Bit Digital, Inc. (BTBT) ended the recent trading session at $3.35, demonstrating a +1.82% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.17% loss on the day. Elsewhere, the Dow lost 0.44%, while the tech-heavy Nasdaq lost 0.04%.The company's shares have seen an increase of 18.34% over the last month, surpassing the Business Services sector's gain of 1.44% and the S&P 500's gain of 1.25%.Investors will be eagerly watching for the performance of Bit Digital, Inc. in its up ...

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, ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 recommendation (ABR) o ...

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, Sept. 20, 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 the Company has appointed Benjamin Lamson as Head of Revenue and Tom Sanfilippo as Chief Technology Officer ("CTO"). Both executives will report directly to CEO Sam Tabar and play critical roles in the growth and development of Bit Digital's high-performance compu ...

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, ...

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 ...