Bit Digital Inc Stock Price, News & Analysis

Bit Digital, one of the largest publicly listed Bitcoin mining companies, announces its participation in the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. The event will be virtual, and the company's executives will engage in one-on-one meetings with institutional investors and analysts. Bit Digital has significant operations in the United States, Canada, and China, boasting one of the highest operating hash rates among US-listed Bitcoin miners. Investors can learn more about the company via their official website.

On April 21, 2021, Bit Digital (Nasdaq: BTBT) announced a new 40MW hosting agreement with Compute North to expand its bitcoin mining operations in North America. This agreement will see the deployment of 13,000 ASIC miners, reinforcing Bit Digital's commitment to sustainability and energy efficiency. The partnership enables flexible integration of renewable energy sources, positioning Bit Digital as a leader in the transition to sustainable bitcoin mining, while enhancing grid stability. The hardware deployment is expected to be completed by summer 2021.

Bit Digital, Inc. (Nasdaq: BTBT) announced the appointment of Bryan Bullett as CEO and Sam Tabar as Chief Strategy Officer, reinforcing its executive team for growth. Bullett brings over 20 years of experience in financial technology and blockchain, while Tabar has a track record in strategic initiatives and FinTech. The company aims to leverage its high operating hash rate in Bitcoin mining and focus on sustainable mining practices to drive growth. CFO Eric Huang expressed optimism about the company's future.

Bit Digital, Inc. (Nasdaq: BTBT) announced the completion of a significant acquisition of 4,871 bitcoin miners in Q1 2021, boosting its hash rate from 2,250 Ph/s to 2,574 Ph/s. The new miners, comprising Bitmain S17+, S17, and S19Pro models, enhance the company's capacity for bitcoin production. This purchase positions Bit Digital among the leading bitcoin miners in terms of computing power. The miners are expected to lower utility costs and increase daily bitcoin output. Full deployment is anticipated by the end of April 2021.

Bit Digital, Inc. (Nasdaq: BTBT) filed its annual report on Form 20-F for the fiscal year 2020 with the SEC on March 30, 2021. The report highlights significant growth in bitcoin mining revenue, totaling $21.07 million, with a net income of $1.92 million compared to a net loss of $2.00 million in 2019. Total assets surged to $39.89 million, marking a 783.28% increase. The company operated 40,865 miners by year-end, achieving a hash rate of 2,253.5 PH/s. As of March 26, 2021, Bit Digital had deployed 5,281 miners in the U.S.

Link Global Technologies Inc. has announced the arrival of 1,515 Bitcoin mining rigs in partnership with Bit Digital Inc., boosting their operational capacity to over 350 PH/s. The machines are scheduled to be operational by April 5, 2021. The company focuses on providing infrastructure and expertise for digital mining, aiming to capitalize on the current high Bitcoin prices. The announcement highlights Link's commitment to expanding its hash rate and maintaining a competitive edge in the digital mining industry.

Link Global Technologies has expanded its profit-sharing Bitcoin mining partnership with Bit Digital by adding 1,515 mining machines, increasing its capacity from 250 to over 350 PH/s. This agreement, effective from March 8, 2021, includes a revenue-sharing model from mined Bitcoins. CEO Stephen Jenkins emphasized the efficiency and profitability of this partnership, indicating a potential for rapid deployment of additional miners. The company aims to leverage its expertise in low-cost power and infrastructure for digital mining and data hosting operations.

Link Global Technologies Inc. (OTC PINK:LGLOF) announces an expansion of its profit-sharing Bitcoin mining partnership with Bit Digital Inc. (NASDAQ:BTBT). The agreement will see an additional 515 mining machines hosted, bringing the total to 1,515 machines under Link's management. This will increase Link's hash rate by over 100 PH/s on top of the existing 250 PH/s. CEO Stephen Jenkins expressed confidence in the partnership's efficiency and profitability, positioning Link for continued growth.

Bit Digital, Inc. (Nasdaq: BTBT) announced its unaudited bitcoin production for January 2021, reporting earnings of 424.7 bitcoins valued at approximately $14.8 million. The company increased its bitcoin treasury to 488.5 bitcoins from 262.6 bitcoins in December 2020, attributed to the launch of additional mining units. Bit Digital operates 40,865 mining machines globally, contributing to around 1.4% of the total bitcoin mining capacity worldwide. This release marks the first in a series of regular updates aimed at enhancing transparency.