Streetbeat News

BTBT

Bit Digital, Inc.

Industry

Financial - Capital Markets

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

Open

4.21

Mkt cap

629M

Volume

12M

High

4.27

P/E Ratio

-136.67

52-wk high

5.74

Low

4.08

Div yield

N/A

52-wk low

1.76

Bit Digital Inc (NASDAQ:BTBT) is expected to see revenue growth due to new HPC agreements and digital asset momentum. Noble Capital analysts have reiterated their 'Outperform' rating following strong November production numbers, including $4.3 million in GPU Cloud revenue and $503,500 in colocation revenue.

Portfolio Pulse from

December 09, 2024 | 6:15 pm

Bit Digital Inc (NASDAQ:BTBT) reported increased hash rate and significant digital asset holdings in November 2024, with $4.3 million in GPU cloud revenue.

Portfolio Pulse from

December 05, 2024 | 10:15 pm

Bit Digital, Inc. (Nasdaq: BTBT) reported its November 2024 production update, highlighting revenue generation from 266 servers and 2,128 GPUs through its Bit Digital AI contracts.

Portfolio Pulse from

December 05, 2024 | 9:45 pm

Bit Digital, Inc. (BTBT) has been gaining attention from Zacks.com users, indicating a potential interest in the stock's future prospects.

Portfolio Pulse from

November 28, 2024 | 3:15 pm

Bit Digital Inc (NASDAQ:BTBT) reported a 96% increase in revenue for Q3 2024, driven by its high-performance computing business.

Portfolio Pulse from

November 22, 2024 | 9:15 pm

Bit Digital (BTBT) is considered a good investment by brokers, as indicated by analyst recommendations. These recommendations can influence stock prices, but their importance is debated.

Portfolio Pulse from

November 21, 2024 | 3:45 pm

Bit Digital, Inc. (NASDAQ:BTBT) held its Q3 2024 earnings conference call on November 18, 2024. Key participants included the company's CEO, CFO, and Head of IR, along with analysts from Northland, H.C. Wainwright & Co., Clear Street, and Noble Capital.

Portfolio Pulse from

November 18, 2024 | 10:45 pm

Bit Digital, Inc. (BTBT) reported a Q3 loss of $0.10 per share, missing the Zacks Consensus Estimate of a $0.03 loss. This is a larger loss compared to the $0.03 per share loss from the previous year.

Portfolio Pulse from

November 18, 2024 | 4:15 pm

Bit Digital Inc (NASDAQ:BTBT) reported a 96% year-over-year increase in Q3 revenue, reaching $22.7 million, driven by its high-performance computing (HPC) business expansion, which contributed $12.2 million.

Portfolio Pulse from

November 18, 2024 | 3:00 pm

Bit Digital, Inc. reported a significant 96% increase in revenue for the third quarter of fiscal year 2024, reaching $22.7 million compared to the same period in 2023.

Portfolio Pulse from

November 18, 2024 | 1:15 pm

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