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 ...

Bit Digital, Inc. (NASDAQ:BTBT) Q1 2024 Earnings Conference Call May 16, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Conference Call Participants Mike Grondahl - Northland Securities Joe Gomes - Noble Capital Markets Kevin Dede - H.C. Wainwright Operator Hello and welcome to the Bit Digital First Quarter 2024 Earnings Conference Call. Good morning, good afternoon and good evening depending on where you're joining us from. Thank you for being here. [Ope ...

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 ...

Exhibit 99.1 Bit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial Results 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 ...

Bit Digital (BTBT) is scheduled to release its first-quarter 2024 results on May 15, after market close.The company has an impressive earnings surprise history, with an average surprise of 80.7%.Q1 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $25.61 million, hinting at more than 100% growth from the year-ago quarter’s actual. The company’s GPU business and strategy to expand the business line through the expansion of the scope of existing customer contracts and onboarding clients are l ...

In the latest trading session, Bit Digital, Inc. (BTBT) closed at $2.17, marking no change from the previous day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, lost 0.18%.Heading into today, shares of the company had lost 5.24% over the past month, lagging the Business Services sector's loss of 1.96% and the S&P 500's loss of 0.22% in that time.The investment community will be paying close attention to the earnings performance of Bit Digital, Inc. in its upcoming release. On that day, ...

NEW YORK, May 6, 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 April 2024. Corporate Highlights for April 2024 In April 2024, the Company produced 119.3 BTC, a 12.5% decrease compared to the prior month. The decrease relative to the prior month was predominantly ...

In the latest trading session, Bit Digital, Inc. (BTBT) closed at $2.01, marking a -1.23% move from the previous day. This change lagged the S&P 500's daily loss of 0.34%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.33%.The company's stock has dropped by 17.28% in the past month, falling short of the Business Services sector's loss of 6.97% and the S&P 500's loss of 4.05%.The investment community will be paying close attention to the earnings performance of Bit Digital, Inc. ...

Many of yesterday’s meme stocks to buy, once the darlings of speculative traders, now languish as forgotten relics at the bottom of portfolios, their potential for massive gains long since diminished. This popular sentiment — “It’s only a loss if you sell” — might not hold much comfort anymore.Proving the truism less-than-true, many former top meme stocks like WeWork, Smile Direct Club and Bed Bath & Beyond have been delisted. A few holdouts remain, barely maintaining their status by hovering in penny stock ...

Core Viewpoint - The average brokerage recommendation (ABR) for Bit Digital, Inc. (BTBT) is 1.13, indicating a consensus leaning towards a Strong Buy, with 75% of recommendations being Strong Buy and 25% being Buy [1][6] Group 1: Brokerage Recommendations - The ABR is based on recommendations from four brokerage firms, with three Strong Buy and one Buy [1] - Despite the positive ABR, reliance solely on brokerage recommendations may not be prudent, as studies show limited success in guiding investors towards stocks with the best price increase potential [2] - Brokerage analysts often exhibit a strong positive bias due to vested interests, with five Strong Buy recommendations for every Strong Sell [2][4] Group 2: Zacks Rank Comparison - Zacks Rank categorizes stocks into five groups, from Strong Buy to Strong Sell, and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][4] - The ABR and Zacks Rank are different measures; ABR is based on brokerage recommendations while Zacks Rank is a quantitative model reflecting earnings estimates [4][5] - The Zacks Consensus Estimate for Bit Digital has increased by 151.9% over the past month, leading to a Zacks Rank 1 (Strong Buy) for the company [6] Group 3: Investment Implications - The Buy-equivalent ABR for Bit Digital can serve as a useful guide for investors, especially when validated by the Zacks Rank [6]