Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

Bit Digital, Inc.

Bit Digital is a sustainability-focused infrastructure platform for digital assets and artificial intelligence. Bit Digital operates Bitcoin mining in the United States, Canada, and Iceland, and provides Ethereum staking services. The company also offers specialized cloud-infrastructure services to support generative AI workstreams.

Bit Digital

NASDAQ: $BTBT | 99% Carbon-Free Bitcoin miner | Diversified revenue streams with Ethereum staking & AI infrastructure services for generative AI workstreams

Bit Digital | NASDAQ: BTBT

Bit Digital | NASDAQ: BTBT Second Quarter 2024 Financial Highlights

🟢 Total Revenue: $29.0 million (+220%)
🟢 Total BTC Earned: 244.2 (-23%)
🟢 HPC/AI Revenue: $12.5 million
🟢 Total Liquidity: $191.9 million (+196%) 
🟢 Balance Sheet: 0 debt
🟢 Gross Profit: $13.8 million (+309%)

🔗 Read the full report: https://lnkd.in/gERu_zsB

BREAKING: Bit Digital | NASDAQ: BTBT has finalized a binding term sheet with its second HPC customer Boosteroid Cloud Gaming.

KEY HIGHLIGHTS

🟢 Initial Agreement: Upon signing a master service agreement (“MSA”), Boosteroid will place an initial purchase for a starting quantity of GPU servers with a five-year service duration. Bit Digital’s entry into a MSA is conditioned upon further diligence of Boosteroid, customary legal and business reviews, internal approvals, and execution of an acceptable MSA.

🟢 Revenue Impact: This initial order is expected to generate approximately $13 million in revenue to Bit Digital over the five-year term, or approximately $2.6 million per year.

🟢 Scalability: Bit Digital will provide Boosteroid with options to draw down additional servers in multiples of 100, up to a total of 50,000 GPU servers within five years after signing the MSA, depending on their deployment plans. The entire 50,000 GPU deployment represents an aggregate revenue opportunity to Bit Digital in excess of $700 million over the five-year term, depending on the deployment plan and subject to market conditions.

🟢 Technology and Deployment: The initial purchase includes GPU-servers based on AMD EPYC 4th Gen CPUs and RX7900XT GPUs, customized by ASUSTeK Computer Inc. (“ASUS”) and AMD for Boosteroid. Deployment is planned across a network of more than 10 data centers in the U.S. and Europe. The initial deployment is scheduled to begin over the next two to three months.

#HPC #AI #Sustainability

🔗 Read the full release: https://lnkd.in/gdC8N8Ki

Bit Digital | NASDAQ: BTBT execs will be hosting a live earnings call to review its Second Quarter 2024 financial results on Tuesday, August 20th at 10:00am EST. 

Results will be published on our website after the market closes on Monday, August 19th prior to the earnings call.

🔗 Register here: https://lnkd.in/g3zrv_z5

Bit Digital | NASDAQ: BTBT July 2024 Production Update

🟢 60.5 #Bitcoin mined
🟢 Active hash rate of 2.46 EH/s
🟢 BTC treasury holdings: 641.8 ($41.5m)
🟢 ETH treasury holdings: 27,274.4 ($88.1m)
🟢 AI revenue earned: $4.3 million
🟢 Total liquidity: $211.9 million

🔗 Read the full report: https://lnkd.in/gafR76Jh

Bit Digital's Sam Tabar sat down with Scott Melker, Host of The Wolf of All Streets Podcast to discuss the #Bitcoin mining sector's changes, revealing the evolving dynamics and burgeoning influence of #AI.

Several miners have announced #HPC businesses but in order to have an actual HPC business, you must have the holy trinity.

- Access to the machines
- Access to the correct data centers
- Clients

Without all three, you don't have an HPC business, you have an aspiration.

🔗 Read the full Roundtable article: https://lnkd.in/efetYAcz

We are delighted to announce that Sam Tabar, CEO of Bit Digital | NASDAQ: BTBT will be joining us as a speaker at the AIM Summit Dubai conference on October 21 and 22, 2024!
 
Samir (Sam) Tabar is the CEO of Bit Digital (NASDAQ: BTBT). Prior to joining Bit Digital, Sam was Co-Founder of Fluidity, a FinTech company that built successful Blockchain products, including the popular decentralized exchange AirSwap, which was acquired by Ethereum software developer ConsenSys. Prior to this, he was Head of Capital Strategy for Bank of America Merrill Lynch. He started his career as an attorney at Skadden Arps and graduated from Columbia Law School and Oxford University. He is a member of the New York State Bar.
 
Apply to attend for the conference here:  https://lnkd.in/dxagb78n

For event information, contact info@aimsummit.com

#aimsummitdubai #alternativeinvestments

Excited to cut the ribbon at our new office in New York! 🥂 To the future and growing Bit Digital! 🥳🎉

A Bitcoin reserve functions similarly to holding foreign currencies or gold, and adopting it could be a major catalyst for a nation's financial and technological growth.

The US is considering Bitcoin as a strategic reserve asset. #Bitcoin is winning.⚡

Another amazing Bit Digital | NASDAQ: BTBT event in the books at The Bitcoin Conference Thank you all for joining us! 🥳🎉

Today marks a historic milestone for the #ETH community and we are proud to play a key role in the #Ethereum ecosystem. 💎 As momentum continues to build with the official launch of spot ETH ETFs, consider some key distinctions between $BTBT and an Ethereum ETF. 👇

1. Bit Digital | NASDAQ: BTBT is a capital markets proxy for Ethereum staking economics with one of the largest ETH stacks of any publicly listed company.

2. Ethereum ETFs cannot stake.

3. The Bit Digital Flywheel reinvestment model leverages a war chest of >29,000 ETH, earning rewards from its staking mechanics. This allows Bit Digital to reinvest back into our #Bitcoin mining and #HPC operations, growing the entire business.

4. We provide liquidity to the #DeFi markets, ultimately helping to stabilize and reduce volatility in the markets.

5. We're not only believers in ETH, we are actively helping the growth of the DeFi platform, broadening its usage and overall use cases.

Congratulations to the Ethereum community on a monumental day that will help usher in increased normalization and adoption of this new technology. 🥳🎉

NASDAQ:BTBT

Bit Digital

Last Close

5.42

12/11 20:00

Market Cap

405.36M

Beta: 4.56

Volume Today

28.70M

Avg: 2.29M

PE Ratio

−2.88

PFCF: −6.20

People Not Available