Core Viewpoint - Bit Digital, Inc. has rebranded its HPC business as WhiteFiber, which includes its GPU Cloud and HPC data center operations, signaling a focus on high-performance computing solutions for AI workloads [1][2]. Group 1: Rebranding and Business Focus - The rebranding to WhiteFiber aims to establish a distinct identity for the company's HPC business, emphasizing the integration of advanced technology and connectivity [2]. - WhiteFiber is designed to support demanding AI workloads with high performance, reliability, and efficiency, addressing the growing demand for data centers and HPC infrastructure [2]. - The WhiteFiber business has expanded its customer base significantly, servicing over 20 customers compared to just 1 at the beginning of 2024 [2]. Group 2: Company Overview - Bit Digital, Inc. operates as a global platform for high-performance computing infrastructure and digital asset production, with locations in the US, Canada, and Iceland [3].

Group 1 - The article discusses the recent decline in tech stocks, particularly highlighting the impact of China's DeepSeek on the AI trade, which has raised concerns among investors [2] - The market showed a bifurcation where much of the US market was higher despite the bloodbath in tech stocks, indicating a complex market environment [2] - The focus of the investing group Timely Trader is on limiting risk while maximizing potential rewards through various features such as real-time alerts and sector analysis [2][3] Group 2 - Josh Arnold, a seasoned analyst with a decade of experience, emphasizes the importance of both technical and fundamental analysis in identifying growth stocks early in their cycles [3] - The goal of the investment strategy discussed is to ensure efficient and profitable use of capital, contrasting with rigid buy-and-hold strategies [3]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Bit Digital, Inc. has announced a new agreement to provide 464 Nvidia B200 GPUs to a key customer, marking an expansion of its GPU Cloud business and replacing a previous agreement for 2,048 H100 GPUs [1][2]. Group 1: Agreement Details - The new contract involves providing 58 Nvidia B200 servers (464 GPUs) over an eighteen-month period, generating approximately $15 million in annualized revenue for the company [2]. - The agreement includes a two-month prepayment from the customer, who can deduct 100% of service fees from a previously paid non-refundable deposit of $30 million [2]. - The contract is set to commence on June 30, 2025, with the GPUs to be deployed in Iceland [2]. Group 2: Financial Implications - To fulfill the contract, Bit Digital has ordered 58 Nvidia B200 servers for around $21 million, which are expected to be delivered ahead of the service start date [2]. - The company plans to finance the server purchase using cash and customer deposits while retaining full ownership of the servers [2]. Group 3: Management Commentary - Sam Tabar, CEO of Bit Digital, expressed satisfaction with the agreement, highlighting improved margins compared to the original plan that included a sale-leaseback agreement [3]. - The company aims to explore additional business opportunities with the customer in 2025 while focusing on execution [3].

The latest trading session saw Bit Digital, Inc. (BTBT) ending at $3.70, denoting a +0.54% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.88%. At the same time, the Dow added 1.24%, and the tech-heavy Nasdaq gained 0.65%.The company's stock has climbed by 15.72% in the past month, exceeding the Business Services sector's gain of 0.03% and the S&P 500's gain of 1.17%.Market participants will be closely following the financial results of Bit Digital, Inc. in its upcoming ...

NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of December 2024. Corporate Highlights for December 2024 The Company had 266 servers (2,128 GPUs) actively generating revenue from its Bit Digital AI contracts, as of Dec ...

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, ...

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 ...

NEW YORK, Dec. 5, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of November 2024.Corporate Highlights for November 2024 The Company had 266 servers (2,128 GPUs) actively generating revenue from its Bit Digital AI contracts, as of Nove ...