Bit Digital CEO talks ‘banner' Q1 results, expansion of high performance computing business
Bit Digital(BTBT) proactiveinvestors.com·2024-05-25 03:46
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 ...