Bit Digital Inc (BTBT) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Challenges [Yahoo! Finance]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Yahoo! Finance
Bitcoin Mining Revenue: Decreased 11% from the prior year to $10.1 million. HPC Services Revenue: $12.2 million recognized during the quarter. Ethereum Staking Revenue: 161.9 Ethereums earned, approximately $450,000 in revenue. Total Cost of Revenue: $15.5 million, up from $8.8 million in the prior year. Gross Profit: $7.2 million, a 162% increase from the prior year. Gross Margin: Expanded 800 bps to 32%. General and Administrative Costs: $13.7 million, compared to $4.9 million in the prior year. Depreciation and Amortization: $8.4 million, up from $3.6 million last year. Adjusted EBITDA: Negative $21.8 million, compared to negative $2.9 million last year. GAAP Earnings Per Share: Loss of $0.26, compared to a loss of $0.08 in the prior year. Cash and Restricted Cash: Approximately $106 million as of September 30, 2024. Digital Assets: Valued at approximately $118 million. Total Assets: $376 million at the end of the quarter. Shareholders' Equity: $315 milli
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BTBT
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. 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
- The Daily Chase: Montreal dockworkers locked out [BNN Bloomberg (Canada)]BNN Bloomberg
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