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. (BTBT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.79 per share a year ago.

Bit Digital, Inc. (BTBT) Reports Q4 Loss, Tops Revenue Estimates

NEW YORK , March 18, 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, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on March 18, 2024. Financial Highlights for the Fiscal Year 2023 Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.

Bit Digital, Inc. Announces Fiscal Year 2023 Financial Results

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Here's Why Bitcoin Miners Stopped Rising With Bitcoin Prices

NEW YORK , March 13, 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 fiscal year 2023 results on Monday, March 18, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Tuesday, March 19, 2024, at 10 a.m.

Bit Digital, Inc. Announces Date for Fiscal Year 2023 Financial Results and Conference Call

Crypto mining firms like Bit Digital (NASDAQ: BTBT ) typically have a positive correlation with the underlying coins. After all, they help feed the supply of various popular virtual currencies.

Trade of the Day: Bet Against Bit Digital (BTBT) Stock

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NEW YORK , March 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 February 2024.  Corporate Highlights for February 2024 In February 2024, the Company produced 128.7 BTC, an 11.7% decrease compared to the prior month.

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

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NEW YORK , Feb. 12, 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 its strategic priorities for 2024. "Our strategic priorities for 2024 are the cornerstone of our success, embodying five essential pillars that will guide Bit Digital's focus and direction," said Sam Tabar, CEO of Bit Digital.

Bit Digital, Inc. Announces 2024 Strategic Priorities

NEW YORK , Feb. 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 January 2024. Corporate Highlights for January 2024 In January 2024, the Company produced 145.7 BTC, a 14% decrease compared to the prior month.

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

NEW YORK , Jan. 31, 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 finalized an agreement for 6 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Massena, New York, is operated by a subsidiary of Coinmint LLC ("Coinmint").

Bit Digital, Inc. Announces Expansion of Mining Fleet

NEW YORK , Jan. 23, 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 its customer contract for its Bit Digital AI business has commenced revenue generation as of the date of this report. 192 servers, representing 1,536 GPUs, began generating revenue on January 23, 2024.

Bit Digital, Inc. Announces Commencement of Revenue Generation for Inaugural AI Contract

NEW YORK , Jan. 10, 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 increased the scope of its contract with its first customer of its Bit Digital AI business line. Under the terms of the agreement, Bit Digital will supply the customer with computational power from an additional 512 GPUs for a period of three years.

Bit Digital, Inc. Announces Upsized Customer Contract for Bit Digital AI

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NEW YORK , Jan. 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 and corporate updates for the month of December 2023. Corporate Highlights for December 2023 In December 2023, the Company produced 169.5 BTC, a 19% increase compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for December 2023

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NEW YORK , Dec. 26, 2023 /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 the Company targets doubling its operating fleet in its Bitcoin mining operations, to approximately 6.0 EH/s, during 2024. About Bit Digital Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City.

Bit Digital, Inc. Announces Doubling Size of Fleet

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NEW YORK , Dec. 20, 2023 /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 is has received an initial batch of servers that are equipped with Nvidia HGX H100 GPUs from Super Micro Computer, Inc. ("Supermicro"). To date, the Company has received 89 servers which will be shipped and delivered to the datacenter in Iceland by the end of this month.

Bit Digital, Inc. Announces Receipt of First Tranche of AI Servers

NEW YORK , Dec. 19, 2023 /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, announced today that there has thus far been no adverse impact to its operations in Iceland following the volcano eruption on the Reykjanes peninsula. The Company continues to monitor potential outcomes related to ongoing seismic activity in the country, but at this point expects no material impact to either its bitcoin mining operations or AI infrastructure business in Iceland.

Bit Digital, Inc. Announces That There Have Been No Disruptions to Its Operations in Iceland

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News for Bit Digital, Inc Stock (BTBT)