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, Aug. 8, 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 July 2022. Corporate Highlights for July 2022 In July 2022, the Company earned 142.5 bitcoins, an 111% increase compared to the prior month.

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

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NEW YORK , Aug. 3, 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 finalized an agreement for 5 megawatts of incremental hosting capacity to power its miners. The facility is located in Canada and utilizes an energy source that is primarily hydro power operated.

Bit Digital, Inc. Announces Incremental Hosting Capacity In Canada

NEW YORK , July 12, 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 June 2022. Corporate Highlights for June 2022 In June 2022, the Company earned 67.6 bitcoins and 0.0 ETHs.

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

NEW YORK , June 22, 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 first quarter ended March 31, 2022. Financial Highlights for the First Quarter 2022 Bitcoin mining revenue was $8.0 million for the first quarter of 2022.

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

Bit Digital is facing production and crypto pricing headwinds after a strong 2021. The crypto selloff is compressing multiples for crypto mining stocks which is unwelcome.

Bit Digital: Is It Better To Buy Bitcoin Instead?

NEW YORK , June 8, 2022 /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 corporate updates for the month of May 2022. Corporate Highlights for May 2022 In May 2022, the Company earned 53.4 bitcoins and 27.0 ETHs.

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

NEW YORK , May 19, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced updates related to its hosting partners' operations. Bit Digital management has recently been informed of two incidents affecting our hosting partners' operations.

Bit Digital, Inc. Announces Interruptions To Certain Hosting Partners' Operations

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NEW YORK , May 10, 2022 /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 corporate updates for the month of April 2022. Corporate Highlights for April 2022 In April 2022, the Company earned 76.23 bitcoins and 77.32 ETH.

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

Bit Digital managed to generate a profit in 2021 through its bitcoin mining operation. The company has terminated all activities in China and is in the process of redeploying its fleet of mining equipment in North America.

Bit Digital Stock: Is Now A Good Time To Buy, Sell, Or Hold?

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NEW YORK , April 15, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission ("SEC") on April 15, 2021. Fiscal Year 2021 Financial Highlights Bitcoin mining revenue increased to $96.1 million from $21.1 million in fiscal year 2020, an increase of 355% year over year.

Bit Digital, Inc. Announces 2021 Financial Highlights

NEW YORK, April 7, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, today announced a revised agreement with hosting partner Compute North LLC ("Compute North"). The revised agreement replaces and extends the term of a previous agreement for an additional 5 years and provides for approximately 6.5 MW of hosting capacity for 2,000 miners.

Bit Digital, Inc. Announces Revised Hosting Agreement and Equipment Upgrade with Compute North

NEW YORK, April 5, 2022 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ: BTBT) and BitMine Immersion Technologies, Inc. (OTC: BMNR) announce the signing of a Letter of Intent to establish a hosting relationship beginning with 7,000 current generation ASIC miners. The final agreement is expected to be completed in the coming weeks.

Bit Digital, Inc. and BitMine Immersion Technologies, Inc. Sign Letter of Intent for Hosting 7,000 ASIC Mining Computers

NEW YORK, March 24, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced today that it will be presenting virtually at the Ladenburg Thalmann Virtual Special Crypto Expo on Thursday, March 24th, at 08:30 AM ET. Bryan Bullett, CEO of Bit Digital, Inc., will be giving the presentation.

Bit Digital, Inc. Announces Conference Participation and Updated Investor Presentation

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NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Bit Digital (NASDAQ: BTBT), a leading digital mining company headquartered in New York City with facilities across North America, today announced that the Company has appointed Cameron Schnier as Head of Investor Relations. He will report to Chief Strategy Officer Sam Tabar while overseeing investor relations activities, corporate marketing events, and liaising with equity research coverage.

BIT DIGITAL APPOINTS CAMERON SCHNIER AS HEAD OF INVESTOR RELATIONS

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A recent filing with the SEC is causing investors to move out of the Bitcoin mining stock.

News for Bit Digital, Inc Stock (BTBT)