Streetbeat News

BTBT

Bit Digital, Inc.

https://bit-digital.com

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

4.18

Mkt cap

634M

Volume

18M

High

4.42

P/E Ratio

20.43

52-wk high

5.27

Low

4.06

Div yield

N/A

52-wk low

1.76

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

Bit Digital reported a Q2 2024 GAAP EPS of $(0.09), missing the $(0.03) estimate, but sales of $29.00M beat the $26.09M estimate, marking a 220.87% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:31 pm

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.

Portfolio Pulse from Henry Khederian

August 16, 2024 | 5:23 pm

Shares of crypto-linked stocks are trading higher amid a rebound in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:27 am

Bit Digital, Inc. (NASDAQ:BTBT) reported its digital asset production and corporate updates for July 2024. The company produced 60.5 BTC, a slight decrease from the previous month, and had an active hash rate of 2.46 EH/s. Bit Digital earned $4.3 million in revenue from its AI contract and held significant BTC and ETH reserves. The company also had substantial liquidity and earned staking rewards from its ETH holdings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:24 pm

Shares of crypto-linked stocks are trading lower amid weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:28 pm

Shares of crypto-linked stocks are trading lower amid a drop in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:51 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.