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.

NEW YORK , Jan. 31, 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 City, is pleased to announce that it has finalized an agreement for 6 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Massena, New York, is operated by a subsidiary of Coinmint LLC ("Coinmint").

Bit Digital, Inc. Announces Expansion of Mining Fleet

NEW YORK , Jan. 23, 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 City, is pleased to announce that its customer contract for its Bit Digital AI business has commenced revenue generation as of the date of this report. 192 servers, representing 1,536 GPUs, began generating revenue on January 23, 2024.

Bit Digital, Inc. Announces Commencement of Revenue Generation for Inaugural AI Contract

NEW YORK , Jan. 10, 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 City, is pleased to announce that it has increased the scope of its contract with its first customer of its Bit Digital AI business line. Under the terms of the agreement, Bit Digital will supply the customer with computational power from an additional 512 GPUs for a period of three years.

Bit Digital, Inc. Announces Upsized Customer Contract for Bit Digital AI

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NEW YORK , Jan. 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 and corporate updates for the month of December 2023. Corporate Highlights for December 2023 In December 2023, the Company produced 169.5 BTC, a 19% increase compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for December 2023

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NEW YORK , Dec. 26, 2023 /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 City, is pleased to announce that the Company targets doubling its operating fleet in its Bitcoin mining operations, to approximately 6.0 EH/s, during 2024. About Bit Digital Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City.

Bit Digital, Inc. Announces Doubling Size of Fleet

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NEW YORK , Dec. 20, 2023 /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 City, is pleased to announce that is has received an initial batch of servers that are equipped with Nvidia HGX H100 GPUs from Super Micro Computer, Inc. ("Supermicro"). To date, the Company has received 89 servers which will be shipped and delivered to the datacenter in Iceland by the end of this month.

Bit Digital, Inc. Announces Receipt of First Tranche of AI Servers

NEW YORK , Dec. 19, 2023 /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 City, announced today that there has thus far been no adverse impact to its operations in Iceland following the volcano eruption on the Reykjanes peninsula. The Company continues to monitor potential outcomes related to ongoing seismic activity in the country, but at this point expects no material impact to either its bitcoin mining operations or AI infrastructure business in Iceland.

Bit Digital, Inc. Announces That There Have Been No Disruptions to Its Operations in Iceland

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Bitcoin Miners Tumble on Bitcoin's Late Night Crash

NEW YORK , Dec. 5, 2023 /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 November 2023. Corporate Highlights for November 2023 In November 2023, the Company produced 142.7 BTC, a 24% increase compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for November 2023

Here is how Bit Digital, Inc. (BTBT) and SoFi Technologies, Inc. (SOFI) have performed compared to their sector so far this year.

Is Bit Digital (BTBT) Outperforming Other Business Services Stocks This Year?

NEW YORK , Nov. 20, 2023 /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 City, is pleased to announce that it has finalized its service agreement with its first customer of its new business line, Bit Digital AI. Under the terms of the agreement, Bit Digital will supply the customer with computational power from 1,504 GPUs for a period of three years.

Bit Digital, Inc. Announces Finalized AI Customer Contract Terms and Datacenter Location

NEW YORK , Nov. 14, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a sustainable digital infrastructure platform for digital assets and artificial intelligence ("AI") headquartered in New York City, today announced its unaudited financial results for the Third Quarter ended September 30, 2023. Financial Highlights for the Third Quarter 2023                Total revenue was $11.6 million for the Third Quarter of 2023.

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2023 Financial Results

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NEW YORK , Nov. 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York City, announced its unaudited digital asset production and corporate updates for the month of October 2023. Corporate Highlights for October 2023 In October 2023, the Company produced 111.6 BTC, a 14% decrease compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for October 2023

NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce that it has finalized an agreement with Soluna Computing, Inc ("Soluna") for 4.4 megawatts of incremental hosting capacity at Project Sophie in Kentucky to power its miners for an initial contract term of twelve months. The company will fill the capacity with existing miners from its fleet and expects the miners to be actively hashing by early-November, 2023.

Bit Digital, Inc. Announces New Hosting Location

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NEW YORK , Oct. 23, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce the launch of Bit Digital AI, a new business line that will provide specialized infrastructure to support generative artificial intelligence ("AI") workstreams.  The Company has commenced Bit Digital AI operations by signing a binding term sheet with a customer to support their GPU-accelerated workloads.

Bit Digital, Inc. Launches New AI Business: Secures Customer Contract Worth up to $257 Million, Procures NVIDIA H100 GPUs

NEW YORK , Oct. 4, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited digital asset production and corporate updates for the month of September 2023. Corporate Highlights for September 2023 In September 2023, the Company produced 130.2 BTC, a 7% decrease compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for September 2023

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