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

2.49

Mkt cap

375M

Volume

17M

High

2.73

P/E Ratio

-81.33

52-wk high

5.74

Low

2.37

Div yield

N/A

52-wk low

1.76

Bit Digital, Inc. (NASDAQ:BTBT) is a unique Bitcoin miner with operations in AI and Ethereum staking. The company has pioneered a business model called The Bit Digital Flywheel, which synergizes Bitcoin mining and Ethereum staking. Bit Digital also offers AI infrastructure services using Nvidia GPUs. Despite its stock trading below $3, the company has a strong balance sheet with no debt and over $200 million in liquidity.

Portfolio Pulse from David Pinsen

October 07, 2024 | 5:31 pm

Bit Digital, Inc. (NASDAQ:BTBT) reported a 3.6% decrease in Bitcoin production for September 2024, producing 51.5 BTC. The company earned approximately $4.2 million in unaudited revenue from its AI contract. Bit Digital's treasury holdings include 731.3 BTC and 27,388.9 ETH, with a total liquidity of $222 million.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:34 pm

Bit Digital (NYSE:BTBT) has seen a significant rise in its short interest, now at 16.32% of its float, which is higher than its peers' average of 5.82%. This indicates increased bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 1:00 pm

Crypto-related stocks are experiencing a decline due to a drop in Bitcoin prices, influenced by rising tensions in the Middle East, particularly reports of potential conflict involving Iran and Israel.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Several major stocks, including Stellantis, MicroStrategy, and Bit Digital, are experiencing declines in Monday's pre-market session. Stellantis shares fell sharply after lowering its 2024 operating margin guidance. Other stocks like Bitdeer Technologies, Corvus Pharmaceuticals, and Venus Concept also saw significant pre-market losses.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:30 pm

Crypto-related stocks are experiencing a rise in share prices due to Bitcoin surpassing $65,000, positive market sentiment, net inflows to Bitcoin spot ETFs, and a recent rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:49 pm

Bit Digital's Annual General Meeting, initially held on September 25, 2024, was adjourned to October 2, 2024, due to not meeting quorum. Shareholders are encouraged to vote on the proposals.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:03 pm

Darden Restaurants' shares rose 7.4% despite missing Q1 earnings and sales estimates. Other stocks like Rezolve AI, Edgewise Therapeutics, and Mobileye Global also saw significant gains. The Dow Jones index surged around 400 points.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 1:57 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:46 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

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