Bit Digital Stock Soars More Than 8% Following Tier 3 HPC Datacenter Acquisition [TheStreet.com]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: TheStreet.com
In a move that could reshape its market standing, Bit Digital, known for its work in digital currencies, has snapped up Enovum Data Centers for around $46 million. This deal, announced on October 14, 2024, isn't just about growing bigger; it's about getting smarter in the tech space. Why It Matters For those not deep in the tech weeds, think of this as Bit Digital buying a high-tech warehouse where companies can store and run their most heavy-duty computer tasks. This isn't just any warehouse; it's like upgrading from renting to owning prime real estate in the digital world. The Big Picture Bit Digital's new property includes a high-performance computing center in Montreal, already buzzing with clients. But why should you care? Because this center helps power everything from your Netflix recommendations to complex financial models, all while sipping on clean, hydroelectric power. What's Next? This acquisition means Bit Digital can now offer more to its customers, like ren
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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 (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