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.
Bit Digital (NASDAQ: BTBT), a New York-based global platform for high-performance computing infrastructure and digital asset production, has scheduled its First Quarter 2025 earnings release for Thursday, May 15, 2025, after market close. The company will host a live webcast and conference call to discuss the results on Friday, May 16, 2025, at 10:00 a.m. ET.
Interested participants can join the conference call by dialing 1-877-612-6725 (passcode: 151360) or register through the provided link. The earnings press release will be available on the company's website at www.bit-digital.com.
Bit Digital (NASDAQ: BTBT) has secured a new data center site in Saint-Jérôme, Québec (MTL-3) to support its 5MW colocation agreement with Cerebras Systems. The facility spans 202,000 square feet on 7.7 acres and will be developed under a lease-to-own structure with a 20-year term and two 5-year extension options.
The development, managed through Bit Digital's WhiteFiber platform, involves retrofitting to Tier 3 standards with expected costs of CAD $55 million (approximately $40MM USD). The facility has a targeted go-live date of July 2025.
Under the previously announced February 2025 agreement, Cerebras has contracted for 5MW (IT load) of built-to-suit infrastructure for five years, with a right of first refusal for additional megawatt capacity at the site.
Bit Digital (NASDAQ: BTBT) has announced a strategic partnership between its subsidiary WhiteFiber and Shadeform, set to launch in April 2025. The collaboration will provide on-demand access to NVIDIA B200 GPUs through WhiteFiber's AI/ML optimized GPU cloud infrastructure and Shadeform's multi-cloud marketplace.
The partnership will serve organizations and developers across 100+ regions, eliminating barriers like high up-front costs and long-term commitments. WhiteFiber's platform architecture is designed to maximize GPU utilization and efficiency, while Shadeform's marketplace will facilitate immediate access to these high-performance computing resources.
Bit Digital (NASDAQ: BTBT) reported strong financial results for fiscal year 2024, with total revenue reaching $108.1 million, up 141% year-over-year. The growth was primarily driven by their new high-performance computing (HPC) services business.
Key financial highlights include:
- Bitcoin mining revenue: $58.6M (32% increase)
- Cloud services revenue: $45.7M
- Colocation services revenue: $1.4M
- ETH staking revenue: $1.8M (169% increase)
The company maintained strong liquidity with $260.7 million in total assets and achieved Adjusted EBITDA of $73.0 million. Notable operational developments include the acquisition of Enovum Data Centers for CAD $62.8M and significant cloud services agreements with Boosteroid and DNA Fund. The company's bitcoin mining operations produced 949.9 bitcoins, though this represented a 37% decrease due to the halving event and increased network difficulty.
Cerebras Systems has announced the launch of six new AI inference datacenters powered by Cerebras Wafer-Scale Engines across North America and Europe. The facilities will be equipped with thousands of CS-3 systems, capable of serving over 40 million Llama 70B tokens per second, making Cerebras the world's leading provider of high-speed inference.
The expansion includes datacenters in Santa Clara, Stockton, Dallas, Minneapolis, Oklahoma City, and Montreal, with 85% of total capacity located in the United States. The Oklahoma City facility, operated by Scale Datacenter, will house over 300 CS-3 systems and come online in June 2025. The Montreal facility, operated by Enovum (a division of Bit Digital Inc. (NASDAQ: BTBT)), will be operational in July 2025.
Notable clients already using Cerebras' inference capabilities include Mistral, Perplexity, HuggingFace, and AlphaSense. The company claims to offer inference speeds 10x faster than the latest GPUs, particularly beneficial for reasoning models like DeepSeek R1 and OpenAI o3.
Bit Digital (NASDAQ: BTBT), a New York-based global platform for high-performance computing infrastructure and digital asset production, has scheduled its Fiscal Year 2024 financial results announcement for March 14, 2025, before market opening.
The company will host a live webcast and conference call with senior management at 10:00 a.m. ET on the same day. Participants can join via the conference call by dialing 1-800-289-0459 (passcode: 299376). The earnings press release will be available on the company's website at www.bit-digital.com.
Soluna Holdings (NASDAQ: SLNH) has expanded its partnership with Bit Digital (NASDAQ: BTBT) through a new 12-month 5.5 MW hosting contract at Project Dorothy in Texas. This expansion marks a significant growth in their collaboration, which began with a 4.4 MW deployment at Project Sophie in November 2023, increased to 6.6 MW by October 2024, and now exceeds 12 MW in total hosting capacity.
The latest expansion introduces next-generation S21 mining units and includes upgrades to the site's electrical infrastructure. This partnership enhancement aims to improve Bit Digital's efficiency, scale, and mining performance while maintaining Soluna's commitment to providing sustainable energy solutions for intensive computing applications including Bitcoin mining and AI.
Bit Digital (NASDAQ: BTBT) has announced a new five-year colocation agreement with a leading AI hardware innovator. The contract, to be executed through Bit Digital's rebranded HPC business WhiteFiber and its data center platform Enovum, involves providing 5 MW (IT load) of built-to-suit data center infrastructure.
The agreement will be fulfilled at a data center within Enovum's proprietary development pipeline, with the specific location to be announced later. The contract is expected to commence in mid-2025, marking a significant step in Bit Digital's expansion into AI infrastructure services.