Bit Digital, Inc. Announces Monthly Production Update for October 2024
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: PR Newswire
NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of October 2024.Corporate Highlights for October 2024The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of October 31, 2024. The Company earned approximately $4.3 million of unaudited revenue from this contract during the month of October 2024.In October 2024, the Company produced 52.2 BTC, a 1.4% increase compared to the prior month.The Company's active hash rate was approximately 2.43 EH/s as of October 31, 2024.Treasury holdings of BTC and ETH were 781.2 and 27,503.4 with a fair market value of approximately $54.8 million and $69.2 million, respectively, on October 31, 2024.The BTC equivalent[1] o
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News
- Bit Digital, Inc.'s (NASDAQ:BTBT) Path To Profitability [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. (NASDAQ: BTBT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $7.00 price target on the stock.MarketBeat
- Bit Digital Inc (BTBT) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2024 Financial ResultsPR Newswire
- Bit Digital, Inc. Announces Date for Third Quarter 2024 Financial Results and Conference CallPR Newswire
BTBT
Earnings
- 11/18/24 - Miss
BTBT
Sec Filings
- 11/18/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/8/24 - Form SC
- BTBT's page on the SEC website