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Bit Digital, Inc. Ordinary Shares - $BTBT STOCK NEWS

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Bit Digital, Inc. announced the release date for its First Quarter 2024 financial results and conference call. The results will be disclosed on May 15, 2024, with a live webcast and conference call hosted by senior management on May 16, 2024. Participants can register for the earnings call and join via dial-in. The press release will be available on the company's website.

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Bit Digital, Inc. announced its unaudited digital asset production and corporate updates for April 2024. The company produced 119.3 BTC, a 12.5% decrease from the prior month, mainly due to reduction in block rewards post-halving. The active hash rate was 2.76 EH/s, with BTC and ETH holdings valued at $60.2 million and $61.0 million, respectively. Cash equivalents stood at $43.7 million. Bit Digital AI had 251 revenue-generating servers, earning $4.1 million in revenue. The company staked 17,184 ETH with a 1.0% APY and earned 13.9 ETH in rewards.

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-5.24%
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Bit Digital, Inc. (BTBT) reported positive financial results for March 2024, with increased BTC production, high hash rate, significant treasury holdings in BTC and ETH, and strong cash reserves. The company also highlighted its Proof-of-Stake achievements and revenue generation from the Bit Digital AI contract.
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Bit Digital, Inc. (BTBT) announces a proposal from an existing customer to expand Bit Digital AI's scope by adding 2,048 GPUs, totaling 4,096 GPUs. The company aims to achieve a $100 million run-rate for annualized revenue through this agreement.
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9.65%
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Bit Digital, Inc. (BTBT) filed its annual report showing a 39% revenue increase to $44.9 million in fiscal year 2023. The Company had $18.2 million in cash and $81.2 million in total liquidity. Adjusted EBITDA was $12.4 million with adjusted earnings per share of $0.12. Operational highlights include earning 1,507.3 bitcoins, expanding hosting capacity, and launching Bit Digital AI. Strategic priorities for 2024 focus on expanding the mining fleet, growing Bit Digital AI revenue, and maintaining a strong balance sheet.
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-1.38%
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Bit Digital, Inc. (BTBT) will release its fiscal year 2023 results on March 18, 2024, with a live webcast and conference call the following day. The press release will be available on the company's website.
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-6.67%
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Bit Digital, Inc. (BTBT) reported a decrease in BTC production in February 2024 but maintained a strong financial position with significant digital asset holdings and cash equivalents. The company also highlighted its Proof-of-Stake initiatives and AI revenue generation.
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-1.05%
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Bit Digital, Inc. (BTBT) announces strategic priorities for 2024, focusing on expanding bitcoin mining fleet, growing AI business, maintaining a strong balance sheet, increasing treasury holdings of staked ETH, and continuing sustainability efforts.
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7.89%
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Bit Digital, Inc. (Nasdaq: BTBT) announced its unaudited digital asset production and corporate updates for January 2024. The company produced 145.7 BTC, with a 14% decrease from the prior month. The active hash rate was approximately 2.50 EH/s, and treasury holdings of BTC and ETH were $31.4 million and $41.3 million, respectively, on January 31, 2024. The Company had cash and cash equivalents of $22.6 million. Bit Digital had approximately 12,784 ETH actively staked, earning a blended APY of approximately 3.69% in January 2024. The Company earned an estimated $1.0 million of unaudited revenue from its Bit Digital AI contract during January 2024.
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2.5%
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Bit Digital, Inc. (BTBT) has finalized an agreement for 6 megawatts of incremental hosting capacity in Massena, New York, with a subsidiary of Coinmint LLC. The agreement brings the company's total contracted hosting capacity to approximately 46 MW. Bit Digital will fill the capacity with approximately 2,340 S19k Pro mining units that were recently purchased for approximately $3.4 million. The CEO, Sam Tabar, aims to double the active mining fleet to approximately 6.0EH/s during 2024.
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Bit Digital, Inc. Ordinary Shares

Nasdaq:BTBT

BTBT Rankings

BTBT Stock Data

256.33M
107.02M
0.94%
42.75%
15.35%
Credit Card Issuing
Finance and Insurance
Link
United States of America
New York

About BTBT

bit combina estrategias de marketing digital con medios tradicionales, logrando que la inversión sea efectiva y duradera. innova en el desarrollo de productos como páginas web, aplicaciones móviles, gestión de redes sociales, asimismo como la construcción de una marca desde sus logos, papelería, brochures, diseño editorial, diseño de empaques, entre muchos otros servicios. bit cuenta con un grupo compuesto por profesionales en múltiples disciplinas de la comunicación, atento a nuevas experiencias que desarrollan su pensamiento estratégico y creativo.