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.

Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar talked with Proactive about the company's recent acquisition of Enovum Data Centers, a high-performance computing (HPC) facility operator based in Montreal. This acquisition marks a major step in Bit Digital's strategic expansion, positioning it as a diversified player in data center operations, GPU cloud services, and digital assets.

Bit Digital CEO talks Enovum acquisition – ICYMI

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Bitcoin trends toward $69,000, cryptocurrency stocks jump. Analysts initiate coverage of miners transitioning to AI.

Bitcoin Miners Rally As October Inflows Surge

In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.93, indicating a -1.75% shift from the previous trading day.

Bit Digital, Inc. (BTBT) Falls More Steeply Than Broader Market: What Investors Need to Know

Bit Digital, Inc. (BTBT) concluded the recent trading session at $3.88, signifying a -0.26% move from its prior day's close.

Bit Digital, Inc. (BTBT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after the company announced its acquisition of Enovum Data Centers for C$62.8 million, expanding its high performance computing (HPC) business. Analysts see the acquisition supporting colocation expansion and synergies.

Bit Digital's Enovum acquisition expands HPC services business while keeping balance sheet 'pristine,' analysts say

Bit Digital Inc (NASDAQ:BTBT) announced it has acquired Montreal-based Enovum Data Centers for approximately C$62.8 million (US$46 million). The acquisition, announced on Monday, vertically integrates Bit Digital's operations by adding a fully operational Tier 3 high-performance computing (HPC) datacenter and a development pipeline of over 280 megawatts (MW) in major metropolitan areas.

Bit Digital bolsters AI infrastructure with $46M acquisition of Enovum

NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that it has acquired Enovum Data Centers ("Enovum"), an owner, operator, and developer of high-performance computing ("HPC") datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM). This transaction vertically integrates Bit Digital's HPC operations with an existing, fully operational and fully leased Tier 3 datacenter in a major city; provides a strong diversity of existing and prospective colocation customers; delivers a strong pipeline of expansion site opportunities and an experienced team to lead the development processes; and enables Bit Digital to offer new service offerings such as colocation and on-demand computing to complement its existing GPU offerings.

Bit Digital, Inc. Vertically Integrates, Acquiring Tier 3 HPC Datacenter Company; 280+ MW Pipeline in Major Metropolitan Areas

Bit Digital, Inc. (BTBT) reachead $2.96 at the closing of the latest trading day, reflecting a -1% change compared to its last close.

Bit Digital, Inc. (BTBT) Declines More Than Market: Some Information for Investors

Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Bit Digital, Inc. (BTBT) Is a Trending Stock: Facts to Know Before Betting on It

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See Bit Digital (BTBT) as a Buy: Should You Invest?

Bit Digital Inc (NASDAQ:BTBT) has announced its operational and financial highlights for September 2024. During the month, Bit Digital generated approximately $4.2 million in revenue from its AI infrastructure services, with 256 servers actively contributing to the company's Bit Digital AI contract.

Bit Digital reports $4.2M in AI revenue for September

NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of September 2024. Corporate Highlights for September 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of September 30, 2024.

Bit Digital, Inc. Announces Monthly Production Update for September 2024

The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3.35, representing a +1.82% change from its previous close.

Bit Digital, Inc. (BTBT) Advances While Market Declines: Some Information for Investors

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Stellantis, MicroStrategy, Bit Digital And Other Big Stocks Moving Lower In Monday's Pre-Market Session

NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that the Company has adjourned its 2024 Annual Meeting of Shareholders until October 2 nd, 2024, at 9AM ET.

Bit Digital, Inc. Announces Adjournment of Annual General Meeting Until October 2, 2024

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after it strengthened its High Performance Computing (HPC) segment with key hires. The digital asset mining company announced last week the hiring of its new head of revenue Benjamin Lamson and chief technology officer Tom Sanfilippo.

Bit Digital impresses analysts with strategic HPC hires

Should You Invest in Bit Digital (BTBT) Based on Bullish Wall Street Views?

Bit Digital Inc (NASDAQ:BTBT) has announced key hires for its High Performance Computing (HPC) business. The company has added Benjamin Lamson as head of revenue and Tom Sanfilippo as chief technology officer.

Bit Digital strengthens HPC business with key hires

NEW YORK , Sept. 20, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that the Company has appointed Benjamin Lamson as Head of Revenue and Tom Sanfilippo as Chief Technology Officer ("CTO").

Bit Digital, Inc. Announces Key Hires for Its HPC Business; Appoints Benjamin Lamson as Head of Revenue and Tom Sanfilippo as CTO

Bit Digital (BTBT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search Bit Digital, Inc. (BTBT): Here is What You Need to Know

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Bitcoin miners are consolidating as crypto prices drop, but have something that deep-pocket AI developers need badly. Here's what's up.

Bitcoin Miners Diversify, Chase Lucrative AI Deals

Bit Digital Inc (NASDAQ:BTBT) announced that it generated approximately $4.3 million in unaudited revenue from 256 servers under its initial Bit Digital AI contract during the month of August. The sustainable Bitcoin miner and AI infrastructure provider said it incurred a service credit to a client of $579,000 related to downtime experienced during an equipment upgrade for the period of February to June 2024.

Bit Digital reports August Bitcoin production, AI contract revenue

NEW YORK , Sept. 5, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of August 2024.

Bit Digital, Inc. Announces Monthly Production Update for August 2024

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is It Worth Investing in Bit Digital (BTBT) Based on Wall Street's Bullish Views?

Bit Digital (BTBT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Bit Digital, Inc. (BTBT) is a Trending Stock

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