Core Insights - Bit Digital, Inc. reported its unaudited digital asset production and revenue for August 2024, highlighting a focus on sustainable digital assets and AI infrastructure [1] Corporate Highlights - As of August 31, 2024, the company operated 256 servers generating revenue from its Bit Digital AI contract, earning approximately $4.3 million in revenue for August 2024 [2] - The company produced 53.4 BTC in August 2024, reflecting an 11.7% decrease from the previous month [2] - The active hash rate was approximately 2.43 EH/s as of August 31, 2024 [2] - Treasury holdings included 682.4 BTC and 27,331 ETH, with fair market values of approximately $40.2 million and $68.7 million, respectively [2] - Total cash and cash equivalents amounted to $106.9 million, with total liquidity of approximately $216.5 million as of August 31, 2024 [2] Proof-of-Stake Highlights - The company had approximately 21,568 ETH actively staked in native staking protocols as of August 31, 2024 [3] - A blended annual percentage yield (APY) of approximately 3.1% was earned on the staked ETH position for August 2024 [3] - Aggregate staking rewards amounted to approximately 56.6 ETH during August 2024 [3] Upcoming Events - The company will participate in the 2024 Annual Gateway Conference in San Francisco, CA on September 4-5 [4] - The H.C. Wainwright 26th Annual Global Investment Conference will take place in New York, NY on September 11-12 [4]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Bit Digital, Inc. (BTBT) .Bit Digital currently has an average brokerage r ...

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, ...

Bit Digital, Inc. (NASDAQ:BTBT) Q2 2024 Earnings Conference Call August 20, 2024 10:00 AM ET Company Participants Cameron Schnier - Head, Investor Relations Sam Tabar - Chief Executive Officer Erke Huang - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Kevin Dede - H.C. Wainwright & Co. Joe Gomes - Noble Capital Chris Sakai - Singular Research Operator Hello, and welcome to the Bit Digital Second Quarter 2024 Earnings Conference Call. Good morning, good afternoon and good eve ...

| --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|-------|-------|-------|------------| | | | | | | | | | | | | | | | | | Aug 2024 | | | | | | | | Bit Digital is a sustainable platform for digital asset production and | | | | | | HPC Services | | | | | | | | | | | | | | | | | Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forwa ...

Bit Digital is surging after the company made a key announcement during its earnings call.Bit Digital (BTBT 17.06%) is among the top cryptocurrency-related stocks that's seen a sharp uptick in today's session. Shares of the stock are up more than 17% at the time of writing, after the company announced earnings. Bit Digital's report was a mixed bag, with the company reporting a wider-than-expected loss for its second quarter and a stronger forecast for revenue than the market had anticipated. As a top Bitcoi ...

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, ...

Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of 200%.Over the last four quarters, the company has ...

Exhibit 99.1 Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2024 Financial Results NEW YORK, August 19, 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 Second Quarter ended June 30, 2024. Financial Highlights for the Second Quarter of 2024 ● Total revenue was $29.0 million for the Second Quarter o ...

Core Viewpoint - Bit Digital, Inc. has signed a binding term sheet with Boosteroid Inc. to provide high-performance computing services, marking a significant expansion in its HPC business and potential revenue growth over the next five years [1][2]. Group 1: Agreement Details - Bit Digital will enter into a master service agreement (MSA) with Boosteroid, which is contingent upon further diligence and approvals [2]. - The initial order from Boosteroid is expected to generate approximately $13 million in revenue over five years, averaging about $2.6 million per year [2]. - Bit Digital will offer Boosteroid the option to increase their order up to 50,000 GPU servers, potentially leading to over $700 million in total revenue, depending on deployment plans and market conditions [2]. Group 2: Technology and Deployment - The initial purchase includes GPU servers utilizing AMD EPYC 4th Gen CPUs and RX7900XT GPUs, customized by ASUSTeK Computer Inc. and AMD for Boosteroid [2]. - Deployment is planned across more than 10 data centers in the U.S. and Europe, with the initial deployment set to begin within two to three months [2]. Group 3: Company Insights - Bit Digital aims to provide mission-critical computing solutions to Boosteroid, supporting their growth in the cloud gaming market [3]. - Boosteroid is the third-largest cloud gaming provider globally, serving over 5.7 million users and partnering with major brands like Google and Microsoft [4].