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.

Bit Digital, Inc. (NASDAQ:BTBT ) Q3 2024 Earnings Conference Call November 18, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Billy Krassakopoulos - CEO, Enovum Conference Call Participants Mike Grondahl - Northland Kevin Dede - H.C. Wainwright & Co. Brian Dobson - Clear Street Joshua Zoepfel - Noble Capital Operator Hello, and welcome to the Bit Digital Third Quarter 2024 Earnings Conference Call.

Bit Digital, Inc. (BTBT) Q3 2024 Earnings Call Transcript

Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.03 per share a year ago.

Bit Digital, Inc. (BTBT) Reports Q3 Loss, Lags Revenue Estimates

Bit Digital Inc (NASDAQ:BTBT) reported a significant year-over-year increase in revenue for the third quarter driven by the expansion of its high-performance computing (HPC) business. Total revenue increased 96% to $22.7 million, with HPC contributing $12.2 million.

Bit Digital Q3 revenue surge driven by HPC expansion

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Bitcoin price retreats after attempting to rebound to record highs from last week. Miner Bit Digital sees losses widen.

Bitcoin Slides After Rebound Attempt, Miner Bit Digital Falls On Q3 Miss

NEW YORK , Nov. 18, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York City, today announced its unaudited financial results for the Third Quarter ended September 30, 2024. Financial Highlights for the Third Quarter of 2024                Total revenue was $22.7 million for the Third Quarter of 2024, a 96% increase compared to the Third Quarter of 2023.

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

Bit Digital's pivot to AI and HPC infrastructure has significantly boosted revenues, offsetting Bitcoin mining declines due to the halving event. The company maintains strong financial health with $59 million in cash reserves and minimal debt, despite share dilution from equity issuance for AI expansion. Q3 earnings will be crucial to assess AI revenue growth and its impact on overall profitability, especially amidst volatile Bitcoin prices.

Bit Digital: AI Plus Rising Bitcoin Prices (Q3 Preview)

NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that it will release its Third Quarter 2024 results on Monday, November 18, 2024, before the stock market opens. Senior management will host a live webcast and conference call to review the results on Monday, November 18, 2024, at 10:00 a.m.

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

Bit Digital, Inc. (BTBT) closed the most recent trading day at $4.14, moving +0.98% from the previous trading session.

Bit Digital, Inc. (BTBT) Rises Higher Than Market: Key Facts

Recently, Zacks.com users have been paying close attention to Bit Digital (BTBT). This makes it worthwhile to examine what the stock has in store.

Bit Digital, Inc. (BTBT) is Attracting Investor Attention: Here is What You Should Know

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Catch up on the latest cryptocurrency prices and news. The post Cryptocurrency Prices And News: Bitcoin Tops $76,000, Trumps Record High After Election appeared first on Investor's Business Daily.

Cryptocurrency Prices And News: Bitcoin Tops $76,000, Trumps Record High After Election

Bit Digital Inc (NASDAQ:BTBT) reported growth in both digital asset production and revenue from AI services during the month of October. The company generated approximately $4.3 million in revenue from its initial AI contract, supported by 256 active servers dedicated to HPC services as of October 31, 2024.

Bit Digital increases Bitcoin output in October

NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of October 2024. Corporate Highlights for October 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of October 31, 2024.

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

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The price of bitcoin hit a record of just shy of $75,000 Tuesday night. Industry pros look for $100k in 2025.

Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k

Bit Digital (BTBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Bit Digital, Inc. (BTBT) Report Negative Q3 Earnings? What You Should Know

Bit Digital Inc (NASDAQ:BTBT) told investors it has struck a deal with Boosteroid Inc for an initial order of 300 GPUs that are expected to generate around $4.6 million in revenue over the five-year term, with the option to expand the number of GPUs to up to 50,000. The high-performance computing specialist said it expects to complete deliveries to the cloud gaming provider and begin earning revenue from the contract by the end of this month.

Bit Digital finalises GPU supply contract with cloud gaming company Boosteroid

NEW YORK , Nov. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that it has executed a Master Service Agreement ("MSA") with Boosteroid Inc. ("Boosteroid"), a global cloud gaming provider and new customer of Bit Digital's high-performance computing ("HPC") services. Bit Digital previously announced that it had signed a binding term sheet with Boosteroid on August 19, 2024.

Bit Digital, Inc. Executes MSA with Boosteroid, Third-Largest Cloud Gaming Provider, For Initial Deployment

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

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