Bit Digital's (NYSE:BTBT) short percent of float has risen 14.44% since its last report. The company recently reported that it has 22.86 million shares sold short, which is 19.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.52 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest

HC Wainwright & Co. analyst Kevin Dede reiterates Bit Digital (NASDAQ:BTBT) with a Buy and maintains $6 price target.

Bit Digital, Inc. (NASDAQ:BTBT), a company engaged in bitcoin mining and various digital asset activities, has recently shown signs of a significant bullish technical pattern known as the ‘Golden Cross.’ Despite a challenging year with Bit Digital’s stock down 13.03% over the past year and 17.97% year-to-date, the recent technical indicators suggest a potential upside ahead. Chart created using Benzinga Pro Moving Averages and Golden Cross: 8-day SMA: BTBT share price is $3.48, above the 8-day simple moving average of $3.43, signaling bullish momentum. 20-day SMA: The stock price is also above the 20-day SMA of $3.10, reinforcing the bullishness. 50-day SMA: The 50-day s

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 and corporate updates for the month of June 2024.Corporate Highlights for June 2024The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of June 30, 2024. The Company earned an estimated $4.1 million of unaudited revenue from this contract during the month of June 2024.In June 2024, the Company produced 61.7 BTC, a 2.5% decrease compared to the prior month.The Company's active hash rate was approximately 2.57 EH/s a

HC Wainwright & Co. analyst Kevin Dede maintains Bit Digital (NASDAQ:BTBT) with a Buy and raises the price target from $5 to $6.

BitDigital, Inc. (NASDAQ:BTBT) stock is moving higher Tuesday after the company announced it finalized terms for a contract expansion, bringing the value of the contract to $275 million. What Happened: Under the agreement, the technology company will supply another 2,048 GPUs over a three-year term to an existing customer. As a result of the agreement, BitDigital will order 256 servers manufactured by Dell that are equipped with 2,048 Nvidia HGX H100 GPUs. This order is expected to be delivered sometime in July and then deployed in Iceland. Sam Tabar, Bit Digital’s CEO, commented: “This agreement significantly contributes to our goal of reaching a $100 million annualized revenue run

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

Clear Street's Newest Offering, with In-Depth Market Analysis and Investment Insights, Addresses the Firm's Rapidly Expanding Institutional Client Base Initial Sector Coverage Includes Disruptive Technology, Energy Transition and Healthcare Clear Street ("Clear Street", "the Company"), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing institutional client base. Led by Director of Research Mara Goldstein, Clear Street Equity Research will focus initially on the Disruptive Technology, En

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;

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 Company earned approximately $4.2 million of unaudited revenue f

NEW YORK, Sept. 25, 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 adjourned its 2024 Annual Meeting of Shareholders until October 2nd, 2024, at 9AM ET. The initial Annual Meeting occurred on September 25, 2024, at 9AM ET and did not meet quorate and thus was adjourned for one week. We encourage Bit Digital shareholders to vote on the proposals. About Bit Digital Bit Digital, Inc. is

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, Sept. 5, 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 August 2024. Corporate Highlights for August 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of August 31, 2024. The Company earned approximately $4.3 million of unaudited revenue from this

H.C. Wainwright & Co., LLC, a full-service investment bank dedicated to providing corporate finance, strategic advisory, and equity research coverage to public and private companies across multiple sectors and regions, is pleased to announce the following keynote speakers and Bitcoin Mining Panel as part of its 26th Annual Global Investment Conference, September 9-11, 2024 at the Lotte New York Palace Hotel. Vivek Ramaswamy, Founder, Roivant Sciences, Ltd. (NASDAQ:ROIV); Co-Founder, Strive Asset Management; Partner, QVT Financial LP; and former U.S. presidential candidate will deliver his keynote address at 4:00 p.m. Eastern Time on Monday, September 9. On Tuesday, September 10, preemin

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

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