What's Going On With With Bitcoin-Related Stock Bit Digital (BTBT)?
Portfolio Pulse from Henry Khederian
Bit Digital Inc (NASDAQ:BTBT) shares are trading lower by 1.75% to $2.80 as traders anticipate the company's second-quarter earnings report, expected to show an EPS loss of 3 cents on revenue of $26.089 million. The company also announced its 2024 Annual General Meeting of Shareholders for September 25, where key items include the election of directors and approval of amended articles of association.
August 16, 2024 | 5:23 pm
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Bit Digital Inc (NASDAQ:BTBT) shares are trading lower by 1.75% to $2.80 as traders anticipate the company's second-quarter earnings report, expected to show an EPS loss of 3 cents on revenue of $26.089 million. The company also announced its 2024 Annual General Meeting of Shareholders for September 25, where key items include the election of directors and approval of amended articles of association.
The decline in BTBT's share price is likely due to investor anticipation of a negative earnings report, with an expected EPS loss of 3 cents. The upcoming Annual General Meeting may also contribute to market uncertainty.
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