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 , Nov. 6, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York City, announced its unaudited digital asset production and corporate updates for the month of October 2023. Corporate Highlights for October 2023 In October 2023, the Company produced 111.6 BTC, a 14% decrease compared to the prior month.

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

NEW YORK , Oct. 25, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce that it has finalized an agreement with Soluna Computing, Inc ("Soluna") for 4.4 megawatts of incremental hosting capacity at Project Sophie in Kentucky to power its miners for an initial contract term of twelve months. The company will fill the capacity with existing miners from its fleet and expects the miners to be actively hashing by early-November, 2023.

Bit Digital, Inc. Announces New Hosting Location

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NEW YORK , Oct. 23, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce the launch of Bit Digital AI, a new business line that will provide specialized infrastructure to support generative artificial intelligence ("AI") workstreams.  The Company has commenced Bit Digital AI operations by signing a binding term sheet with a customer to support their GPU-accelerated workloads.

Bit Digital, Inc. Launches New AI Business: Secures Customer Contract Worth up to $257 Million, Procures NVIDIA H100 GPUs

NEW YORK , Oct. 4, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited digital asset production and corporate updates for the month of September 2023. Corporate Highlights for September 2023 In September 2023, the Company produced 130.2 BTC, a 7% decrease compared to the prior month.

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

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NEW YORK , Sept. 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 digital asset production and corporate updates for the month of August 2023.

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

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NEW YORK , Aug. 15, 2023 /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 second quarter ended June 30, 2023. Financial Highlights for the Second Quarter 2023 Total revenue was $9.0 million for the second quarter of 2023.

Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2023 Financial Results

NEW YORK , Aug. 4, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited digital asset production and corporate updates for the month of July 2023. Corporate Highlights for July 2023 In July 2023, the Company produced 133.0 BTC, a 12% increase compared to the prior month.

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

NEW YORK , July 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 digital asset production and corporate updates for the month of June 2023. Corporate Highlights for June 2023 In June 2023, the Company produced 119.1 BTC, a 5% increase compared to the prior month.

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

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NEW YORK , June 22, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainability focused generator of digital assets headquartered in New York, is pleased to announce that it has revised an existing agreement to expand the Company's mining capacity in Iceland to approximately 10.7 megawatts ("MW"). The amended agreement provides Bit Digital with approximately 10.7 MW of hosting capacity with GreenBlocks ehf ("GreenBlocks") at the facility in Reykjanesbaer, Iceland.

Bit Digital, Inc. Announces Expansion of Mining Capacity in Iceland

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NEW YORK , June 12, 2023  /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 first quarter ended March 31, 2023. Financial Highlights for the First Quarter 2023 Total revenue was $8.3 million for the first quarter of 2023.

Bit Digital, Inc. Announces First Quarter of Fiscal Year 2023 Financial Results

NEW YORK , June 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 digital asset production and corporate updates for the month of May 2023. Corporate Highlights for May 2023 In May 2023, the Company produced 113.2 BTC, a 31% increase compared to the prior month.

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

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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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News for Bit Digital, Inc Stock (BTBT)