Bit Digital, Inc. (BTBT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +29.5% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Technology Services industry, to which Bit Digital belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...

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, June 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 May 2024.Corporate Highlights for May 2024The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of May 31, 2024. The Company earned an estimated $4.2 mi ...

2024 has had its ups and downs for the world’s bitcoin miners. For anyone even partially up to date on the bitcoin news cycle, the ups won’t come as a surprise. Bitcoin emerged from the darkness that was 2023 to clock a brand new all-time high in March. For the first time in its short, disruptive, unorthodox 15-year history, the world’s preeminent cryptocurrency soared above $70,000 apiece. It has wobbled since, but remains some 63% higher year to date at the time of writing this article. For an industry bu ...

Bit Digital Inc (NASDAQ:BTBT) saw a surge in revenue for the first quarter driven by a rising Bitcoin price and its new high performance computing (HPC) services business. Revenue jumped 266% from the year-ago quarter to $30.3 million, including a 166% increase in Bitcoin mining revenue to $21.9 million and $8.1 million in revenue from its HPC business. In this interview with Proactive, Bit Digital CEO Sam Tabar discusses the company’s quarterly report, in addition to its growth plans for its high-margin HP ...

Bit Digital, Inc. (NASDAQ:BTBT) Q1 2024 Earnings Conference Call May 16, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Conference Call Participants Mike Grondahl - Northland Securities Joe Gomes - Noble Capital Markets Kevin Dede - H.C. Wainwright Operator Hello and welcome to the Bit Digital First Quarter 2024 Earnings Conference Call. Good morning, good afternoon and good evening depending on where you're joining us from. Thank you for being here. [Ope ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Exhibit 99.1 Bit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial Results NEW YORK, May 15, 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 First Quarter ended March 31, 2024. Financial Highlights for the First Quarter of 2024 ● Total revenue was $30.3 million for the First Quarter of 2024 ...

Bit Digital (BTBT) is scheduled to release its first-quarter 2024 results on May 15, after market close.The company has an impressive earnings surprise history, with an average surprise of 80.7%.Q1 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $25.61 million, hinting at more than 100% growth from the year-ago quarter’s actual. The company’s GPU business and strategy to expand the business line through the expansion of the scope of existing customer contracts and onboarding clients are l ...

In the latest trading session, Bit Digital, Inc. (BTBT) closed at $2.17, marking no change from the previous day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, lost 0.18%.Heading into today, shares of the company had lost 5.24% over the past month, lagging the Business Services sector's loss of 1.96% and the S&P 500's loss of 0.22% in that time.The investment community will be paying close attention to the earnings performance of Bit Digital, Inc. in its upcoming release. On that day, ...