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.

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NEW YORK, Aug. 20, 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 second quarter ended June 30, 2021. Financial Highlights for the Second Quarter 2021 Revenue from bitcoin mining was $28.3 million.

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

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The stock price of Bit Digital Inc (NASDAQ: BTBT) increased by over 4% pre-market. This is why it happened.

BTBT Stock Price Increases Over 4% Pre-Market: Why It Happened

The stock price of Bit Digital Inc (NASDAQ: BTBT) increased by 21.04%. This is why it happened.

BTBT Stock Price Increased 21.04%: Why It Happened

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NEW YORK, Aug. 5, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq:  BTBT ) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, was the focus of an in-depth video report by Bloomberg L.P. on its operations and efforts to utilize carbon neutral energy sources for mining.

Bit Digital Featured in Bloomberg In-Depth Video Report

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Why Crypto Stocks Are Up Big Today

Bit Digital Inc. (NASDAQ:BTBT) shares are trading higher Monday, likely moving alongside Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The cryptocurrency-related stock typically trades in sympathy with the rest of the cryptocurrency market.

Bit Digital Looks To Have Broken Out Of A Wedge Pattern

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NEW YORK , July 27, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, was selected to participate in a panel discussion with Marathon Digital Holdings ("Marathon") at Sequire's Blockchain Conference on July 15 th.    Bit Digital CEO Bryan Bullett and Marathon CEO Fred Thiel presented; the full transcript is available here  and the video recording is available above.

Fireside Chat Between Bit Digital and Marathon Digital Holdings

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Shares of crypto-mining companies tend to move with the price of Bitcoin and other cryptocurrencies, so their prices jumped over the weekend.

Why Shares of These Crypto-Mining Stocks Are Up Today

The stock price of Bit Digital Inc (NASDAQ: BTBT) increased by over 40% during intraday trading. This is why it happened.

BTBT Stock Increases Over 40% Intraday: Why It Happened

NEW YORK, July 26, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital") and Digihost Technology Inc. (TSXV: DGHI; OTCQB: HSSHF) ("Digihost") (together, the "Companies") are pleased to announce that the Companies have entered into a second strategic co-mining agreement (the "Agreement"). Pursuant to the terms of the Agreement, Digihost will provide certain premises (the "Premises") to Bit Digital for the operation of a 100 MW Bitcoin mining system (the "Miners") to be delivered by Bit Digital for a term of two years.

Bit Digital and Digihost Announce Expansion of Strategic Collaboration to Further Increase Combined Hashrates by 2 EH

MIAMI BEACH, Fla. , July 23, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced that it had leased office space at 429 Lenox Avenue, Miami Beach, Florida.

Bit Digital, Inc. Announces New US Office in Miami Beach

NEW YORK, July 20, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, today announced that the Company had appointed Justin Zhu as Vice President of Finance. He will report to CEO Bryan Bullett and CFO Erke Huang.

Bit Digital, Inc. appoints Justin Zhu as Vice President of Finance

NEW YORK, July 13, 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 operations update for the second quarter ended June 30, 2021. Preliminary Second Quarter 2021 Highlights 70.8% of our miner fleet by hash rate was already deployed, in transit to or awaiting installation in North America at June 30, 2021.

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

NEW YORK, June 24, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), one of the largest publicly-listed Bitcoin miners globally, today announced it has signed the Crypto Climate Accord. The Crypto Climate Accord (CCA) is a private sector-led initiative to decarbonize the crypto and blockchain sector.

Bit Digital Becomes Signatory to Crypto Climate Accord

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If you're looking for a nice asymmetric bet on rebounding bitcoin prices, you should consider taking a position in Bit Digital (BTBT) today. The post It's Time to Get Bullish on Bitcoin Miners… appeared first on InvestorPlace.

It's Time to Get Bullish on Bitcoin Miners…

Digihost Technology Inc (OTC: HSSHF) inked an agreement to provide certain premises to Bit Digital Inc (NASDAQ: BTBT) to operate and store a 20 MW Bitcoin mining system to be delivered by Bit Digital. Digihost Technology will also provide services to maintain the premises for a term of two years.

News for Bit Digital, Inc Stock (BTBT)