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

4.52

Mkt cap

631M

Volume

19M

High

4.54

P/E Ratio

21.35

52-wk high

5.74

Low

4.17

Div yield

N/A

52-wk low

1.76

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

Bit Digital's shift to AI and HPC infrastructure has increased revenues, countering Bitcoin mining declines. The company holds $59 million in cash and minimal debt, despite share dilution for AI expansion. Q3 earnings will be key to evaluating AI revenue growth and profitability amid volatile Bitcoin prices.

Portfolio Pulse from

November 12, 2024 | 7:00 pm

Bit Digital, Inc. will release its Q3 2024 financial results on November 18, 2024, before the market opens. A live webcast and conference call will follow at 10:00 a.m. to discuss the results.

Portfolio Pulse from

November 11, 2024 | 9:45 pm

Bit Digital, Inc. (BTBT) saw a positive movement in its stock price, closing at $4.14, which is a 0.98% increase from the previous trading session.

Portfolio Pulse from

November 08, 2024 | 12:00 am

Bit Digital, Inc. (BTBT) is gaining attention from investors, as noted by Zacks.com users. This suggests potential interest in the stock's future performance.

Portfolio Pulse from

November 07, 2024 | 3:15 pm

Bit Digital Inc (NASDAQ:BTBT) reported increased Bitcoin production and $4.3 million in revenue from AI services in October, supported by 256 active servers for HPC services.

Portfolio Pulse from

November 06, 2024 | 2:30 pm

Bit Digital, Inc. (Nasdaq: BTBT) released its monthly production update for October 2024, highlighting its digital asset production and HPC services revenue. The company reported 256 servers actively generating revenue from its initial Bit Digital AI contract.

Portfolio Pulse from

November 06, 2024 | 1:15 pm

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