NEW YORK, June 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 it has finalized an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term commencing upon deployment. With this agreement, the Company will supply this customer with a total of 4,096 GPUs for the respective three-year periods ...

Bit Digital, Inc. (BTBT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +8.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Technology Services industry, to which Bit Digital belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?While media rele ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Bit Digital, Inc. (BTBT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bit Digital currently ha ...

Bit Digital, Inc. (BTBT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +29.5% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Technology Services industry, to which Bit Digital belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

NEW YORK, June 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 and corporate updates for the month of May 2024.Corporate Highlights for May 2024The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of May 31, 2024. The Company earned an estimated $4.2 mi ...

2024 has had its ups and downs for the world’s bitcoin miners. For anyone even partially up to date on the bitcoin news cycle, the ups won’t come as a surprise. Bitcoin emerged from the darkness that was 2023 to clock a brand new all-time high in March. For the first time in its short, disruptive, unorthodox 15-year history, the world’s preeminent cryptocurrency soared above $70,000 apiece. It has wobbled since, but remains some 63% higher year to date at the time of writing this article. For an industry bu ...

Bit Digital Inc (NASDAQ:BTBT) saw a surge in revenue for the first quarter driven by a rising Bitcoin price and its new high performance computing (HPC) services business. Revenue jumped 266% from the year-ago quarter to $30.3 million, including a 166% increase in Bitcoin mining revenue to $21.9 million and $8.1 million in revenue from its HPC business. In this interview with Proactive, Bit Digital CEO Sam Tabar discusses the company’s quarterly report, in addition to its growth plans for its high-margin HP ...

财务数据和关键指标变化 - 第一季度收入同比增长266%,环比增长85%,达到3.03亿美元 [27] - 比特币产量同比增长13%,达到410.7枚 [27] - 高性能计算服务业务第一季度贡献收入8.1百万美元 [19][27] - 毛利率为46.5%,调整后毛利率约为72.5% [20][71] - 调整后EBITDA为5850万美元 [32] - 每股收益为0.43美元,上年同期亏损0.03美元 [32] 各条业务线数据和关键指标变化 - 比特币挖矿业务: - 3月31日活跃算力为2.76 EH/s,较年末增加 [10] - 平均电力效率为28.3 J/TH,较年末有所改善 [13] - 碳中和算力占比为85%,较年末93%有所下降 [13] - 高性能计算服务业务: - 第一季度收入8.1百万美元,毛利率约61% [19][20] - 计划再增加2,048个GPU,将合计部署4,096个GPU [21] - 目标全年收入达到1亿美元 [22][23] 各个市场数据和关键指标变化 - 无具体披露 公司战略和发展方向及行业竞争 - 公司采取反周期增长策略,谨慎扩张矿机规模 [36][37][40] - 高性能计算服务业务是公司的重点发展方向,目标全年收入达到1亿美元 [21][22][23][24] - 公司正考虑通过并购等方式垂直整合高性能计算服务业务 [85][86][87] - 公司有望通过灵活的资本配置在不同业务间进行选择 [38][39][40] 管理层对经营环境和未来前景的评论 - 比特币挖矿业务受比特币价格波动影响较大,公司将更多关注高性能计算服务业务的发展 [36][37][40] - 公司有充足的现金储备和良好的资产负债表,为未来发展提供支持 [33][36] - 公司正积极探索债务融资等方式,以加快高性能计算服务业务的扩张 [33][118] 问答环节重要的提问和回答 问题1 **Mike Grondahl 提问** 关于第二批2,000个GPU的部署进度,预计何时完成安装并开始贡献收入? [45][48][50] **Erke Huang 回答** 预计将在6月30日前完成安装,并开始贡献收入 [48][49][50] 问题2 **Joe Gomes 提问** 高性能计算服务业务的毛利率水平是否可以保持? [71][72][73] **Erke Huang 回答** 未来毛利率可能会有所下降,但仍将维持较高水平 [72][73] 问题3 **Kevin Dede 提问** 公司是否考虑通过并购方式垂直整合高性能计算服务业务? [90][91][92][95] **Sam Tabar 回答** 公司正在考虑通过并购方式垂直整合高性能计算服务业务,以提升该业务的利润空间 [86][87][91][92]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...