered in New York, NY.

Bit Digital, Inc. (BTBT) closed the most recent trading day at $4.14, moving +0.98% from the previous trading session.

Bit Digital, Inc. (BTBT) Rises Higher Than Market: Key Facts

Recently, Zacks.com users have been paying close attention to Bit Digital (BTBT). This makes it worthwhile to examine what the stock has in store.

Bit Digital, Inc. (BTBT) is Attracting Investor Attention: Here is What You Should Know

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Catch up on the latest cryptocurrency prices and news. The post Cryptocurrency Prices And News: Bitcoin Tops $76,000, Trumps Record High After Election appeared first on Investor's Business Daily.

Cryptocurrency Prices And News: Bitcoin Tops $76,000, Trumps Record High After Election

Bit Digital Inc (NASDAQ:BTBT) reported growth in both digital asset production and revenue from AI services during the month of October. The company generated approximately $4.3 million in revenue from its initial AI contract, supported by 256 active servers dedicated to HPC services as of October 31, 2024.

Bit Digital increases Bitcoin output in October

NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of October 2024. Corporate Highlights for October 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of October 31, 2024.

Bit Digital, Inc. Announces Monthly Production Update for October 2024

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Bit Digital (BTBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Bit Digital, Inc. (BTBT) Report Negative Q3 Earnings? What You Should Know

Bit Digital Inc (NASDAQ:BTBT) told investors it has struck a deal with Boosteroid Inc for an initial order of 300 GPUs that are expected to generate around $4.6 million in revenue over the five-year term, with the option to expand the number of GPUs to up to 50,000. The high-performance computing specialist said it expects to complete deliveries to the cloud gaming provider and begin earning revenue from the contract by the end of this month.

Bit Digital finalises GPU supply contract with cloud gaming company Boosteroid

NEW YORK , Nov. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that it has executed a Master Service Agreement ("MSA") with Boosteroid Inc. ("Boosteroid"), a global cloud gaming provider and new customer of Bit Digital's high-performance computing ("HPC") services. Bit Digital previously announced that it had signed a binding term sheet with Boosteroid on August 19, 2024.

Bit Digital, Inc. Executes MSA with Boosteroid, Third-Largest Cloud Gaming Provider, For Initial Deployment

Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar talked with Proactive about the company's recent acquisition of Enovum Data Centers, a high-performance computing (HPC) facility operator based in Montreal. This acquisition marks a major step in Bit Digital's strategic expansion, positioning it as a diversified player in data center operations, GPU cloud services, and digital assets.

Bit Digital CEO talks Enovum acquisition – ICYMI

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In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.93, indicating a -1.75% shift from the previous trading day.

Bit Digital, Inc. (BTBT) Falls More Steeply Than Broader Market: What Investors Need to Know

Bit Digital, Inc. (BTBT) concluded the recent trading session at $3.88, signifying a -0.26% move from its prior day's close.

Bit Digital, Inc. (BTBT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after the company announced its acquisition of Enovum Data Centers for C$62.8 million, expanding its high performance computing (HPC) business. Analysts see the acquisition supporting colocation expansion and synergies.

Bit Digital's Enovum acquisition expands HPC services business while keeping balance sheet 'pristine,' analysts say

Bit Digital Inc (NASDAQ:BTBT) announced it has acquired Montreal-based Enovum Data Centers for approximately C$62.8 million (US$46 million). The acquisition, announced on Monday, vertically integrates Bit Digital's operations by adding a fully operational Tier 3 high-performance computing (HPC) datacenter and a development pipeline of over 280 megawatts (MW) in major metropolitan areas.

Bit Digital bolsters AI infrastructure with $46M acquisition of Enovum

NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that it has acquired Enovum Data Centers ("Enovum"), an owner, operator, and developer of high-performance computing ("HPC") datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM). This transaction vertically integrates Bit Digital's HPC operations with an existing, fully operational and fully leased Tier 3 datacenter in a major city; provides a strong diversity of existing and prospective colocation customers; delivers a strong pipeline of expansion site opportunities and an experienced team to lead the development processes; and enables Bit Digital to offer new service offerings such as colocation and on-demand computing to complement its existing GPU offerings.

Bit Digital, Inc. Vertically Integrates, Acquiring Tier 3 HPC Datacenter Company; 280+ MW Pipeline in Major Metropolitan Areas

Bit Digital, Inc. (BTBT) reachead $2.96 at the closing of the latest trading day, reflecting a -1% change compared to its last close.

Bit Digital, Inc. (BTBT) Declines More Than Market: Some Information for Investors

Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Bit Digital, Inc. (BTBT) Is a Trending Stock: Facts to Know Before Betting on It

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See Bit Digital (BTBT) as a Buy: Should You Invest?

Bit Digital Inc (NASDAQ:BTBT) has announced its operational and financial highlights for September 2024. During the month, Bit Digital generated approximately $4.2 million in revenue from its AI infrastructure services, with 256 servers actively contributing to the company's Bit Digital AI contract.

Bit Digital reports $4.2M in AI revenue for September

NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of September 2024. Corporate Highlights for September 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of September 30, 2024.

Bit Digital, Inc. Announces Monthly Production Update for September 2024

The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3.35, representing a +1.82% change from its previous close.

Bit Digital, Inc. (BTBT) Advances While Market Declines: Some Information for Investors

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Stellantis, MicroStrategy, Bit Digital And Other Big Stocks Moving Lower In Monday's Pre-Market Session

NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that the Company has adjourned its 2024 Annual Meeting of Shareholders until October 2 nd, 2024, at 9AM ET.

Bit Digital, Inc. Announces Adjournment of Annual General Meeting Until October 2, 2024

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after it strengthened its High Performance Computing (HPC) segment with key hires. The digital asset mining company announced last week the hiring of its new head of revenue Benjamin Lamson and chief technology officer Tom Sanfilippo.

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