Bit Digital Inc (BTBT) News

153 million Outstanding Shares Dec 17, 3024 according to google search answer….
How many times has the OS rolled over this past couple- few weeks…
First comes massive volume then comes PPS movement as far as I know back in my hay making day…

Looks good $3.90s added lots of BTC ETH reserves 

Bit Digital Inc. expands into tier 3 data centers with 46 million dollars Enovum acquisition

Published: 13:27 29 Oct 2024
https://www.proactiveinvestors.com/companies/news/1059415/bit-digital-inc-expands-into-tier-3-data-centers-with-46-million-dollars-enovum-acquisition-1059415.html

Bit Digital Inc is an interesting company in the crypto mining space, especially with their focus on sustainable energy. If you’re considering investing or just want more information, it’s always good to do thorough research. Also, if you need help managing your investments or finances, seacoast bank customer service is pretty reliable—they’ve been helpful whenever I’ve had questions about my accounts.

Long way up

BTBT...............................https://stockcharts.com/h-sc/ui?s=BTBT&p=W&b=5&g=0&id=p86431144783

BTBT 10Q due AUGUST 19

Good run $$$$$

BTBT.....................https://stockcharts.com/h-sc/ui?s=BTBT&p=W&b=5&g=0&id=p86431144783

Huge news, expect buying to continue $$$$$$

BTBT.....................https://stockcharts.com/h-sc/ui?s=BTBT&p=W&b=5&g=0&id=p86431144783

Depends on BTC

Top 4 Small Cap Stocks Smart Investors Are Buying To Become Millionaire



Bit Digital @7:41

Weekly Chart

BTBT.......................https://stockcharts.com/h-sc/ui?s=BTBT&p=W&b=5&g=0&id=p86431144783

I really like Bit Digital. I own 1100 shares and I sell covered call options against the position as often as I can. I like the fact that they have successfully made a pivot into HPC (High Performance Computing) to support the emerging A.I. industry. They have one HPC customer and are looking for more. This will earn additional revenue on top of their BTC Mining income. Good Luck to all shareholders.

BTBT...............................................https://stockcharts.com/h-sc/ui?s=BTBT&p=W&b=5&g=0&id=p86431144783

BTBT 10Q due 3/18

$BTBT

See how she bounces.....

BTBT new 52 week high

5$

$BTBT
https://x.com/hannahadad8890/status/1738975898571772013?s=61

Time to load

Good flipper on this today $$$$

BTC moves her

Bitcoin mining activities have increased the stock market value of cryptocurrency mining platforms, with Riot Blockchain, Marathon Digital Holdings, Bit Digital, Hut 8 Mining Corporation, and Cypher Mining Inc. being top stocks to look for in 2023. Cypher Mining Inc., founded in 2021, now holds a disproportionate amount of power in the US bitcoin mining market, with a market worth of $760.39 million and a price of $3.03. Bit Digital, founded in 2015, is another well-known firm on the list of the finest stocks for crypto mining.

Bit Digital is currently trading at under $2.21, a 0.45% increase since the beginning of the trading day. The stock has a 35% probability of financial distress in the next few years and has generated negative returns over the last 90 days. The recent price drop could raise concerns from private investors, as the company is trading at a share price of $2.21 on 1,800,534 in volume. The stock standard deviation of daily returns for a 90-day investing horizon is currently 6.02. The high volatility is attributed to recent market swings and poor earnings reports from some Bit Digital partners.

Bit Digital has an expected return of -0.3%.

Since December 30, 2022, the Bit Digital stock price has increased by over 500%, evoking the "Golden Age" of cryptocurrency. The team behind the sustainable Bitcoin mining operation has been hard at work behind the scenes to improve the company's operations, which has resulted in a number of recent key partnerships, expansions, and revenue diversification.

She's trying

The Bitcoin rallied at 4:30 US Eastern
The rally has continued after 5:00 bringing up the price over $800 to $31 400

#BTBT ?? prepare for a squeeze! Lets hold $4 $btbt

Tops Sitting Thin

The company had cash, cash equivalents, and restricted cash of $34.0 million and total liquidity (defined as cash equivalents and restricted cash, USDC, and digital assets) of approximately $62.2 million as of December 31, 2022.

Slowly moving right along Bitcoin $34,000
waits next

When are we gonna get excited up in here?? We making mad $$$$ btc bull run in full effect!

BTBT just announced a JV to do crypto staking. Is doing this kind of business legally safe right now with the recent conflict between the SEC and companies like Coinbase?

https://www.globenewswire.com/news-release/2023/03/07/2622582/0/en/Mega-Matrix-Corp-Announces-Establishment-of-a-Joint-Venture-With-Bit-Digital-Inc-to-Jointly-Provide-Digital-Assets-Staking-Services.html

In February 2023, the Company earned 108.2 bitcoins, a 19% decrease compared to the prior month. The decrease in production was primarily driven by fewer days during the month and an increase in network difficulty. The Company did not purchase or sell any miners during the month.

2$ coming

Run to where ?????

Might get a run here. My bid is set at $1.15

It looks to me this SCAM is on its last leg,LMFAO

BTBT in Motley Fool
https://www.fool.com/investing/2022/06/21/why-crypto-mining-stocks-are-rocketing-higher-toda/

$BTBT News! https://finance.yahoo.com/news/bit-digital-inc-announces-first-120000744.html

Thousands of Bit Digital miners go offline after explosion, fire at NY facility

by Catarina Moura

May 20, 2022

An explosion last week at the substation of a bitcoin mining facility in Niagara Falls, New York led to a fire and caused thousands of machines to go offline.

The facility where the incident happened, on May 10, is owned by Blockfusion, which offers colocation services to miners.

One of their clients, Bit Digital, said Thursday that power was cut off to about 2,515 of their Bitcoin miners and approximately 710 Ethereum miners that had been operating at the site.

"Operations are hoped to resume within a few weeks, but at this time there can be no assurances as to timing," the company said. "Blockfusion is working with its insurer and the utility to restore power as quickly as possible."

By signing up you agree to our Terms of Service & Privacy Policy

Per Bit Digital, no one was injured during the incident and there were no significant damages to the mining center building or to Bit Digital's miners.

Per Bit Digital's statement: "The explosion and fire are believed to have been caused by faulty equipment owned by the power utility. Blockfusion and the Company intend to pursue claims including seeking reimbursement for lost revenue."

About 1,580 Bit Digital miners operating at a different location in New York also recently got their power cut. Their hosting partner at that location, Digihost Technology, said that they needed additional approvals from power authorities.

Bit Digital said the two incidents combined cut its operating hash rate to 46.8%.

"This is expected to have a material adverse effect on our operating results until such matters are resolved," it said.

Looking like it

Are we waking up here?

How much Bitcoin miner Bit Digital Files to raise in equity?

Nancy J. Allen
April 22, 2022

The capital funds will be allocated to capital expenditures, to buy new mining equipments and other potential acquisitions.

Prominent bitcoin miner Bit Digital (BTBT) filed a description with the US Security and Exchange Commission (SEC) for selling up to $500 million in its equity from time to time offering which is also known as an ‘at the market’ (ATM) offering. The offerings of equity would include shares both ordinary and preferred shares which includes convertible preferred shares, warrants and other units of any such combination as per the filing detailed.

The company said that the proceedings would be used for several general corporate purposes that would include capital expenditures, buying of new mining equipment and other potential acquisitions and general capital for working. If Bit Digital sells ordinary shares and if it offers to sell about 181.8 million shares in total then H.C. Wainwright would be acting as the underwriter.

This being followed the prospectus is registration include shelf which means that there is no intention present to sell all the securities immediately that the securities are being registered. Bit Digital reduced its bitcoin mining rigs in North America from the Chinese subcontinent last year when China put a ban and swept out the whole crypto industry from the region. About 40% machines of the company have come online again in North America by 16th March.

Rest of the miners which are awaiting for installation in the US are expected to get installed at the sites that are operated by company named Compute North and at some new facilities to be operated by Digihost and Blockfusion in New York upstate in 2022 according to the company filings.

Offering of the bitcoin miner Bit Digital comes shortly after when one of the largest publicly traded bitcoin miners firm, Riot Blockchain (RIOT) has filed a similar announcement of selling more than $500 million worth share in an ATM offering. Another crypto miner, Mawson Infrastructure (MIGI), also announced the same month that it was looking to raise about $500 million in its equity offerings. Shares of Bit Digital were unchanged after hours but later have fallen about 58% this year when compared to the decline of bitcoin of 13%.

Time to buy.

Bought some under 4 need a short squeeze and that’s not a loaf….??

Short interest like 30% of float

Bitcoin surging as Russians flying into Bitcoin to get around sanctions