Profile
Sector:
Financial ServicesIndustry:
Capital MarketsCountry:
United StatesIPO:
20 March 2018Website:
http://www.bit-digital.comNext earnings report:
18 March 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:56:28 GMTDividend
Analysts recommendations
Institutional Ownership
BTBT Latest News
Bit Digital, Inc. (NASDAQ:BTBT ) Q3 2024 Earnings Conference Call November 18, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Billy Krassakopoulos - CEO, Enovum Conference Call Participants Mike Grondahl - Northland Kevin Dede - H.C. Wainwright & Co. Brian Dobson - Clear Street Joshua Zoepfel - Noble Capital Operator Hello, and welcome to the Bit Digital Third Quarter 2024 Earnings Conference Call.
Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.03 per share a year ago.
Bit Digital Inc (NASDAQ:BTBT) reported a significant year-over-year increase in revenue for the third quarter driven by the expansion of its high-performance computing (HPC) business. Total revenue increased 96% to $22.7 million, with HPC contributing $12.2 million.
NEW YORK , Nov. 18, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York City, today announced its unaudited financial results for the Third Quarter ended September 30, 2024. Financial Highlights for the Third Quarter of 2024 Total revenue was $22.7 million for the Third Quarter of 2024, a 96% increase compared to the Third Quarter of 2023.
Bit Digital's pivot to AI and HPC infrastructure has significantly boosted revenues, offsetting Bitcoin mining declines due to the halving event. The company maintains strong financial health with $59 million in cash reserves and minimal debt, despite share dilution from equity issuance for AI expansion. Q3 earnings will be crucial to assess AI revenue growth and its impact on overall profitability, especially amidst volatile Bitcoin prices.
NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that it will release its Third Quarter 2024 results on Monday, November 18, 2024, before the stock market opens. Senior management will host a live webcast and conference call to review the results on Monday, November 18, 2024, at 10:00 a.m.
Bit Digital, Inc. (BTBT) closed the most recent trading day at $4.14, moving +0.98% from the previous trading session.
Recently, Zacks.com users have been paying close attention to Bit Digital (BTBT). This makes it worthwhile to examine what the stock has in store.
Bit Digital Inc (NASDAQ:BTBT) reported growth in both digital asset production and revenue from AI services during the month of October. The company generated approximately $4.3 million in revenue from its initial AI contract, supported by 256 active servers dedicated to HPC services as of October 31, 2024.
NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of October 2024. Corporate Highlights for October 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of October 31, 2024.
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 18 March 2025