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Ethereum ETF on the horizon as VanEck reportedly moves forward with SEC filing
Proactiveinvestors NA· 2024-07-08 18:21
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. (BTBT) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-06-26 22:55
The most recent trading session ended with Bit Digital, Inc. (BTBT) standing at $3.33, reflecting a -1.91% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.49%.Prior to today's trading, shares of the company had gained 34.19% over the past month. This has outpaced the Business Services sector's gain of 1.2% and the S&P 500's gain of 3.22% in that time ...
Bit Digital shares skyrocket on $275M HPC contract expansion
Proactiveinvestors NA· 2024-06-25 16:56
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 Finalized Terms for Contract Expansion with Major HPC Customer; Total Contract Value Now Worth Approximately $275 Million
Prnewswire· 2024-06-25 12:00
NEW YORK, June 25, 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 finalized an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term commencing upon deployment. With this agreement, the Company will supply this customer with a total of 4,096 GPUs for the respective three-year periods ...
Investors Heavily Search Bit Digital, Inc. (BTBT): Here is What You Need to Know
ZACKS· 2024-06-20 14:06
Bit Digital, Inc. (BTBT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +8.6% over the past month versus the Zacks S&P 500 composite's +3.6% 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?While media rele ...
Wall Street Analysts Think Bit Digital (BTBT) Is a Good Investment: Is It?
ZACKS· 2024-06-18 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Bit Digital, Inc. (BTBT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bit Digital currently ha ...
Here is What to Know Beyond Why Bit Digital, Inc. (BTBT) is a Trending Stock
ZACKS· 2024-06-06 14:06
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 ...
Bit Digital achieves $4.2M in AI contract revenue in May
Proactiveinvestors NA· 2024-06-06 12:58
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 May 2024
Prnewswire· 2024-06-05 20:30
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 ...
Bit Digital: AI more than just a buzzword for this bitcoin miner
Proactiveinvestors NA· 2024-06-05 14:16
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 ...