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.

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NEW YORK , Sept. 5, 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 August 2023.

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

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NEW YORK , Aug. 15, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York City, today announced its unaudited financial results for the second quarter ended June 30, 2023. Financial Highlights for the Second Quarter 2023 Total revenue was $9.0 million for the second quarter of 2023.

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

NEW YORK , Aug. 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 July 2023. Corporate Highlights for July 2023 In July 2023, the Company produced 133.0 BTC, a 12% increase compared to the prior month.

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

NEW YORK , July 6, 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 June 2023. Corporate Highlights for June 2023 In June 2023, the Company produced 119.1 BTC, a 5% increase compared to the prior month.

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

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NEW YORK , June 22, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainability focused generator of digital assets headquartered in New York, is pleased to announce that it has revised an existing agreement to expand the Company's mining capacity in Iceland to approximately 10.7 megawatts ("MW"). The amended agreement provides Bit Digital with approximately 10.7 MW of hosting capacity with GreenBlocks ehf ("GreenBlocks") at the facility in Reykjanesbaer, Iceland.

Bit Digital, Inc. Announces Expansion of Mining Capacity in Iceland

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NEW YORK , June 12, 2023  /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York City, today announced its unaudited financial results for the first quarter ended March 31, 2023. Financial Highlights for the First Quarter 2023 Total revenue was $8.3 million for the first quarter of 2023.

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

NEW YORK , June 5, 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 May 2023. Corporate Highlights for May 2023 In May 2023, the Company produced 113.2 BTC, a 31% increase compared to the prior month.

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

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Bit Digital (NASDAQ: BTBT), a leading Bitcoin mining company, is working to expand its operations in Iceland as the situation in the US worsens.  In a statement, Samir Tabar, the company's CEO, said that the regulatory situation in the US forced the firm to look for alternatives.

Report: Bitcoin miner Bit Digital expands in Iceland, stock jumps

NEW YORK , May 18, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has finalized an agreement to expand the Company's bitcoin mining presence into Iceland. This expansion will allow Bit Digital to tap into Iceland's abundant renewable energy resources and further diversify its hosting operations.

Bit Digital, Inc. Announces Expansion of Mining Operations into Iceland

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Bitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax Crackdown

NEW YORK , May 9, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has finalized agreements for an aggregate of 14 megawatts ("MW") of incremental hosting capacity to power its miners. Coinmint: Coinmint Partnership: Bit Digital has reached an agreement with Coinmint LLC ("Coinmint") to secure an additional 10 MW of hosting capacity.

Bit Digital, Inc. Announces Additional Mining Capacity with Two Hosting Partners

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NEW YORK , May 3, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of April 2023. Corporate Highlights for April 2023 In April 2023, the Company earned 86.1 bitcoins, a 28% decrease compared to the prior month.

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

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NEW YORK , April 28, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York City, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission ("SEC") on April 27, 2023. Financial Highlights for Fiscal Year 2022 Total revenue was $32.3 million for the fiscal year 2022.

Bit Digital, Inc. Announces Fiscal Year 2022 Financial Highlights

NEW YORK , April 26, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has finalized an agreement for 10 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Plattsburgh, New York, is operated by a subsidiary of Coinmint LLC ("Coinmint").

Bit Digital, Inc. Announces Expansion of Mining Capacity

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NEW YORK , April 5, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of March 2023. Corporate Highlights for March 2023 In March 2023, the Company earned 119.4 bitcoins, a 10% increase compared to the prior month.

News for Bit Digital, Inc Stock (BTBT)