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.

Earnings data Q4 2020

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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.

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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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Crypto stocks are on the rise Monday thanks to Bitcoin (BTC) picking up steam and breaking past the $40K price point this morning. The post 6 Crypto Stocks Getting a Bitcoin Boost Today: COIN, MSTR, MARA, RIOT, BTBT, SI appeared first on InvestorPlace.

6 Crypto Stocks Getting a Bitcoin Boost Today: COIN, MSTR, MARA, RIOT, BTBT, SI

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.

Digihost Partners With Bit Digital To Drive Hash Rates By 400 PH

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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Why Cryptocurrency Stocks Popped Today

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

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.

News for Bit Digital, Inc Stock (BTBT)