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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Bit Digital (NASDAQ: BTBT), a leading Bitcoin mining company, is working to expand its operations in Iceland as the situation in the US worsens.  In a statement, Samir Tabar, the company's CEO, said that the regulatory situation in the US forced the firm to look for alternatives.

Report: Bitcoin miner Bit Digital expands in Iceland, stock jumps

NEW YORK , May 18, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has finalized an agreement to expand the Company's bitcoin mining presence into Iceland. This expansion will allow Bit Digital to tap into Iceland's abundant renewable energy resources and further diversify its hosting operations.

Bit Digital, Inc. Announces Expansion of Mining Operations into Iceland

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Bitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax Crackdown

NEW YORK , May 9, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has finalized agreements for an aggregate of 14 megawatts ("MW") of incremental hosting capacity to power its miners. Coinmint: Coinmint Partnership: Bit Digital has reached an agreement with Coinmint LLC ("Coinmint") to secure an additional 10 MW of hosting capacity.

Bit Digital, Inc. Announces Additional Mining Capacity with Two Hosting Partners

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NEW YORK , May 3, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of April 2023. Corporate Highlights for April 2023 In April 2023, the Company earned 86.1 bitcoins, a 28% decrease compared to the prior month.

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

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NEW YORK , April 28, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York City, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission ("SEC") on April 27, 2023. Financial Highlights for Fiscal Year 2022 Total revenue was $32.3 million for the fiscal year 2022.

Bit Digital, Inc. Announces Fiscal Year 2022 Financial Highlights

NEW YORK , April 26, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has finalized an agreement for 10 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Plattsburgh, New York, is operated by a subsidiary of Coinmint LLC ("Coinmint").

Bit Digital, Inc. Announces Expansion of Mining Capacity

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NEW YORK , April 5, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of March 2023. Corporate Highlights for March 2023 In March 2023, the Company earned 119.4 bitcoins, a 10% increase compared to the prior month.

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

Bit Digital presents a unique investment opportunity to invest in the Bitcoin mining business. Largely based on its asset-light, lean operating structure, BTBT presents a more robust business model than most of its peers.

Bit Digital: Turning Bits Into Bytes

NEW YORK , March 24, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce a strategic investment in Auros Global Limited ("Auros"). Auros is a leading crypto-native algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects.

Bit Digital, Inc. Announces Strategic Investment in Auros Global Limited

NEW YORK , March 22, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, today announced a strategic realignment of its executive leadership team. The move is expected to best position leadership roles with respect to the Company's current business prospects and growth objectives.

Bit Digital Announces Strategic Executive Leadership Realignment, Advisory Board and Strategic Priorities for 2023

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NEW YORK , March 7, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainability focused generator of digital assets headquartered in New York, announced the formation of a joint venture with Mega Matrix Corp. (NYSE: MPU) ("Mega Matrix") by entering into a shareholders' agreement (the "Agreement") with MarsProtocol Technologies Pte. Ltd., the joint venture company (the "Joint Venture Company"), to jointly develop proof-of-stake technology tools for digital assets through the staking platform "MarsProtocol", an institutional grade non-custodial staking technology (the "Joint Venture").

Bit Digital, Inc. Announces Formation of a Joint Venture With Mega Matrix Corp. to Provide Digital Asset Staking Technology

NEW YORK , March 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of February 2023. Corporate Highlights for February 2023 In February 2023, the Company earned 108.2 bitcoins, a 19% decrease compared to the prior month.

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

NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of January 2023. Corporate Highlights for January 2023 In January 2023, the Company earned 134.3 bitcoins, a 3% increase compared to the prior month.

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

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Bit Digital's no-debt approach to Bitcoin mining has allowed it the financial flexibility to pivot the business. The company is trying to quickly grow an Ethereum position to stake for network rewards through liquid staking products.

Bit Digital: Now An Ethereum Staking Play

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NEW YORK , Jan. 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of December 2022. Corporate Highlights for December 2022 In December 2022, the Company earned 130.0 bitcoins, a 10% decrease compared to the prior month.

Bit Digital, Inc. Announces Monthly Production Update for December 2022

Bit Digital, Inc. (BTBT) delivered earnings and revenue surprises of -183.33% and 42.93%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Bit Digital, Inc Stock (BTBT)