Bit Digital, Inc. engages in the bitcoin mining business. 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.
IPO Year: 2018
Exchange: NASDAQ
Website: bit-digital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | $6.00 | Buy | B. Riley Securities |
| 2/13/2024 | $6.00 | Outperform | Northland Capital |
| 9/23/2021 | $14.00 | Buy | HC Wainwright & Co. |
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3 - Bit Digital, Inc (0001710350) (Issuer)
3 - Bit Digital, Inc (0001710350) (Issuer)
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NEW YORK, Jan. 8, 2025 /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 December 2024. Corporate Highlights for December 2024 The Company had 266 servers (2,128 GPUs) actively generating revenue from its Bit Digital AI contracts, as of December 31, 2024. The Company earned approximately $4.5 million of total
NEW YORK, Jan. 6, 2025 /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 as of January 1, 2025, it officially transitioned to domestic issuer status under U.S. securities regulations. The change reflects the Company's commitment to transparency, operational growth, U.S. market expectations, and streamlines its regulatory compliance framework. About Bit DigitalBit Digital, Inc. is a global platform f
NEW YORK, Dec. 31, 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 has executed an MSA with a new client, an AI Compute Fund managed by DNA Holdings Venture Inc., which provides for 576 Nvidia H200 GPUs over a two-year term. The contract represents an aggregate revenue opportunity of approximately $20.2 million for Bit Digital and is expected to commence in February 2025. This announcement
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. This site also comprises part of Bit Digital's 288MW proprietary pipeline announced earlier this year.
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. The Company earned approximately $4.3 million of total u
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. The increase was primarily driven by the commencement of our high performance comp
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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. ET.To register for the earnings call, please click here. Additionally, participants can join the conference call by dialing 1-800-289-0462 (passcode: 781205).The Company will issue a press release regarding T
NEW YORK, Nov. 4, 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 has executed a Master Service Agreement ("MSA") with Boosteroid Inc. ("Boosteroid"), a global cloud gaming provider and new customer of Bit Digital's high-performance computing ("HPC") services. Bit Digital previously announced that it had signed a binding term sheet with Boosteroid on August 19, 2024. Bit Digital has finali
NEW YORK, Oct. 14, 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 today that it has acquired Enovum Data Centers ("Enovum"), an owner, operator, and developer of high-performance computing ("HPC") datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM). This transaction vertically integrates Bit Digital's HPC operations with an existing, fully operational and fully leased Tier 3 datacenter in a major city; provides a strong diversity of existing and prospective colocation customers;
B. Riley Securities initiated coverage of Bit Digital with a rating of Buy and set a new price target of $6.00
Northland Capital initiated coverage of Bit Digital with a rating of Outperform and set a new price target of $6.00
HC Wainwright & Co. initiated coverage of Bit Digital with a rating of Buy and set a new price target of $14.00
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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. This site also comprises part of Bit Digital's 288MW proprietary pipeline announced earlier this year.
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. The increase was primarily driven by the commencement of our high performance comp
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. ET.To register for the earnings call, please click here. Additionally, participants can join the conference call by dialing 1-800-289-0462 (passcode: 781205).The Company will issue a press release regarding T
NEW YORK, Oct. 14, 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 today that it has acquired Enovum Data Centers ("Enovum"), an owner, operator, and developer of high-performance computing ("HPC") datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM). This transaction vertically integrates Bit Digital's HPC operations with an existing, fully operational and fully leased Tier 3 datacenter in a major city; provides a strong diversity of existing and prospective colocation customers;
NEW YORK, Aug. 12, 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 today that it will release its Second Quarter 2024 results on Monday, August 19, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Tuesday, August 20, 2024, at 10 a.m. ET. To register for the earnings call, please click here. Additionally, participants can join the confere
NEW YORK, May 15, 2024 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) (the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City, today announced its unaudited financial results for the First Quarter ended March 31, 2024. Financial Highlights for the First Quarter of 2024 Total revenue was $30.3 million for the First Quarter of 2024, a 266% increase compared to the First Quarter of 2023. The increase was primarily driven by the commencement of our Bit Digital AI business and by a h
NEW YORK, May 8, 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 today that it will release its First Quarter 2024 results on Wednesday, May 15, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Thursday, May 16, 2024, at 10 a.m. ET. To register for the earnings call, please click here. Additionally, participants can join the conference c
NEW YORK, March 13, 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 today that it will release its fiscal year 2023 results on Monday, March 18, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Tuesday, March 19, 2024, at 10 a.m. ET. To register for the earnings call, please click here. The Company will issue a press release regarding th
NEW YORK, Feb. 24, 2022 /PRNewswire/ -- BlackRock, the world's largest asset manager with $10 trillion in assets under management for institutions, is about to enter the crypto space. The New York-based company will soon allow its customers to trade crypto through its sophisticated Aladdin investment management platform. Of course, this isn't the first time BlackRock has expressed interest in crypto. In December 2020, CEO Laurence Fink said that increasing search volume for "bitcoin" on the company's website indicated growing legitimacy. In March 2021, one of BlackRock's funds bought bitcoin futures. Then in January 2022, the company filed for a Blockchain and Tech exchange-traded fund that
NEW YORK, Dec. 21, 2020 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), an emerging bitcoin mining company headquartered in New York, U.S. today announced its unaudited financial results for the third quarter ended September 30, 2020. Financial Highlights for the Third Quarter 2020 Revenue from bitcoin mining business was $7.91 million. The number of bitcoins earned from bitcoin mining business was 739.51. The number of miners was 22,869, with 16,865 miners acquired in the third quarter 2020. The net income from continuing operations of $0.10 million was all from bitcoin mining business, compared to the net loss of $1.79 million for the third quarter 2019. The net l
NEW YORK, Sept. 20, 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 today that the Company has appointed Benjamin Lamson as Head of Revenue and Tom Sanfilippo as Chief Technology Officer ("CTO"). Both executives will report directly to CEO Sam Tabar and play critical roles in the growth and development of Bit Digital's high-performance computing ("HPC") business. The Company has also added additional headcount across sales and AI/ML engineering roles in an effort to scale its HPC business.
NEW YORK, March 17, 2022 /PRNewswire/ -- The fastest smart contracts platform on the blockchain, Avalanche Foundation just announced "Multiverse", an incentive program of up to $290 million (4 million AVAX tokens) to help grow "subnets" on its network. The incentive program aims to create scalable chains to support Defi, NFT, and blockchain games on Avalanche. With this launch, Avalanche competes with rivals Cosmos and Polkadot, blockchain operators that already offer similar functionality. Synergies between CeFi, DeFi, gaming, and NFTs provide a tremendous opportunity for WonderFi Technologies (NEO:WNDR) (OTCPK:WONDF), Coinbase Global (NASDAQ:COIN), Bit Digital Inc (NASDAQ:BTBT), DMG Blockc
NEW YORK, Feb. 24, 2022 /PRNewswire/ -- Bit Digital (NASDAQ: BTBT), a leading digital mining company headquartered in New York City with facilities across North America, today announced that the Company has appointed Cameron Schnier as Head of Investor Relations. He will report to Chief Strategy Officer Sam Tabar while overseeing investor relations activities, corporate marketing events, and liaising with equity research coverage. Cameron Schnier joined Bit Digital in February 2022 with over a decade of experience in the financial sector. Prior to joining Bit Digital, Mr. Sch
NEW YORK, Nov. 17, 2021 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and mining operations update for the third quarter ended September 30, 2021. Preliminary Third Quarter 2021 Highlights We completed our fleet's exit from China. As of the date of this press release, 100% of our fleet had arrived in North America. As of September 30, 2021, we had no miners remaining in China: 79.1% of our miner fleet was already deployed or awaiting installation in North America, and 20.9% was in transit. The Company owned 27,744 miners as of September 30, 2021, with an estimat
NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company with one of the largest currently owned fleets among US-listed miners, today announced the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its board of directors, effective October 31, 2021. "Brock joining our board is a major step in completing our transition to North America. Consistent with migrating our mining operations and management team, we now welcome our first US-based director. Brock is a proven leader and innovator, with a well-known track record in the Bitcoin ecosystem. We are confident his strategic vision and relationships w
NEW YORK, July 20, 2021 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, today announced that the Company had appointed Justin Zhu as Vice President of Finance. He will report to CEO Bryan Bullett and CFO Erke Huang. Mr. Zhu joined Bit Digital in July 2021 with 9 years of experience in financial services. He spent the past 6 years as a Senior Manager in Ernst & Young's Financial Accounting Advisory Services practice
NEW YORK, May 26, 2021 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), one of the largest publicly-listed Bitcoin miners globally, today announced the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its advisory board and leadership team. "As we continue to build our management and operational center of gravity here in the United States, we are adding exceptional talent to our leadership team," said Bryan Bullett, Bit Digital's CEO. "Brock's stature is unparalleled in our industry, and we enthusiastically welcome him as an Advisor." "Brock is a lighthouse in the Bitcoin community, and provides us access to a vast portfolio of relationship
NEW YORK, April 12, 2021 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ:BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York with one of the highest operating hash rates (or computing power) among all US listed bitcoin miners, announced the appointment of Bryan Bullett as Chief Executive Officer and Sam Tabar as Chief Strategy Officer. Erke Huang will continue his role as Chief Financial Officer. The new appointments are expected to position the Company for continued rapid growth and access to new strategic opportunities. Bryan Bullett, Chief Executive Officer Mr. Bullett brings over 20 years of experience in investment banking, capital markets, financial ser
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