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.

NEW YORK , Dec. 7, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York City, today announced its unaudited financial results for the third quarter ended September 30, 2022. Financial Highlights for the Third Quarter 2022 Bitcoin mining revenue was $9.1 million for the third quarter of 2022.

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2022 Financial Results

NEW YORK , Dec. 5, 2022 /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 November 2022. Corporate Highlights for November 2022 In November 2022, the Company earned 144.1 bitcoins, a 5% decrease compared to the prior month.

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

NEW YORK , Nov. 3, 2022 /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 October 2022. Corporate Highlights for October 2022 In October 2022, the Company earned 152.5 bitcoins, an 8% increase compared to the prior month.

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

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NEW YORK , Oct. 13, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin and Ethereum production and corporate updates for the month of September 2022. Corporate Highlights for September 2022 In September 2022, the Company earned 141.3 bitcoins, a 3% decrease compared to the prior month.

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

Bit Digital is an asset-light Bitcoin miner. The company depends on Compute North and Blockfusion for a large portion of its mining operations. Each of those companies is facing significant challenges.

Bit Digital: Another Casualty Of Hosted Mining?

NEW YORK , Oct. 7, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced updates related to its hosting partner's operations. Bit Digital received a notice (the "Notice") dated October 4, 2022, from the City of Niagara Falls, New York.

Bit Digital, Inc. Announces Update Related to Hosting Partner's Operations

NEW YORK , Sept. 7, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin and Ethereum production and corporate updates for the month of August 2022.

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

Bit Digital and the steps it's taking to mitigate risk in the current Bitcoin market. The company is positioned well to acquire more miners at bargain prices if the opportunity presents itself.

Bit Digital, Inc. And The Road Ahead

Bit Digital, Inc. (BTBT) delivered earnings and revenue surprises of -2,400% and 52.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Bit Digital, Inc. (BTBT) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK , Aug. 30, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York, today announced its unaudited financial results for the second quarter ended June 30, 2022. Financial Highlights for the Second Quarter 2022 Bitcoin mining revenue was $6.5 million for the second quarter of 2022.

Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2022 Financial Results

NEW YORK , Aug. 18, 2022 /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 selected Nine Blocks Capital Management SEZC Limited ("Nine Blocks"), an institutionally focused digital assets manager managing a digital assets market neutral fund for an allocation, as part of its enhanced treasury management function. The selection includes a direct investment into the Nine Blocks Master Fund, a digital assets market neutral fund using basis trading, relative value, and special situations strategies.

Bit Digital Selects Nine Blocks Capital Management for Treasury Management Allocation

NEW YORK, Aug. 8, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin and Ethereum production and corporate updates for the month of July 2022. Corporate Highlights for July 2022 In July 2022, the Company earned 142.5 bitcoins, an 111% increase compared to the prior month.

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

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NEW YORK , Aug. 3, 2022 /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 5 megawatts of incremental hosting capacity to power its miners. The facility is located in Canada and utilizes an energy source that is primarily hydro power operated.

Bit Digital, Inc. Announces Incremental Hosting Capacity In Canada

NEW YORK , July 12, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin and Ethereum production and corporate updates for the month of June 2022. Corporate Highlights for June 2022 In June 2022, the Company earned 67.6 bitcoins and 0.0 ETHs.

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

NEW YORK , June 22, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a digital asset mining company headquartered in New York, today announced its unaudited financial results for the first quarter ended March 31, 2022. Financial Highlights for the First Quarter 2022 Bitcoin mining revenue was $8.0 million for the first quarter of 2022.

Bit Digital, Inc. Announces First Quarter of Fiscal Year 2022 Financial Results

Bit Digital is facing production and crypto pricing headwinds after a strong 2021. The crypto selloff is compressing multiples for crypto mining stocks which is unwelcome.

Bit Digital: Is It Better To Buy Bitcoin Instead?

NEW YORK , June 8, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of May 2022. Corporate Highlights for May 2022 In May 2022, the Company earned 53.4 bitcoins and 27.0 ETHs.

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

NEW YORK , May 19, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced updates related to its hosting partners' operations. Bit Digital management has recently been informed of two incidents affecting our hosting partners' operations.

Bit Digital, Inc. Announces Interruptions To Certain Hosting Partners' Operations

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Crypto Penny Stocks Take A Tumble As Bitcoin Breaches $29,000 Today

NEW YORK , May 10, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of April 2022. Corporate Highlights for April 2022 In April 2022, the Company earned 76.23 bitcoins and 77.32 ETH.

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

Bit Digital managed to generate a profit in 2021 through its bitcoin mining operation. The company has terminated all activities in China and is in the process of redeploying its fleet of mining equipment in North America.

Bit Digital Stock: Is Now A Good Time To Buy, Sell, Or Hold?

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NEW YORK , April 15, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission ("SEC") on April 15, 2021. Fiscal Year 2021 Financial Highlights Bitcoin mining revenue increased to $96.1 million from $21.1 million in fiscal year 2020, an increase of 355% year over year.

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