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Bit Digital's Enovum acquisition expands HPC services business while keeping balance sheet 'pristine,' analysts say
Proactiveinvestors NA· 2024-10-16 17:27
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 bolsters AI infrastructure with $46M acquisition of Enovum
Proactiveinvestors NA· 2024-10-15 13:10
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 ...
Bit Digital, Inc. Vertically Integrates, Acquiring Tier 3 HPC Datacenter Company; 280+ MW Pipeline in Major Metropolitan Areas
Prnewswire· 2024-10-14 20:00
NEW YORK, Oct. 14, 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 has acquired Enovum Data Centers ("Enovum"), an owner, operator, and developer of high-performance computing ("HPC") datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM). This transaction vertically integrates Bit D ...
Bit Digital, Inc. (BTBT) Declines More Than Market: Some Information for Investors
ZACKS· 2024-10-10 22:55
Bit Digital, Inc. (BTBT) ended the recent trading session at $2.96, demonstrating a -1% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%.Coming into today, shares of the company had gained 10.33% in the past month. In that same time, the Business Services sector gained 4%, while the S&P 500 gained 5.94%.Investors will be eagerly watching for the perfo ...
Bit Digital reports $4.2M in AI revenue for September
Proactiveinvestors NA· 2024-10-07 12:42
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. Announces Monthly Production Update for September 2024
Prnewswire· 2024-10-04 20:30
NEW YORK, Oct. 4, 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, HPC services revenue, and corporate updates for the month of September 2024.Corporate Highlights for September 2024The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of September 30, 2024 ...
Bit Digital, Inc. (BTBT) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-03 22:56
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 ...
Bit Digital impresses analysts with strategic HPC hires
Proactiveinvestors NA· 2024-09-23 16:33
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, ...
Should You Invest in Bit Digital (BTBT) Based on Bullish Wall Street Views?
ZACKS· 2024-09-23 14:31
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 ...
Bit Digital strengthens HPC business with key hires
Proactiveinvestors NA· 2024-09-20 13:18
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, ...