Welcome to our dedicated page for Bit Digital news (Ticker: BTBT), a resource for investors and traders seeking the latest updates and insights on Bit Digital stock.
Bit Digital, Inc. reports company developments around its role as a Strategic Asset Company focused on Ethereum infrastructure and AI/HPC infrastructure exposure. Recurring updates cover ETH treasury balances, staking activity, protocol-native rewards, and the company’s participation in the Ethereum network.
News also includes financial results, conference-call announcements, shareholder communications, governance and investor-relations changes, and updates tied to Bit Digital’s majority ownership stake in WhiteFiber, a separately managed public company focused on AI and high-performance computing infrastructure.
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Bit Digital, Inc. (NASDAQ: BTBT) announced on April 26, 2023, a significant expansion in its mining operations with a new agreement for 10 megawatts of hosting capacity at Coinmint's facility in Plattsburgh, New York. This agreement raises the total contracted capacity with Coinmint to approximately 30 MW. The company plans to deliver about 3,100 miners, including 2,000 new generation miners, to utilize this capacity. The first delivery is expected by the end of April 2023, followed by a second tranche by July 2023. CEO Sam Tabar emphasized the importance of diversifying their hosting strategy and aiming to double their hash rate by the end of the year, while also advancing towards carbon-free mining operations.