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

4.52

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 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

Bit Digital (NYSE:BTBT) has seen a 14.44% increase in its short percent of float, now at 19.1%. This indicates a bearish sentiment among investors, as it has more short interest compared to its peers. It would take traders 1.52 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 8:15 pm

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

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:35 pm

Shares of crypto-linked stocks are trading higher after Bitcoin rose above $62,000.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:20 am

Bit Digital, Inc. (NASDAQ:BTBT) reported a 2.5% decrease in BTC production for June 2024, producing 61.7 BTC. The company generated $4.1 million in revenue from its initial AI contract and had significant digital asset holdings and liquidity.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

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