Exhibit 99.1 Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2024 Financial Results NEW YORK, August 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 2024 ● Total revenue was $29.0 million for the Second Quarter o ...

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 ...

NEW YORK, Aug. 19, 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 signed a binding term sheet with Boosteroid Inc. ("Boosteroid"), a new customer for its high-performance computing ("HPC") business.Key HighlightsInitial Agreement: Upon signing a master service agreement ("MSA"), Boosteroid will place an initial purchase fo ...

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 ...

NEW YORK, Aug. 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, announced today that it will release its Second Quarter 2024 results on Monday, August 19, 2024, after the stock market closes. Senior management will host a live webcast and conference call to review the results on Tuesday, August 20, 2024, at 10 a.m. ET.To register for the earnings c ...

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 ...

In the latest trading session, Bit Digital, Inc. (BTBT) closed at $3.53, marking a -0.7% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%.Coming into today, shares of the company had gained 4.72% in the past month. In that same time, the Business Services sector lost 0.49%, while the S&P 500 gained 0.1%.The investment community will be paying close attention to the earnings performance of Bit ...