Welcome to our dedicated page for Bit Digital Ordinary Shares news (Ticker: $BTBT), a resource for investors and traders seeking the latest updates and insights on Bit Digital Ordinary Shares stock.
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 Ordinary Shares'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 Ordinary Shares's position in the market.
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) announced its unaudited digital asset production and corporate updates for December 2023, including a 19% increase in BTC production, active hash rate of 2.52 EH/s, treasury holdings of 642.6 BTC and 17,399.3 ETH, cash and cash equivalents of $16.9 million, and proof-of-stake highlights. The company also provided an AI update, receiving 192 AI servers with 1,536 Nvidia HGX H100 GPUs from Super Micro Computer, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
Tags
-
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) aims to double its operating fleet in Bitcoin mining operations to approximately 6.0 EH/s in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.57%
Tags
-
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) has received an initial batch of servers equipped with Nvidia HGX H100 GPUs from Super Micro Computer, Inc. The company has received 89 servers, with 103 more expected by January 2024. Bit Digital has also received a three-month prepayment from its customer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) has reported no adverse impact on its operations in Iceland following the recent volcano eruption on the Reykjanes peninsula. The company continues to monitor potential outcomes related to ongoing seismic activity in the country but expects no material impact on its bitcoin mining operations or AI infrastructure business in Iceland.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
-
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) announced its unaudited digital asset production and corporate updates for November 2023. The company produced 142.7 BTC, with an active hash rate of approximately 2.25 EH/s. Treasury holdings of BTC and ETH were 551.8 and 16,064.8, with a fair market value of approximately $20.8 million and $33.0 million, respectively, as of November 30, 2023. The BTC equivalent of digital asset holdings was approximately 1,465.1 or approximately $55.3 million. The company also had cash and cash equivalents of $14.9 million. Bit Digital had approximately 12,784 ETH actively staked in native and liquid staking protocols, earning a blended APY of approximately 4.35% and aggregate staking rewards of approximately 44.93 ETH during November 2023. Additionally, Bit Digital received a prepayment for the first month from its first customer for its Bit Digital AI business, expecting to earn between $35 million and $37 million of revenue from this contract during 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) has finalized a service agreement with its first customer for its new business line, Bit Digital AI. The agreement entails supplying computational power from 1,504 GPUs for a period of three years, representing over $35 million in annualized revenue. The Company has placed a purchase order for servers from Super Micro Computer, Inc., equipped with Nvidia HGX H100 GPUs, to fulfill the contract. Bit Digital will deploy the GPUs in a seismically stable data center in northern Iceland, securing 2.5 MW of capacity for 3 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.18%
Tags
Rhea-AI Summary
Bit Digital, Inc. (Nasdaq: BTBT) announced its unaudited financial results for the Third Quarter ended September 30, 2023. The company reported total revenue of $11.6 million, mainly from bitcoin mining. It also highlighted its financial position, operational achievements, and future business expansion into AI infrastructure. Bit Digital has seen a 27% increase in bitcoin production and significant growth in its ETH staking business. The company is also venturing into AI infrastructure to diversify its revenue streams.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.6%
Tags
-
Rhea-AI Summary
Bit Digital, Inc. announced its unaudited digital asset production and corporate updates for October 2023. The company produced 111.6 BTC, a 14% decrease compared to the prior month. The active hash rate was approximately 2.0 EH/s. Treasury holdings of BTC and ETH were valued at $17.7 million and $29.1 million, respectively. The company had cash and cash equivalents of $24.4 million. Bit Digital had approximately 12,752 ETH staked with a blended APY of 4.25% and earned 46.08 ETH in staking rewards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
Tags
-
Rhea-AI Summary
Bit Digital announces agreement with Soluna Computing for additional hosting capacity at Project Sophie in Kentucky. The company expects miners to be actively hashing by early-November, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.44%
Tags
Rhea-AI Summary
Bit Digital announces the launch of Bit Digital AI, a new business line providing specialized infrastructure for AI workstreams. They have signed a term sheet with a customer and will purchase GPUs from xFusion for $35 million. Revenue from the contract is expected to generate between $23 million and $27 million annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.8%
Tags
Bit Digital, Inc. Ordinary Shares
Nasdaq:BTBT
BTBT Rankings
BTBT Stock Data
253.96M
107.02M
0.94%
42.75%
15.35%
Credit Card Issuing
Finance and Insurance
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.