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Bit Digital Inc - BTBT STOCK NEWS

Welcome to our dedicated news page for Bit Digital (Ticker: BTBT), a resource for investors and traders seeking the latest updates and insights on Bit Digital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bit Digital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bit Digital's position in the market.

News
Bit Digital, Inc. Announces Monthly Production Update for March 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
none
-
News
Bit Digital, Inc. Announces Customer Proposal to Expand Existing Agreement by an Additional 2,048 GPUs
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.65%
Tags
none
-
News
Bit Digital, Inc. Announces Fiscal Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
earnings
News
Bit Digital, Inc. Announces Date for Fiscal Year 2023 Financial Results and Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
Tags
earnings
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News
Bit Digital, Inc. Announces Monthly Production Update for February 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
none
-
News
Bit Digital, Inc. Announces 2024 Strategic Priorities
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.89%
Tags
none
News
Bit Digital, Inc. Announces Monthly Production Update for January 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
none
-
News
Bit Digital, Inc. Announces Expansion of Mining Fleet
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
none
-
News
Bit Digital, Inc. Announces Commencement of Revenue Generation for Inaugural AI Contract
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) has announced the commencement of revenue generation from its customer contract for its Bit Digital AI business. The contract, worth more than $50 million of annualized revenue, involves 192 servers generating revenue as of January 23, 2024, with an additional 64 servers expected to start earning revenue by the end of January 2024. Bit Digital's CEO, Sam Tabar, anticipates that this contract will strengthen the company's financial profile and enable them to double their operating fleet to approximately 6.0 EH/s during 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.83%
Tags
AI
News
Bit Digital, Inc. Announces Upsized Customer Contract for Bit Digital AI
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) has expanded its contract with its first customer of its Bit Digital AI business line, supplying an additional 512 GPUs for a total of 2,048 GPUs, resulting in a contract value of over $50 million of annualized revenue. The company has also executed a sale-leaseback agreement to help finance the growth of Bit Digital AI. CEO Sam Tabar is optimistic about the growth potential of the AI business and its complementary nature to the upcoming bitcoin 'halving'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
AI
Stock BTBT logo
Bit Digital Inc

Nasdaq:BTBT

BTBT Rankings

#3621 Ranked by Market Cap
#156 Ranked by Stock Gains
N/A Ranked by Dividends

BTBT Stock Data

214.98M
107.02M
0.94%
42.75%
15.35%
Credit Card Issuing
Finance and Insurance
Link
United States
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.