Key PointsBitcoin miners stopped rising with spot bitcoin prices around February 28, 2024.The negative correlation continues through March 2024.The bitcoin halving will reduce reward payouts to bitcoin miners from 6.25 BTC per block to 3.125 BTC.5 stocks we like better than Marathon DigitalPrior to the approval of the spot bitcoin ETFs like iShares Bitcoin Trust NASDAQ: IBIT, traders would trade the Bitcoin miners and the cryptocurrency exchanges like Coinbase Global Inc. NASDAQ: COIN to benefit from the ri ...

NEW YORK, March 13, 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 it will release its fiscal year 2023 results on Monday, March 18, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Tuesday, March 19, 2024, at 10 a.m. ET. To register for the earnings call ...

Crypto mining firms like Bit Digital (NASDAQ:BTBT) typically have a positive correlation with the underlying coins. After all, they help feed the supply of various popular virtual currencies. With the digital asset market being as red hot as it is, BTBT stock would seem to be a compelling (albeit speculative) investment.However, while dozens of individual cryptos have soared to stunning – and in some cases record – heights, Bit Digital has suffered. Since the beginning of the year, BTBT stock has fallen mor ...

NEW YORK, March 5, 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 February 2024.  Corporate Highlights for February 2024 In February 2024, the Company produced 128.7 BTC, an 11.7% decrease compared to the prior month. The Company's active hash rate was approximat ...

Cryptocurrencies have been absolutely soaring lately, and things are only getting better by the day in this market. As I write this, Bitcoin (BTC-USD) has broken above the $56,000 for the first time in more than two years. This move leads me to think that a new all-time high could be within reach, even before the next halving event kicks things into even higher gear. I’ve said many times over the past year that cryptocurrencies have explosive upside potential in 2024 thanks to several key catalysts: the lau ...

You get what you pay for and that applies to under-$10 stocks. In many if not most cases, you’re dealing with speculative ideas that have little chance of swinging higher. Still, a handful always manages to beat the odds.To be sure, several ideas for millionaire-maker stocks exist. For example, Warren Buffett has a loyal following where investors specifically target the Oracle of Omaha’s individual portfolio holdings. However, when we speak about millionaire makers, the context usually includes time; as in, ...

NEW YORK, Feb. 12, 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 City, is pleased to announce its strategic priorities for 2024. "Our strategic priorities for 2024 are the cornerstone of our success, embodying five essential pillars that will guide Bit Digital's focus and direction," said Sam Tabar, CEO of Bit Digital. "Together, these priorities for ...

NEW YORK, Feb. 5, 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 January 2024. Corporate Highlights for January 2024 In January 2024, the Company produced 145.7 BTC, a 14% decrease compared to the prior month. The Company's active hash rate was approximately 2.50 ...

NEW YORK, Jan. 31, 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 City, is pleased to announce that it has finalized an agreement for 6 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Massena, New York, is operated by a subsidiary of Coinmint LLC ("Coinmint"). This new agreement brings the Company's tota ...

NEW YORK, Jan. 23, 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 City, is pleased to announce that its customer contract for its Bit Digital AI business has commenced revenue generation as of the date of this report. 192 servers, representing 1,536 GPUs, began generating revenue on January 23, 2024. An additional 64 servers, representing 512 GPUs, ar ...