NEW YORK, Aug. 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 2024Total revenue was $29.0 million for the Second Quarter of 2024, a 220% increase compared to the Second Quarter of 2023. The increase was primarily driven by ...

Bit Digital, Inc. (BTBT) closed the latest trading day at $2.86, indicating a -1.38% change from the previous session's end. This change lagged the S&P 500's daily gain of 1.61%. Meanwhile, the Dow experienced a rise of 1.39%, and the technology-dominated Nasdaq saw an increase of 2.34%.Coming into today, shares of the company had lost 28.75% in the past month. In that same time, the Business Services sector lost 1.35%, while the S&P 500 lost 2.88%.Analysts and investors alike will be keeping a close eye on ...

Core Viewpoint - Bit Digital, Inc. is set to release its Second Quarter 2024 results on August 19, 2024, with a follow-up conference call on August 20, 2024, at 10 a.m. ET to discuss the results [1]. Company Overview - Bit Digital, Inc. operates as a sustainable platform for digital assets and AI infrastructure, with its headquarters in New York City [2]. - The company's bitcoin mining operations are located in the US, Canada, and Iceland [2].

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

NEW YORK, Aug. 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 July 2024.Corporate Highlights for July 2024The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of July 31, 2024. The Company earned an estimated $4.3 ...

Bit Digital, Inc. (BTBT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +16.2%, compared to the Zacks S&P 500 composite's +1.1% change. During this period, the Zacks Technology Services industry, which Bit Digital falls in, has lost 1.9%. The key question now is: What could be the stock's future direction?A ...

Investors in Bit Digital, Inc. (BTBT) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $8 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mea ...

Company Performance - Bit Digital, Inc. (BTBT) closed at $3.53, reflecting a -0.7% change from the previous day, which is less than the S&P 500's daily loss of 0.5% [1] - Over the past month, shares of Bit Digital, Inc. have gained 4.72%, while the Business Services sector lost 0.49% and the S&P 500 gained 0.1% [1] - The upcoming EPS for Bit Digital, Inc. is projected at -$0.03, indicating a 250% drop compared to the same quarter of the previous year, while revenue is expected to be $27.84 million, showing a 207.91% increase year-over-year [1] Analyst Estimates - For the full year, analysts expect earnings of $0.38 per share and revenue of $123.73 million, representing changes of +337.5% and +175.45% from last year [2] - Recent changes to analyst estimates reflect evolving short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [2] - Adjustments in estimates are associated with imminent stock price performance, and investors can utilize the Zacks Rank for actionable insights [2] Valuation and Industry Ranking - Bit Digital, Inc. has a Forward P/E ratio of 9.26, which is a discount compared to the industry's average Forward P/E of 23.45 [3] - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 87, placing it in the top 35% of over 250 industries [3] - The Zacks Industry Rank measures the strength of individual industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [3]

Bit Digital, Inc. (BTBT) ended the recent trading session at $3.95, demonstrating a +1.41% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. At the same time, the Dow added 0.32%, and the tech-heavy Nasdaq gained 1.58%.The company's stock has climbed by 47.35% in the past month, exceeding the Business Services sector's loss of 3.28% and the S&P 500's gain of 0.43%.Investors will be eagerly watching for the performance of Bit Digital, ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...