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.

Bit Digital shifts focus to HPC, reports strong Q3 growth

Bit Digital's Q3 performance reflects strong revenue growth driven by the HPC business, with a focus on operational efficiency and strategic investments.
The company's balance sheet strength and debt-free status provide a solid foundation for future growth and potential debt financing for HPC expansion.
Strategic initiatives such as the Enovum acquisition, scaling HPC operations, and fleet upgrades position Bit Digital for long-term success and market leadership.

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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, 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

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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

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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.

BTBT Stock: The $80 Million Reason Why Bit Digital Is Stumbling Today

NEW YORK, Sept. 30, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company" or "Bit Digital"), a Cayman Island exempted company, today announced that it has entered into a definitive agreement with institutional investors to purchase 13,490,728 ordinary shares in a private placement.

Bit Digital Announces $80 Million Private Placement

NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company with one of the largest currently owned fleets among US-listed miners, today announced the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its board of directors, effective October 31, 2021.

Bit Digital Appoints Brock Pierce to its Board of Directors

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Crypto stocks aren't doing so hot today and it's all thanks to recent news out of China concerning a ban on trading and mining. The post Crypto Stocks: Why RIOT, MARA, COIN and BTBT Are Falling Today appeared first on InvestorPlace.

Crypto Stocks: Why RIOT, MARA, COIN and BTBT Are Falling Today

Bit Digital Inc (NASDAQ:BTBT) is trading lower Friday in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The crypto markets are declining after The People's Bank of China reiterated its anti-crypto stance and announced that Bitcoin and Ethereum cannot be used as legal tender.

Why Bitcoin-Related Stock Bit Digital Is Trading Lower Today

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China says bitcoin and ether cannot be used as currency in the world's second-largest economy, sending bitcoin and crypto-linked stocks lower.

Marathon Digital and other crypto-linked stocks drop after China declares cryptocurrency transactions illegal

H.C. Wainwright analyst Kevin Dede  initiated coverage of Bit Digital Inc (NASDAQ:BTBT) with a Buy rating and $14 price target, implying a 46% upside.  Dede notes that the company has transformed "from an obscure technology opportunist to a full-fledged, transparent, North American-based industrial bitcoin miner," Dede notes.

H.C. Wainwright Sees 46% Upside In Bit Digital - Read Why

For being one of the largest public cryptocurrency miners, Bit Digital is not as well known as some major players. Bit Digital's stock price has taken a beating from the China crackdown, where most of their operations used to be located.

Bit Digital: A Potential Buy As They Relocate To North America

NEW YORK, Sept. 16, 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, presented highlights of recent operations at HC Wainwright Investor Conference on September 13 to 15, 2021.

Bit Digital Presented Highlights of Recent Operations at HC Wainwright Investor Conference on September 13 to 15, 2021

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Cryptocurrencies are regaining popularity, as a rising number of corporations and financial institutions have adopted Bitcoin (BTC), making exposure to the digital currency is easier than ever.

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The skeptics might think that anything involving crypto is over-valued, but with BTBT stock, major hash power doesn't have to be pricey. The post Bit Digital Is a Surprisingly Strong Value Among Crypto Miners appeared first on InvestorPlace.

Bit Digital Is a Surprisingly Strong Value Among Crypto Miners

NEW YORK, Sept. 7, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital") and Blockfusion USA, Inc. ("Blockfusion") (together, the "Companies") are pleased to announce that the Companies have entered into a strategic co-mining agreement (the "Agreement").

Bit Digital and Blockfusion Announce 35 Megawatt Strategic Partnership

Bit Digital is navigating through a period of uncertainty following the Chinese Bitcoin crackdown. The company has provided an update on hashrate redeployment.

Bit Digital: This Bitcoin Miner Could Be A Hidden Gem

Maybe you're into ESG/green investing. Or, maybe you're in the market for a Bitcoin mining play.

News for Bit Digital, Inc Stock (BTBT)