Bit Digital: A Capital Allocation Change Is Needed

I last covered Bit Digital, Inc. (NASDAQ: BTBT ) for Seeking Alpha in December shortly following the company's Q3-24 earnings results. Though I still held a position in the equity, I downgraded the company to a 'hold' given what I described asAnalyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD, ETH-USD, BTBT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...