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. (NASDAQ: BTBT) is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, and its news flow reflects this focus on ETH and digital infrastructure. Regular press releases provide detailed monthly updates on the company’s Ethereum treasury, including total ETH holdings, the proportion staked, staking rewards earned, and estimates of onchain yield. These disclosures give readers insight into how Bit Digital is executing its ETH accumulation and staking strategy over time.
Beyond treasury metrics, Bit Digital’s news includes quarterly financial results, where the company breaks down revenue contributions from digital asset mining, cloud services, colocation services, and ETH staking. These updates also describe the ongoing wind-down of its bitcoin mining operations and the growing role of ETH staking and cloud-related segments in its business mix.
Another recurring theme in Bit Digital news is its relationship with WhiteFiber Inc. (Nasdaq: WYFI), an AI infrastructure and high-performance computing provider in which Bit Digital holds a majority equity stake. Releases discuss WhiteFiber’s public listing, consolidation into Bit Digital’s financial statements, and infrastructure build-out plans. Corporate developments such as board appointments, governance changes, capital raises through convertible notes, and shareholder meetings are also covered in current reports and press announcements.
Investors and observers who follow BTBT news can use this page to monitor updates on ETH treasury size, staking performance, capital markets activity, and the evolution of Bit Digital’s segments and governance. Bookmarking the news feed helps track how the company’s Ethereum and AI infrastructure strategy is reflected in its ongoing disclosures.
Bit Digital (NASDAQ: BTBT), a New York-based global platform for high-performance computing infrastructure and digital asset production, has announced its transition from foreign private issuer to domestic issuer status under U.S. securities regulations, effective January 1, 2025. This strategic change demonstrates the company's dedication to transparency, operational growth, and alignment with U.S. market expectations while simplifying its regulatory compliance framework.
Bit Digital (NASDAQ: BTBT) has executed a Master Service Agreement with DNA AI Compute Fund for 576 Nvidia H200 GPUs over a two-year term. The contract, valued at approximately $20.2 million, is expected to begin in February 2025. Bit Digital will provide 72 H200 servers to be deployed at a data center in Iceland.
The company recently ordered 130 H200 servers (1,040 GPUs) for about $30 million, with the remaining GPUs planned for separate customer contracts. This agreement advances Bit Digital's goal of reaching a $100 million annualized revenue run-rate for its HPC business in early 2025, reflecting their strategy of prioritizing quality revenue opportunities and disciplined capital management.
Bit Digital (NASDAQ: BTBT) has acquired a property in Montreal, Canada for CAD $33.5 million (USD $23.3MM) to develop a 5MW Tier-3 data center. The 160,000 square feet site, known as MTL2, is located in Pointe-Claire, QC, and was previously an encapsulation manufacturing facility. The company plans to invest approximately CAD $27.6 million (USD $19.3MM) in development costs.
The facility will be powered by 100% renewable hydroelectricity and feature advanced cooling technology, including direct-to-chip liquid cooling supporting AI workloads with 150kW rack density. Expected to be operational by May 2025, this acquisition is part of Bit Digital's strategy to expand its HPC data center footprint to 32MW during 2025 and its 288MW proprietary pipeline.
Bit Digital reported its November 2024 performance with $4.3 million in unaudited GPU Cloud revenue. The company operated 266 servers with 2,128 GPUs for AI contracts. Treasury holdings included 813.0 BTC ($78.4M) and 27,563.3 ETH ($102.1M), with total liquidity of $332.5M including cash and equivalents of $151.3M.
The company secured new GPU contracts, including a 512 H200 GPU deal worth $5.0M and a 576 H200 GPU agreement valued at $10.1M. Their HPC data center generated CAD $705.2k in colocation revenue. Digital asset production included 44.9 BTC (14% decrease from October) with a hash rate of 2.51 EH/s. Additionally, 21,568 ETH were staked, earning a 3.4% APY with rewards of 59.9 ETH.
Bit Digital (BTBT) reported Q3 2024 financial results with total revenue of $22.7M, up 96% year-over-year. Revenue included $10.1M from bitcoin mining (down 11%) and $12.2M from HPC services. The company reported total liquidity of $223.6M and shareholders' equity of $315.0M. Adjusted EBITDA was $(21.8)M, including a $21.9M unrealized loss on digital assets. Bitcoin production decreased 59% to 165.4 BTC due to halving impact. The company secured major contracts, including a potential $700M deal with Boosteroid, and acquired Enovum Data Centers for CAD $62.8M, adding 4MW capacity with 280MW expansion potential.
Bit Digital (Nasdaq: BTBT), a New York-based global platform for high-performance computing infrastructure and digital asset production, has scheduled its Third Quarter 2024 financial results announcement for Monday, November 18, 2024, before market opening. The company will host a live webcast and conference call at 10:00 a.m. ET on the same day to discuss the results. Participants can join via conference call by dialing 1-800-289-0462 (passcode: 781205).
Bit Digital (Nasdaq: BTBT) reported its October 2024 operational updates. The company earned $4.3 million in unaudited revenue from its AI contract with 256 active servers. Bitcoin production increased by 1.4% to 52.2 BTC, with an active hash rate of 2.43 EH/s. Treasury holdings included 781.2 BTC and 27,503.4 ETH, valued at $54.8 million and $69.2 million respectively. The company maintained strong liquidity of $203.9 million, including $79.8 million in cash. In proof-of-stake operations, Bit Digital staked 21,568 ETH, earning a 3.4% APY and approximately 62.2 ETH in staking rewards.
Bit Digital (Nasdaq: BTBT) has executed a Master Service Agreement with Boosteroid, the third-largest cloud gaming provider. The initial deployment includes 300 GPUs expected to generate $4.6 million in revenue over five years ($0.9 million annually). The GPU servers, customized by ASUS and AMD, will be deployed across U.S. data centers by November 2024. The agreement includes an expansion option of up to 50,000 servers in 100-server increments, representing a potential $700 million revenue opportunity over the five-year term, subject to deployment plans and market conditions.
Bit Digital, Inc. (Nasdaq: BTBT) has acquired Enovum Data Centers for CAD $62.8 million (USD $46MM), vertically integrating its HPC operations. The acquisition includes a fully operational 4MW Tier 3 datacenter in Montreal and a 288 MW development pipeline in major metropolitan areas. Key points:
1. Transaction funded by CAD $56 million cash and 1.62 million share equivalents.
2. Enhances Bit Digital's competitive positioning in the HPC market.
3. Immediate plans to bring 8MW online by end of 2Q 2025 for USD $50MM capex.
4. Expected run-rate colocation EBITDA of USD $13MM by 2Q25.
5. Retention of key Enovum employees for operational continuity and expansion.
The acquisition aims to capture additional margin from HPC customers and offer integrated GPU cloud solutions.
Bit Digital, Inc. (Nasdaq: BTBT) released its unaudited production update for September 2024. Key highlights include:
- 256 servers actively generating revenue from Bit Digital AI contract
- Approximately $4.2 million in unaudited revenue from AI contract
- 51.5 BTC produced, a 3.6% decrease from the previous month
- Active hash rate of 2.43 EH/s
- Treasury holdings: 731.3 BTC ($46.3 million) and 27,388.9 ETH ($71.3 million)
- Total liquidity of $222.0 million
In proof-of-stake operations, Bit Digital had 21,568 ETH staked, earning a 3.3% APY and 57.9 ETH in staking rewards for September. The company will participate in the AIM Summit Dubai Conference on October 21-22.
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