Why Shares of Bit Digital Stock Were Rising This Week

Shares of Bit Digital (BTBT -5.27%) rose more than 10% this week after reporting its full-year 2023 earnings, according to data from S&P Global Market Intelligence. The cryptocurrency miner and now artificial intelligence (AI) company posted earnings for the fourth quarter. However, the business is still burning tons of cash and heavily diluting shareholders.Here's why shares of Bit Digital are rising, and what it means for investors.More cryptocurrency mining, and now AIBit Digital is a cryptocurrency mine ...