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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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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.

NEW YORK , June 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 and corporate updates for the month of May 2024. Corporate Highlights for May 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of May 31, 2024.

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

2024 has had its ups and downs for the world's bitcoin miners. For anyone even partially up to date on the bitcoin news cycle, the ups won't come as a surprise.

Bit Digital: AI more than just a buzzword for this bitcoin miner

Bit Digital Inc (NASDAQ:BTBT) saw a surge in revenue for the first quarter driven by a rising Bitcoin price and its new high performance computing (HPC) services business. Revenue jumped 266% from the year-ago quarter to $30.3 million, including a 166% increase in Bitcoin mining revenue to $21.9 million and $8.1 million in revenue from its HPC business.

Bit Digital CEO talks ‘banner' Q1 results, expansion of high performance computing business

Bit Digital, Inc. (NASDAQ:BTBT ) Q1 2024 Earnings Conference Call May 16, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Conference Call Participants Mike Grondahl - Northland Securities Joe Gomes - Noble Capital Markets Kevin Dede - H.C. Wainwright Operator Hello and welcome to the Bit Digital First Quarter 2024 Earnings Conference Call.

Bit Digital, Inc. (BTBT) Q1 2024 Earnings Call Transcript

Bit Digital Inc (NASDAQ:BTBT) has reported a spike in revenue and earnings over the first quarter thanks to an increase in the price of bitcoin and its new artificial intelligence business. Revenue soared 266% to US$30.3 million over the first three months of the year, the digital asset and AI infrastructure firm said on Wednesday.

Bit Digital's earnings spike on higher bitcoin price, new AI wing

NEW YORK , May 15, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City, today announced its unaudited financial results for the First Quarter ended March 31, 2024. Financial Highlights for the First Quarter of 2024                Total revenue was $30.3 million for the First Quarter of 2024, a 266% increase compared to the First Quarter of 2023.

Bit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial Results

Bit Digital (BTBT) is expected to record top and bottom-line growth when it reports first-quarter 2024 results.

Bit Digital (BTBT) Set to Report Q1 Earnings: What's in Store?

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Following a broader market rally, Bitcoin ( BTC-USD ) rebounded to the $65,000 mark. The resurgence could be linked to the softer-than-anticipated jobs report, with experts expecting at least a couple of interest rate cuts this year.

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Bit Digital, Inc. (BTBT) concluded the recent trading session at $2.17, signifying no movement from its prior day's close.

Bit Digital, Inc. (BTBT) Trades Flat On The Day: What You Should Know

NEW YORK , May 8, 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 will release its First Quarter 2024 results on Wednesday, May 15, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Thursday, May 16, 2024, at 10 a.m.

Bit Digital, Inc. Announces Date for First Quarter 2024 Financial Results and Conference Call

NEW YORK , May 6, 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 and corporate updates for the month of April 2024. Corporate Highlights for April 2024 In April 2024, the Company produced 119.3 BTC, a 12.5% decrease compared to the prior month.

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

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Bitcoin miners are facing a significant change to their overall business models given that the halving has slashed their mining rewards in half. To make up any revenue shortfall, smaller Bitcoin miners appear to be exploring a move into AI computing.

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In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $2.01, indicating a -1.23% shift from the previous trading day.

Why Bit Digital, Inc. (BTBT) Dipped More Than Broader Market Today

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Bit Digital, Inc. (BTBT) concluded the recent trading session at $2.23, signifying a +0.45% move from its prior day's close.

Why Bit Digital, Inc. (BTBT) Outpaced the Stock Market Today

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Leading Bitcoin (NASDAQ:BTC-USD) miners are working hard to boost output and efficiency in the run-up to the 2024 Bitcoin halving. Slated for some time between April 19 and 20, the block reward will fall from 6.25 to 3.125.

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NEW YORK , April 3, 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 and corporate updates for the month of March 2024. Corporate Highlights for March 2024 In March 2024, the Company produced 136.4 BTC, a 6% increase compared to the prior month.

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

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An unexpectedly strong reading of a key manufacturing gauge pumped the dollar's value higher. This dampened demand for dollar-denominated assets, like the majority of cryptocurrencies.

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Bit Digital (BTBT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Bit Digital (BTBT) Gain on Rising Earnings Estimates?

NEW YORK , March 26, 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 City, is pleased to announce that it has received a proposal from its existing customer for Bit Digital AI to significantly expand the scope of its existing agreement. The proposal calls for an additional 2,048 GPUs, amounting to a total of 4,096 GPUs under the amended agreement.

Bit Digital, Inc. Announces Customer Proposal to Expand Existing Agreement by an Additional 2,048 GPUs

Bit Digital reported earnings this week. The cryptocurrency miner is getting into artificial intelligence.

Why Shares of Bit Digital Stock Were Rising This Week

Bit Digital (BTBT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Bit Digital (BTBT) Upgraded to Strong Buy: Here's What You Should Know

Bit Digital, Inc. (BTBT) Q4 2023 Earnings Call Transcript

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