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.

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.

Bit Digital impresses analysts with strategic HPC hires

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?

Should You Invest in Bit Digital (BTBT) Based on Bullish Wall Street Views?

Bit Digital Inc (NASDAQ:BTBT) has announced key hires for its High Performance Computing (HPC) business. The company has added Benjamin Lamson as head of revenue and Tom Sanfilippo as chief technology officer.

Bit Digital strengthens HPC business with key hires

NEW YORK , Sept. 20, 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 appointed Benjamin Lamson as Head of Revenue and Tom Sanfilippo as Chief Technology Officer ("CTO").

Bit Digital, Inc. Announces Key Hires for Its HPC Business; Appoints Benjamin Lamson as Head of Revenue and Tom Sanfilippo as CTO

Bit Digital (BTBT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search Bit Digital, Inc. (BTBT): Here is What You Need to Know

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Bitcoin miners are consolidating as crypto prices drop, but have something that deep-pocket AI developers need badly. Here's what's up.

Bitcoin Miners Diversify, Chase Lucrative AI Deals

Bit Digital Inc (NASDAQ:BTBT) announced that it generated approximately $4.3 million in unaudited revenue from 256 servers under its initial Bit Digital AI contract during the month of August. The sustainable Bitcoin miner and AI infrastructure provider said it incurred a service credit to a client of $579,000 related to downtime experienced during an equipment upgrade for the period of February to June 2024.

Bit Digital reports August Bitcoin production, AI contract revenue

NEW YORK , Sept. 5, 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 August 2024.

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

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is It Worth Investing in Bit Digital (BTBT) Based on Wall Street's Bullish Views?

Bit Digital (BTBT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Bit Digital, Inc. (BTBT) is a Trending Stock

Analysts at Noble Capital Markets have repeated their ‘Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) after the Bitcoin miner's second quarter earnings impressed and it announced a significant contract win for its new High Performance Computing (HPC) business with cloud gaming firm Boosteroid. “We believe the company's expansion of its [HPC business] provides the company with additional stable cash flow and risk diversification outside of its cryptocurrency mining and staking operations,” the analysts wrote in a note to clients.

Bit Digital's HPC expansion, stabilizing Bitcoin mining conditions drive analyst confidence

Bit Digital, Inc. (NASDAQ:BTBT ) Q2 2024 Earnings Conference Call August 20, 2024 10:00 AM ET Company Participants Cameron Schnier - Head, Investor Relations Sam Tabar - Chief Executive Officer Erke Huang - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Kevin Dede - H.C. Wainwright & Co. Joe Gomes - Noble Capital Chris Sakai - Singular Research Operator Hello, and welcome to the Bit Digital Second Quarter 2024 Earnings Conference Call.

Bit Digital, Inc. (BTBT) Q2 2024 Earnings Call Transcript

Bit Digital's second-quarter earnings were a mixed bag, with the company reporting a wider loss than expected, but a rosier revenue outlook. However, most investor attention is being placed on the company's high-performance computing division, which has seen significant year-over-year growth.

Why Bit Digital Is Rocketing Higher, Up 17% Today

Bit Digital Inc (NASDAQ:BTBT) saw its second quarter revenue surge 220% year-over-year as it commenced its High Performance Computing (HPC) services business and realized a higher Bitcoin price. Revenue was $29 million, including revenue from Bitcoin mining of $16.1 million, up 80% from the year-ago quarter.

Bit Digital Q2 revenue boosted by new High Performance Computing business

Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.02 per share a year ago.

Bit Digital, Inc. (BTBT) Reports Q2 Loss, Tops Revenue Estimates

NEW YORK , Aug. 19, 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 signed a binding term sheet with Boosteroid Inc. ("Boosteroid"), a new customer for its high-performance computing ("HPC") business. Key Highlights Initial Agreement: Upon signing a master service agreement ("MSA"), Boosteroid will place an initial purchase for a starting quantity of GPU servers with a five-year service duration.

Bit Digital, Inc. Announces Binding Term Sheet with New HPC Customer Representing a More Than $700 Million Revenue Opportunity Over Five-Year Term

NEW YORK , Aug. 19, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City, today announced its unaudited financial results for the Second Quarter ended June 30, 2024. Financial Highlights for the Second Quarter of 2024 Total revenue was $29.0 million for the Second Quarter of 2024, a 220% increase compared to the Second Quarter of 2023.

Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2024 Financial Results

In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $2.86, indicating a -1.38% shift from the previous trading day.

Bit Digital, Inc. (BTBT) Stock Slides as Market Rises: Facts to Know Before You Trade

NEW YORK , Aug. 12, 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 will release its Second Quarter 2024 results on Monday, August 19, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Tuesday, August 20, 2024, at 10 a.m.

Bit Digital, Inc. Announces Date for Second Quarter 2024 Financial Results and Conference Call

Is Bit Digital (BTBT) a Buy as Wall Street Analysts Look Optimistic?

Nasdaq-listed bitcoin miner and Ethereum staker Bit Digital Inc (NASDAQ:BTBT) mined 60.5 bitcoin (BTC) in July, marking a 1.9% decrease compared to the previous month. Bit Digital also earned an estimated $4.3 million in unaudited revenue from its initial AI contract.

Bit Digital mines 60.5 bitcoin, earns 47.5 Ethereum in stake rewards in July

NEW YORK , Aug. 6, 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 and corporate updates for the month of July 2024. Corporate Highlights for July 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of July 31, 2024.

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

Investors need to pay close attention to Bit Digital (BTBT) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Bit Digital (BTBT) Stock?

Bit Digital is a distant underdog in the Bitcoin mining market. But it's expanding into the AI market with its GPU rental services.

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