Bit Digital (BTBT) Stock

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after the firm earlier this week announced the execution of a Master Services Agreement (MSA) with an AI Compute Fund managed by NDA Holdings Venture. The two-year contract provides for 576 Nvidia H200 GPUs, representing a total revenue opportunity of $20.2 million.

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.

Bit Digital Inc (NASDAQ:BTBT) announced that it has signed a Master Services Agreement with a new client, the AI Compute Fund managed by DNA Holdings Venture Inc. The agreement includes the provision of 576 Nvidia H200 GPUs over a two-year term, representing a potential revenue of approximately $20.2 million.

Bit Digital Inc (NASDAQ:BTBT) announced that it has acquired real estate and a building in Montreal, Canada, for a 5MW Tier-3 data center expansion project.   The acquisition, valued at C$33.5 million (US$23.3 million), was finalized on December 27, 2024, and funded initially with cash on hand.

NEW YORK , Dec. 30, 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 is has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project in Montreal, Canada. This acquisition is part of Bit Digital's strategy to expand its HPC data center footprint to 32MW during 2025.

Analysts at Noble Capital have repeated their ‘Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) following the release of its November production numbers, which showed the company had 266 servers active during the month and achieved approximately $4.3 million in GPU Cloud revenue. At its Enovum Data Center, the company had 13 customers actively generating revenue with colocation revenue of approximately $503,500, the analysts highlighted.

Bit Digital Inc (NASDAQ:BTBT) ended the month of November with 813 Bitcoin (BTC) and 27,563 Ethereum (ETH) valued at approximately $78.4 million and $102.1 million, respectively. According to the high-performance computing (HPC) infrastructure and digital asset production company's unaudited revenue figures for November 2024, New York-based Bit Digital generated approximately $4.3 million in GPU cloud revenue for the month, supported by 266 servers and 2,128 GPUs contracted under its Bit Digital AI agreements.

NEW YORK , Dec. 5, 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 November 2024. Corporate Highlights for November 2024 The Company had 266 servers (2,128 GPUs) actively generating revenue from its Bit Digital AI contracts, as of November 30, 2024.

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.