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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.

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HC Wainwright & Co. analyst Kevin Dede has reiterated a Buy rating for Bit Digital (NASDAQ:BTBT) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:04 pm

U.S. stocks mostly fell, with the S&P 500 down 0.1%. Palo Alto Networks shares rose 9% after strong Q4 earnings and increased buyback authorization. InMed Pharmaceuticals surged 194% on Alzheimer's program news. Bit Digital and Titan Pharmaceuticals also saw significant gains. Mynaric, ATRenew, and Vipshop Holdings experienced declines.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 6:51 pm

Bit Digital (NASDAQ:BTBT) shares rose after the company reported better-than-expected Q2 revenue of $29 million, driven by high-performance computing services and higher Bitcoin prices. A new agreement with Boosteroid, Inc. could generate significant future revenue.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 6:09 pm

U.S. stocks traded lower with the Nasdaq Composite falling around 50 points. Medtronic reported better-than-expected earnings, boosting its stock. InMed Pharmaceuticals, Bit Digital, and Titan Pharmaceuticals saw significant stock price increases, while Mynaric, ATRenew, and Vipshop Holdings experienced declines.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 4:02 pm

Fabrinet and several other companies saw significant stock price increases on Tuesday due to strong earnings reports and positive news. Fabrinet's shares rose 18.2% after reporting better-than-expected earnings and issuing strong guidance. Other notable gainers included Bit Digital, NANO Nuclear Energy, Tempus AI, Amer Sports, Hawaiian Holdings, and Palo Alto Networks.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 2:07 pm

Bit Digital shares rose following the announcement of better-than-expected Q2 sales results and a binding term sheet with Boosteroid.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 11:30 am

Bit Digital shares rose 11% in pre-market trading due to better-than-expected Q2 sales and a new agreement with Boosteroid. The company reported a revenue of $29 million, surpassing estimates, despite missing EPS expectations. Other stocks like Treasure Global and Heramba Electric also saw significant pre-market gains.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 10:16 am

Bit Digital, Inc. (NASDAQ:BTBT) reported mixed Q2 results with a larger-than-expected EPS loss but a significant revenue increase driven by its high-performance computing services. The company also announced a new partnership with Boosteroid Inc., which could generate substantial future revenue.

Portfolio Pulse from Erica Kollmann

August 19, 2024 | 9:14 pm

Bit Digital shares rose following the announcement of better-than-expected Q2 sales results and a binding term sheet with Boosteroid.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:35 pm

Bit Digital, Inc. (NASDAQ:BTBT) has signed a binding term sheet with Boosteroid for a high-performance computing project, potentially generating over $700 million in revenue over five years. The initial order is expected to bring in $13 million, with scalability options for up to 50,000 GPU servers.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:33 pm

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