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.

Bit Digital shifts focus to HPC, reports strong Q3 growth

Bit Digital's Q3 performance reflects strong revenue growth driven by the HPC business, with a focus on operational efficiency and strategic investments.
The company's balance sheet strength and debt-free status provide a solid foundation for future growth and potential debt financing for HPC expansion.
Strategic initiatives such as the Enovum acquisition, scaling HPC operations, and fleet upgrades position Bit Digital for long-term success and market leadership.

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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.

NEW YORK, June 10, 2021 /PRNewswire/ -- Bit Digital, Inc. ("Bit Digital" or the "Company") (NASDAQ: BTBT) is pleased to announce that the Company has entered into a strategic co-mining agreement (the "Agreement") with Digihost Technologies ("Digihost") (TSXV: DGHI; OTCQB: HSSHF) in North America. Pursuant to the terms of the Agreement, Digithost will provide certain premises (the "Premises") to Bit Digital for the purpose of the operation and storage of a 20 MW Bitcoin mining system (the "Miners") to be delivered by Bit Digital, and Digithost will also provide services to maintain the Premises for a term of two years.

Bit Digital Announces Strategic Collaboration with Digihost to Increase Combined Hashrates by 400 PH/S

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Bitcoin bounced back a little today after a steep decline from last month's high.

Here's Why Bitcoin Mining Stocks Were Bouncing Back Today

NEW YORK, May 26, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), one of the largest publicly-listed Bitcoin miners globally, today announced the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its advisory board and leadership team. "As we continue to build our management and operational center of gravity here in the United States, we are adding exceptional talent to our leadership team," said Bryan Bullett, Bit Digital's CEO.

Bit Digital Appoints Brock Pierce To Advisory Board

The price of Bitcoin has started to recover, which is good news for this miner.

Why Bit Digital Stock Was Bouncing Back Today

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Cryptocurrencies and crypto stocks took another downturn on Wednesday after China issued a number of restrictions on the use of digital currencies. Not only does that potentially reduce the market for cryptocurrencies and undermine the thesis that they're global assets, but most Bitcoin (CRYPTO:BTC) mining also takes place in China, which complicates the industry's future.

Why Cryptocurrency Stocks Plunged Today

Cryptocurrency mining stocks recovered on Friday as bitcoin climbed back above the $50,000 per-coin level despite continued pressure on the cryptocurrency for its environmental impact. Shares of crypto miners like Riot Blockchain, Marathon Digital Holdings, and Bit Digital all rose during premarket hours on Friday.

Cryptocurrency mining stocks recover as bitcoin climbs back above $50,000

NEW YORK, May 6, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a bitcoin mining company headquartered in New York, today announced its unaudited financial results for the first quarter ended March 31, 2021. Financial Highlights for the First Quarter 2021 Revenue from bitcoin mining was $43.95 million.

Bit Digital, Inc. Announces First Quarter of Fiscal Year 2021 Financial Results

NEW YORK, May 5 ,2021 /PRNewswire/ -- Bit Digital, Inc. ("Bit Digital") (Nasdaq: BTBT), a Nasdaq-listed Bitcoin mining company headquartered in New York, and Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group ("DCG") focused on digital asset mining and staking, jointly announced that Bit Digital is now mining Bitcoin on Foundry USA Pool with approximately 5,679 mining machines generating up to 280 PH/s of computing power. With Bit Digital's addition, Foundry USA Pool is now a step closer to Foundry's ultimate aim of securing a permanent spot among the world's top 5 Bitcoin mining pools.

Bit Digital Joins Foundry USA Pool with 5,679 Machines, Adding Up To 280 PH/s of Compute Power to the Pool

NEW YORK, April 29, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and mining asset updates for the first quarter ended March 31, 2021. Preliminary First Quarter 2021 Highlights The Company earned 1,013.40 bitcoins in the first quarter of 2021.

Bit Digital, Inc. Announces Bitcoin Production and Mining Operations Update for the First Quarter of 2021

NEW YORK, April 23, 2021 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ: BTBT) ("Bit Digital" or "Company"), one of the largest listed Bitcoin mining companies globally, will be participating in the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference, which is being held virtually on Tuesday, April 27, 2021.

Bit Digital to Participate in the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021

NEW YORK, April 21, 2021 /PRNewswire/ -- Compute North  and Bit Digital, Inc. (Nasdaq: BTBT), are pleased to announce an additional 40MW hosting agreement for the expansion of Bit Digital's bitcoin mining operations in North America, with an important sustainability feature. As part of the agreement, Bit Digital, one of the largest US-listed bitcoin miners by operating hash rate, will deploy an additional 13,000 ASIC miners at Compute North facilities in the United States.

Bit Digital Expands North American Footprint with New 40MW Agreement with Compute North

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NEW YORK, April 12, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the highest operating hash rates (or computing power) among all US listed bitcoin miners, announced the appointment of Bryan Bullett as Chief Executive Officer and Sam Tabar as Chief Strategy Officer. Erke Huang will continue his role as Chief Financial Officer.

Bit Digital Announces North American Executive Team Headquartered in New York, Positions for Rapid Growth

Bitcoin's pullback overshadowed Bit Digital's announcement regarding new mining machines.

Why Bit Digital Stock Fell Today

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Bitcoin mining stocks have been big winners over the past year benefiting from the bull market in cryptocurrencies. The industry is quickly evolving with a profitable business model at current bitcoin prices.

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NEW YORK, April 6, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a bitcoin mining company headquartered in New York, announced that the Company had completed the purchase of 4,871 bitcoin miners representing a total hash rate of around 324 Ph/s in the first quarter of 2021. All of the newly purchased miners will be deployed in North America.

Bit Digital, Inc. completed the purchase of 4,871 bitcoin miners with total hash rate of over 324 Ph/s in the first quarter of 2021

NEW YORK, April 1, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission ("SEC") on March 30, 2021. The annual report, which contains its audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website at http://www.bit-digital.com.

Bit Digital, Inc. Announces 2020 Financial Highlights

VANCOUVER, BC / ACCESSWIRE / March 31, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) ("Link" or the "Company"), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to provide an update on its profit-share Bitcoin mining operations.

Link Global Announces The Arrival On Site of Bit Digital's Bitcoin Mining Machines, Bringing Hash Rate to 350 PH/S

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New York, New York--(Newsfile Corp. - March 22, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Bit Digital, Inc. (NASDAQ: BTBT) between December 21, 2020 and January 8, 2021, inclusive (the "Class Period"), of the important March 22, 2021 lead plaintiff deadline.SO WHAT: If you purchased Bit Digital securities during the Class Period you may be entitled to compensation without payment of any out of...

BTBT Final Deadline Today: Rosen, Trusted National Trial Counsel, Encourages Bit Digital, Inc. Investors with Large Losses to Secure Counsel Before Important March 22 Deadline in Securities Class Action - BTBT

LOS ANGELES, March 22, 2021 /PRNewswire/ --  The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Bit Digital, Inc. ("Bit Digital" or "the Company") (NASDAQ: BTBT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between December 21, 2020 and January 8, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before March 22, 2021.

DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Bit Digital, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

New York, New York--(Newsfile Corp. - March 22, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Bit Digital, Inc. ("Bit Digital") (NASDAQ: BTBT) between December 21, 2020 and January 8, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. To get...

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Bit Digital, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 22, 2021 - BTBT

New York, New York--(Newsfile Corp. - March 21, 2021) - Pomerantz LLP announces that a class action lawsuit has been filed against Bit Digital, Inc. ("Bit Digital" or the "Company") (NASDAQ: BTBT) and certain of its officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 21-cv-00721, is on behalf of a class consisting of all persons and entities other than Defendants...

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Bit Digital, Inc. of Class Action Lawsuit and Upcoming Deadline - BTBT

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