Profile
Sector:
Financial ServicesIndustry:
Capital MarketsCountry:
United StatesIPO:
20 March 2018Website:
http://www.bit-digital.comNext earnings report:
14 November 2024Last dividends:
N/ANext dividends:
N/APrice
pre-market | 6 min agoDividend
Analysts recommendations
Institutional Ownership
BTBT Latest News
Bit Digital Inc (NASDAQ:BTBT) told investors it has struck a deal with Boosteroid Inc for an initial order of 300 GPUs that are expected to generate around $4.6 million in revenue over the five-year term, with the option to expand the number of GPUs to up to 50,000. The high-performance computing specialist said it expects to complete deliveries to the cloud gaming provider and begin earning revenue from the contract by the end of this month.
Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar talked with Proactive about the company's recent acquisition of Enovum Data Centers, a high-performance computing (HPC) facility operator based in Montreal. This acquisition marks a major step in Bit Digital's strategic expansion, positioning it as a diversified player in data center operations, GPU cloud services, and digital assets.
In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.93, indicating a -1.75% shift from the previous trading day.
Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after the company announced its acquisition of Enovum Data Centers for C$62.8 million, expanding its high performance computing (HPC) business. Analysts see the acquisition supporting colocation expansion and synergies.
Bit Digital Inc (NASDAQ:BTBT) announced it has acquired Montreal-based Enovum Data Centers for approximately C$62.8 million (US$46 million). The acquisition, announced on Monday, vertically integrates Bit Digital's operations by adding a fully operational Tier 3 high-performance computing (HPC) datacenter and a development pipeline of over 280 megawatts (MW) in major metropolitan areas.
Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Bit Digital Inc (NASDAQ:BTBT) has announced its operational and financial highlights for September 2024. During the month, Bit Digital generated approximately $4.2 million in revenue from its AI infrastructure services, with 256 servers actively contributing to the company's Bit Digital AI contract.
NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of September 2024. Corporate Highlights for September 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of September 30, 2024.
The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3.35, representing a +1.82% change from its previous close.
What type of business is Bit Digital?
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.
What sector is Bit Digital in?
Bit Digital is in the Financial Services sector
What industry is Bit Digital in?
Bit Digital is in the Capital Markets industry
What country is Bit Digital from?
Bit Digital is headquartered in United States
When did Bit Digital go public?
Bit Digital initial public offering (IPO) was on 20 March 2018
What is Bit Digital website?
https://www.bit-digital.com
Is Bit Digital in the S&P 500?
No, Bit Digital is not included in the S&P 500 index
Is Bit Digital in the NASDAQ 100?
No, Bit Digital is not included in the NASDAQ 100 index
Is Bit Digital in the Dow Jones?
No, Bit Digital is not included in the Dow Jones index
When was Bit Digital the previous earnings report?
No data
When does Bit Digital earnings report?
The next expected earnings date for Bit Digital is 14 November 2024