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.

Bit Digital presents a unique investment opportunity to invest in the Bitcoin mining business. Largely based on its asset-light, lean operating structure, BTBT presents a more robust business model than most of its peers.

Bit Digital: Turning Bits Into Bytes

NEW YORK , March 24, 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 a strategic investment in Auros Global Limited ("Auros"). Auros is a leading crypto-native algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects.

Bit Digital, Inc. Announces Strategic Investment in Auros Global Limited

NEW YORK , March 22, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, today announced a strategic realignment of its executive leadership team. The move is expected to best position leadership roles with respect to the Company's current business prospects and growth objectives.

Bit Digital Announces Strategic Executive Leadership Realignment, Advisory Board and Strategic Priorities for 2023

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NEW YORK , March 7, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainability focused generator of digital assets headquartered in New York, announced the formation of a joint venture with Mega Matrix Corp. (NYSE: MPU) ("Mega Matrix") by entering into a shareholders' agreement (the "Agreement") with MarsProtocol Technologies Pte. Ltd., the joint venture company (the "Joint Venture Company"), to jointly develop proof-of-stake technology tools for digital assets through the staking platform "MarsProtocol", an institutional grade non-custodial staking technology (the "Joint Venture").

Bit Digital, Inc. Announces Formation of a Joint Venture With Mega Matrix Corp. to Provide Digital Asset Staking Technology

NEW YORK , March 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 bitcoin production and corporate updates for the month of February 2023. Corporate Highlights for February 2023 In February 2023, the Company earned 108.2 bitcoins, a 19% decrease compared to the prior month.

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

NEW YORK , Feb. 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 bitcoin production and corporate updates for the month of January 2023. Corporate Highlights for January 2023 In January 2023, the Company earned 134.3 bitcoins, a 3% increase compared to the prior month.

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

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Bit Digital's no-debt approach to Bitcoin mining has allowed it the financial flexibility to pivot the business. The company is trying to quickly grow an Ethereum position to stake for network rewards through liquid staking products.

Bit Digital: Now An Ethereum Staking Play

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NEW YORK , Jan. 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 bitcoin production and corporate updates for the month of December 2022. Corporate Highlights for December 2022 In December 2022, the Company earned 130.0 bitcoins, a 10% decrease compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for December 2022

Bit Digital, Inc. (BTBT) delivered earnings and revenue surprises of -183.33% and 42.93%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Bit Digital, Inc. (BTBT) Reports Q3 Loss, Misses Revenue Estimates

NEW YORK , Dec. 7, 2022 /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 third quarter ended September 30, 2022. Financial Highlights for the Third Quarter 2022 Bitcoin mining revenue was $9.1 million for the third quarter of 2022.

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2022 Financial Results

NEW YORK , Dec. 5, 2022 /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 November 2022. Corporate Highlights for November 2022 In November 2022, the Company earned 144.1 bitcoins, a 5% decrease compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for November 2022

NEW YORK , Nov. 3, 2022 /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 October 2022. Corporate Highlights for October 2022 In October 2022, the Company earned 152.5 bitcoins, an 8% increase compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for October 2022

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NEW YORK , Oct. 13, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin and Ethereum production and corporate updates for the month of September 2022. Corporate Highlights for September 2022 In September 2022, the Company earned 141.3 bitcoins, a 3% decrease compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for September 2022

Bit Digital is an asset-light Bitcoin miner. The company depends on Compute North and Blockfusion for a large portion of its mining operations. Each of those companies is facing significant challenges.

Bit Digital: Another Casualty Of Hosted Mining?

NEW YORK , Oct. 7, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced updates related to its hosting partner's operations. Bit Digital received a notice (the "Notice") dated October 4, 2022, from the City of Niagara Falls, New York.

Bit Digital, Inc. Announces Update Related to Hosting Partner's Operations

NEW YORK , Sept. 7, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin and Ethereum production and corporate updates for the month of August 2022.

Bit Digital, Inc. Announces Monthly Production Update for August 2022

Bit Digital and the steps it's taking to mitigate risk in the current Bitcoin market. The company is positioned well to acquire more miners at bargain prices if the opportunity presents itself.

Bit Digital, Inc. And The Road Ahead

Bit Digital, Inc. (BTBT) delivered earnings and revenue surprises of -2,400% and 52.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

NEW YORK , Aug. 30, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York, today announced its unaudited financial results for the second quarter ended June 30, 2022. Financial Highlights for the Second Quarter 2022 Bitcoin mining revenue was $6.5 million for the second quarter of 2022.

Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2022 Financial Results

NEW YORK , Aug. 18, 2022 /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 selected Nine Blocks Capital Management SEZC Limited ("Nine Blocks"), an institutionally focused digital assets manager managing a digital assets market neutral fund for an allocation, as part of its enhanced treasury management function. The selection includes a direct investment into the Nine Blocks Master Fund, a digital assets market neutral fund using basis trading, relative value, and special situations strategies.

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