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.

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China Rapid Finance

Bitcoin miners are showing what leveraged exposure to Bitcoin can mean in the short term.

Bitcoin Miners Bit Digital, Canaan, and SOS Are Flying High This Week

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Hive Blockchain Technologies Ltd

Riot Blockchain

Crypto mining stocks struggled today, along with the broader crypto market.

Why Shares of Riot Blockchain, Hive Blockchain, Bit Digital, and Bitfarms Are All Down Today

NEW YORK, Dec. 23, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a bitcoin mining company headquartered in New York, today announced its unaudited financial results for the third quarter ended September 30, 2021. Financial Highlights for the Third Quarter 2021 Revenue from bitcoin mining was $10.4 million.

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2021 Financial Results

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Carnival

Three companies we previously previewed reported results late Wednesday or early Thursday.

Earnings Previews: Bit Digital, Blade Air Mobility, Carnival

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a public bitcoin mining company headquartered in New York, is pleased to announce its new investor presentation is now available on the Company's website in the Investors section. Bit Digital is an American sustainability-focused generator of digital assets with a mission to build the largest global digital asset mining platform.

Bit Digital Announces New Investor Presentation

Bit Digital in a way personifies the harm which abrupt Chinese state action against Bitcoin mining can inflict to a miner. Far from choosing the easy route and just relocating to some nearby country, the company has chosen stable North American jurisdictions plus a distributed footprint across the U.S.

Bit Digital: 'Out Of China' Bitcoin Mining Operations Update, Valuable Stock But Wait For Q4

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a public bitcoin mining company headquartered in New York, announced today it has become a member of the Bitcoin Mining Council (BMC), joining MicroStrategy and founding members Argo Blockchain, Core Scientific, Marathon Digital Holdings, Riot Blockchain and Galaxy Digital, among others.  Mr.

Bit Digital Joins the Bitcoin Mining Council (BMC) at the Invitation of Michael Saylor, Founding Member

The stock price of Bit Digital Inc (NASDAQ: BTBT) fell by over 6% pre-market today. This is why it happened.

Bit Digital Stock (BTBT): Why The Price Fell Today

NEW YORK, Nov. 17, 2021 /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 mining operations update for the third quarter ended September 30, 2021. Preliminary Third Quarter 2021 Highlights We completed our fleet's exit from China.

Bit Digital, Inc. Announces Bitcoin Production and Mining Operations Update for the Third Quarter of 2021

Altimeter Growth

Huadi International Group

Progenity

Synaptogenix

Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next GameStop Corp (NYSE:GME) or AMC Entertainment Holdings Inc (NYSE:AMC). A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

5 Short Squeeze Candidates To Watch: Huadi Tops List, Altimeter Group And Bit Digital Rejoin Leaderboard

Is Bit Digital a Short-Squeeze Stock?

Hut 8 Mining Corp

Slipstreaming behind gains on major cryptocurrencies such as Bitcoin (CRYPTO:BTC), cryptocurrency mining companies had a fine Monday. HIVE Blockchain Technologies (NASDAQ:HIVE) and Hut 8 Mining (NASDAQ:HUT) both closed the day nearly 10% higher, while Bit Digital (NASDAQ:BTBT) posted an almost 6% gain.

Why Bitcoin Mining Stocks Soared Today

Sphere 3D

Marathon Digital Holdings

Crypto mining stocks are booming to start the week. Bitcoin's high prices and low energy-to-mine are helping to turn great profits.

Crypto Mining Stocks: Why MARA, RIOT, ANY, HUT, BTBT Are Gaining Today

WiMi Hologram Cloud

AerSale Corp

Protagonist Therapeutics

Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next GameStop Corp (NYSE: GME) or AMC Entertainment Holdings Inc (NYSE: AMC). A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

5 Short Squeeze Candidates To Watch: Progenity Tops List Again, Augmented Reality Play WiMi Hologram Joins List

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, was the focus of an in-depth video report by The Wall Street Journal on its operations and efforts to utilize carbon neutral energy sources for mining. The video was released on October 14, 2021.

Bit Digital Featured in The Wall Street Journal In-Depth Video Report

Bitcoin mining company Bit Digital Inc (NASDAQ: BTBT) selling shareholders proposed to offload 23.6 million shares under a secondary equity offering. Bit Digital will not get any of the offering proceeds.

Bit Digital Selling Shareholders To Offload Stake Via Equity Offering

The stock price of Bit Digital Inc (NASDAQ: BTBT) saw its stock price increased by over 45% between Monday, October 4 and yesterday. This is why it happened.

BTBT Stock: Why It Increased This Month

Camber Energy

Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC), two stocks that attracted strong interest and saw shares spike. A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

5 Short Squeeze Candidates To Watch: Bit Digital, Camber Energy Rejoin The List

NEW YORK, Oct. 12, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company" or "Bit Digital"), a bitcoin mining company headquartered in New York, today announced that it has signed agreements with Bitmain Technologies Limited ("Bitmain") to purchase 10,000 Bitcoin mining hardware. The announced purchases are expected to increase Bit Digital's miner fleet hash rate by over 1.0 Exahash ("EH/s").

Bit Digital Announces Agreements to Purchase 10,000 Antminers from Bitmain

Coinbase

MicroStrategy Incorporated

Crypto stocks are up big this afternoon. Investors are preparing for Bitcoin to near its all-time high by investing in relevant companies.

COIN and 5 Other Crypto Stocks Seeing Gains as Bitcoin Approaches $60K

Bit Digital Inc s surging higher Monday amid an increase in the price of Bitcoin and Ethereum

Why Bitcoin-Related Stock Bit Digital Is Surging Today

Investors appear to be overlooking shareholder dilution and instead celebrating a big influx of cash.

Why Bit Digital Stock Soared Today

Here are a few reasons why Bit Digital is soaring in investor interest right now, following a difficult few weeks for BTBT stock. The post BTBT Stock: What Is Going on With Short-Squeeze Play Bit Digital Today?

BTBT Stock: What Is Going on With Short-Squeeze Play Bit Digital Today?

NEW YORK, Oct. 5, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company" or "Bit Digital"), a Cayman Island exempted company, today announced that it has closed its previously announced private placement with institutional investors for the sale of 13,490,728 ordinary shares. The Company also issued to the investors unregistered warrants to purchase up to an aggregate of 10,118,046 ordinary shares.

Bit Digital Announces Closing of $80 Million Private Placement

Here's what investors may want to know about today's impressive drop in Bitcoin miner Bit Digital and BTBT stock as it drops more than 10%. The post BTBT Stock: The $80 Million Reason Why Bit Digital Is Stumbling Today appeared first on InvestorPlace.

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