Bitcoin Mining Stock Bit Digital Jumps On Q1 Earnings: What You Need To Know
Portfolio Pulse from Adam Eckert
Bit Digital Inc (NASDAQ:BTBT) reported strong Q1 earnings, with revenue up 266% year-over-year to $30 million, beating estimates. The company also reported earnings of 43 cents per share, significantly above the 1 cent estimate. The stock rose 5.06% in after-hours trading.
May 15, 2024 | 9:18 pm
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Bit Digital Inc reported strong Q1 earnings, with revenue up 266% year-over-year to $30 million, beating estimates. The company also reported earnings of 43 cents per share, significantly above the 1 cent estimate. The stock rose 5.06% in after-hours trading.
The significant increase in revenue and earnings per share, both of which beat analyst estimates, is a strong positive indicator for Bit Digital's stock. The after-hours price increase of 5.06% reflects investor confidence in the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100