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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News
- Is Bit Digital (BTBT) the Crypto Stock with the Biggest Upside Potential? [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. Announces Monthly Production Update for November 2024PR Newswire
- Futures inch up ahead of shortened Black Friday session [Yahoo! Finance]Yahoo! Finance
- 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
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