Bit Digital Key Executives
This section highlights Bit Digital's key executives, including their titles and compensation details.
Find Contacts at Bit Digital
( total contacts)
Bit Digital Earnings
This section highlights Bit Digital's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-14 | $-0.04 | $-0.11 |
| Read Transcript | Q3 | 2024 | 2024-11-18 | $-0.01 | $-0.10 |
| Read Transcript | Q2 | 2024 | 2024-08-21 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-16 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-19 | N/A | N/A |
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.
$2.42
Stock Price
$371.49M
Market Cap
54
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Bit Digital, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $108.05M | $44.92M | $32.30M | $96.08M | $21.07M |
| Cost of Revenue | $- | $29.56M | $20.37M | $30.74M | $14.10M |
| Gross Profit | $108.05M | $15.36M | $11.92M | $65.34M | $6.96M |
| Gross Profit Ratio | 100.00% | 34.20% | 36.91% | 68.00% | 33.04% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $41.51M | $26.47M | $23.11M | $39.15M | $2.52M |
| Selling and Marketing Expenses | $- | $1.20M | $1.10M | $- | $- |
| Selling General and Administrative Expenses | $41.51M | $27.67M | $23.11M | $39.15M | $2.52M |
| Other Expenses | $- | $4.31M | $27.83M | $13.11M | $3.32M |
| Operating Expenses | $41.51M | $31.98M | $50.94M | $52.27M | $5.84M |
| Cost and Expenses | $80.49M | $61.54M | $71.32M | $83.01M | $19.94M |
| Interest Income | $- | $- | $- | $- | $41 |
| Interest Expense | $- | $- | $132.62M | $- | $- |
| Depreciation and Amortization | $-32.31M | $14.43M | $27.83M | $13.11M | $3.32M |
| EBITDA | $-7.98M | $-12.31M | $-8.96M | $26.18M | $4.45M |
| EBITDA Ratio | -7.39% | -27.40% | 168.93% | 32.51% | 17.28% |
| Operating Income | $27.56M | $-16.62M | $26.73M | $18.12M | $315.16K |
| Operating Income Ratio | 25.51% | -37.00% | 82.76% | 18.86% | 1.50% |
| Total Other Income Expenses Net | $4.72M | $3.01M | $1.28M | $-3.04M | $803.63K |
| Income Before Tax | $32.28M | $-13.61M | $-105.89M | $8.72M | $1.92M |
| Income Before Tax Ratio | 29.88% | -30.31% | -327.87% | 9.08% | 9.14% |
| Income Tax Expense | $-3.98M | $279.04K | $-592.85K | $3.86M | $3.03M |
| Net Income | $28.31M | $-13.89M | $-105.30M | $4.86M | $-1.10M |
| Net Income Ratio | 26.20% | -30.93% | -326.03% | 5.06% | -5.24% |
| EPS | $0.20 | $-0.16 | $-1.34 | $0.09 | $-0.04 |
| EPS Diluted | $0.20 | $-0.16 | $-1.34 | $0.09 | $-0.04 |
| Weighted Average Shares Outstanding | 140.35M | 87.53M | 78.61M | 55.44M | 30.59M |
| Weighted Average Shares Outstanding Diluted | 141.51M | 87.53M | 78.61M | 55.44M | 30.59M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.71M | $28.95M | $30.29M | $16.05M | $11.56M | $13.48M | $8.26M | $7.78M | $9.13M | $6.82M | $8.57M | $13.39M | $10.40M | $28.34M | $43.95M | $12.46M | $7.91M | $674.47K | $18.23K | $4.57M |
| Cost of Revenue | $15.47M | $15.16M | $23.00M | $13.36M | $8.80M | $5.66M | $5.17M | $6.02M | $6.50M | $3.58M | $4.27M | $4.78M | $2.61M | $10.88M | $12.47M | $7.24M | $6.21M | $636.93K | $19.09K | $- |
| Gross Profit | $7.24M | $13.79M | $7.28M | $2.69M | $2.76M | $7.82M | $3.10M | $1.76M | $2.63M | $3.23M | $4.31M | $8.61M | $7.79M | $17.46M | $31.49M | $5.22M | $1.70M | $37.54K | $-857 | $4.57M |
| Gross Profit Ratio | 31.88% | 47.60% | 24.00% | 16.80% | 23.90% | 58.00% | 37.50% | 22.60% | 28.80% | 47.40% | 50.20% | 64.30% | 74.90% | 61.60% | 71.60% | 41.92% | 21.48% | 5.57% | -4.70% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $13.68M | $5.08M | $5.96M | $12.25M | $4.87M | $5.39M | $5.16M | $8.01M | $6.23M | $4.60M | $4.27M | $13.05M | $19.55M | $4.34M | $2.23M | $1.31M | $405.70K | $221.59K | $118.98K | $4.00M |
| Selling and Marketing Expenses | $- | $400.00K | $300.00K | $100.00K | $400.00K | $400.00K | $- | $300.00K | $300.00K | $100.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $8.20M |
| Selling General and Administrative Expenses | $13.68M | $5.48M | $5.96M | $12.25M | $4.87M | $5.39M | $5.16M | $8.01M | $6.23M | $4.60M | $4.27M | $13.05M | $19.55M | $4.34M | $2.23M | $1.31M | $405.70K | $221.59K | $118.98K | $12.20M |
| Other Expenses | $30.30M | $19.89M | $4.60M | $2.01M | $-29.30K | $330.80K | $3.65M | $9.40M | $9.31M | $5.32M | $3.80M | $202.85K | $3.85K | $493.52K | $2.19K | $-1 | $1.17M | $-1.96K | $- | $137.42K |
| Operating Expenses | $43.98M | $25.37M | $5.96M | $12.25M | $8.50M | $9.12M | $8.80M | $17.41M | $15.54M | $9.92M | $8.07M | $16.37M | $23.34M | $6.68M | $5.88M | $3.40M | $1.58M | $292.09K | $118.98K | $12.34M |
| Cost and Expenses | $59.45M | $40.52M | $28.96M | $25.61M | $17.29M | $14.78M | $13.97M | $23.43M | $22.04M | $13.50M | $12.34M | $21.15M | $25.95M | $17.57M | $18.34M | $10.63M | $7.79M | $929.02K | $138.07K | $12.34M |
| Interest Income | $- | $92.50K | $99.75K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $40 | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $1.23M | $10.26M | $7.76M | $- | $3.66M | $12.01M | $- | $3.83M | $- | $40 | $- | $7.89M |
| Depreciation and Amortization | $8.38M | $8.35M | $7.25M | $3.43M | $3.62M | $3.73M | $3.65M | $9.40M | $9.31M | $5.32M | $3.80M | $3.32M | $3.80M | $2.35M | $3.65M | $2.08M | $1.17M | $67.44K | $3.06K | $30.20K |
| EBITDA | $-6.44M | $8.31M | $58.91M | $-6.12M | $-2.11M | $-2.02M | $-2.06M | $-4.03M | $-3.60M | $-1.37M | $32.80K | $-4.44M | $-11.76M | $13.12M | $29.26M | $3.91M | $1.29M | $-187.11K | $-116.78K | $-7.73M |
| EBITDA Ratio | -28.37% | 28.71% | 28.30% | -38.15% | -6.87% | 28.03% | -56.95% | 524.64% | -25.69% | 130.25% | 84.29% | -38.07% | -77.90% | 90.42% | 42.78% | 24.80% | 16.62% | -28.21% | -639.31% | -169.13% |
| Operating Income | $-36.74M | $-11.57M | $1.33M | $-9.56M | $-7.00M | $-2.65M | $-5.70M | $31.40M | $-12.91M | $3.55M | $3.43M | $-7.76M | $-15.55M | $10.77M | $25.61M | $1.83M | $121.96K | $-254.55K | $-119.83K | $-7.76M |
| Operating Income Ratio | -161.80% | -39.97% | 4.38% | -59.53% | -60.57% | -19.64% | -69.02% | 403.82% | -141.42% | 52.15% | 39.97% | -57.96% | -149.62% | 38.01% | 58.27% | 14.68% | 1.54% | -37.74% | -657.31% | -169.79% |
| Total Other Income Expenses Net | $-1.43M | $161.48K | $50.33M | $1.90M | $-77.83K | $330.80K | $3.50M | $5.32M | $-1.40M | $898.83K | $643.68K | $858.82K | $-3.79M | $-12.01M | $10.46M | $821.31K | $-21.72K | $4.27K | $-226 | $680.95K |
| Income Before Tax | $-38.17M | $-11.41M | $51.66M | $-2.01M | $-7.08M | $-2.32M | $-2.21M | $-63.26M | $-14.14M | $-16.95M | $-11.53M | $-6.90M | $-19.21M | $-1.24M | $36.07M | $2.65M | $100.24K | $-250.28K | $-120.06K | $-7.08M |
| Income Before Tax Ratio | -168.07% | -39.42% | 170.57% | -12.53% | -61.24% | -17.19% | -26.70% | -813.46% | -154.89% | -248.77% | -134.50% | -51.55% | -184.79% | -4.37% | 82.06% | 21.27% | 1.27% | -37.11% | -658.55% | -154.89% |
| Income Tax Expense | $628.23K | $541.78K | $1.58M | $13.05K | $102.93K | $109.43K | $53.64K | $-607.73K | $195.53K | $1.17M | $-1.35M | $2.53M | $938.58K | $101.91K | $282.14K | $-821.31K | $100.19K | $-40 | $3.73M | $806.80K |
| Net Income | $-38.80M | $-11.95M | $50.08M | $-2.02M | $-7.18M | $-2.43M | $-2.26M | $-62.65M | $-14.34M | $-18.12M | $-10.18M | $-9.43M | $-20.15M | $-1.34M | $35.79M | $2.65M | $54 | $-250.28K | $-3.85M | $-7.89M |
| Net Income Ratio | -170.84% | -41.29% | 165.36% | -12.61% | -62.13% | -18.00% | -27.35% | -805.64% | -157.03% | -265.95% | -118.73% | -70.47% | -193.82% | -4.73% | 81.42% | 21.27% | 0.00% | -37.11% | -21142.88% | -172.54% |
| EPS | $-0.26 | $-0.09 | $0.44 | $-0.02 | $-0.08 | $-0.03 | $-0.03 | $-0.76 | $-0.17 | $-0.23 | $-0.15 | $-0.17 | $-0.37 | $-0.03 | $0.74 | $0.09 | $0.00 | $-0.01 | $-0.25 | $-0.52 |
| EPS Diluted | $-0.26 | $-0.09 | $0.43 | $-0.02 | $-0.08 | $-0.03 | $-0.03 | $-0.76 | $-0.17 | $-0.23 | $-0.15 | $-0.17 | $-0.37 | $-0.03 | $0.74 | $0.09 | $0.00 | $-0.01 | $-0.25 | $-0.52 |
| Weighted Average Shares Outstanding | 149.68M | 128.05M | 114.59M | 107.12M | 88.99M | 83.06M | 82.50M | 82.49M | 83.33M | 79.60M | 69.63M | 55.44M | 54.68M | 49.74M | 48.29M | 30.59M | 24.98M | 19.36M | 15.40M | 15.20M |
| Weighted Average Shares Outstanding Diluted | 149.68M | 128.05M | 115.59M | 107.12M | 88.99M | 83.06M | 82.50M | 82.49M | 83.33M | 79.60M | 69.63M | 55.44M | 54.68M | 49.74M | 48.29M | 30.59M | 24.98M | 19.36M | 15.40M | 15.20M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $95.20M | $16.86M | $32.69M | $42.40M | $405.13K |
| Short Term Investments | $411.41K | $46.57M | $626.44K | $29.04M | $6.29M |
| Cash and Short Term Investments | $95.61M | $64.75M | $33.32M | $42.40M | $6.70M |
| Net Receivables | $5.27M | $13.86M | $736.45K | $- | $- |
| Inventory | $- | $1.04M | $2.43M | $- | $1.91M |
| Other Current Assets | $195.98M | $3.70M | $30.34M | $47.92M | $8.26M |
| Total Current Assets | $296.86M | $83.35M | $64.40M | $96.56M | $8.72M |
| Property Plant Equipment Net | $54.03M | $91.92M | $23.15M | $75.58M | $31.17M |
| Goodwill | $19.38M | $- | $- | $- | $- |
| Intangible Assets | $13.03M | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $32.41M | $- | $- | $- | $- |
| Long Term Investments | $30.80M | $4.77M | $1.79M | $1.00M | $- |
| Tax Assets | $89.25K | $- | $- | $58.08K | $- |
| Other Non-Current Assets | $124.06M | $10.33M | $11.09M | $6.71M | $- |
| Total Non-Current Assets | $241.39M | $107.02M | $36.03M | $83.36M | $31.17M |
| Other Assets | $- | $-1.04M | $- | $- | $- |
| Total Assets | $538.25M | $189.33M | $100.42M | $179.92M | $39.89M |
| Account Payables | $3.42M | $2.32M | $3.63M | $2.61M | $1.37M |
| Short Term Debt | $4.53M | $1.86M | $- | $- | $- |
| Tax Payables | $1.60M | $50.97K | $3.04M | $559.77K | $- |
| Deferred Revenue | $30.70M | $13.07M | $- | $- | $-336.72K |
| Other Current Liabilities | $14.79M | $9.78M | $770.73K | $1.88M | $528.26K |
| Total Current Liabilities | $55.03M | $27.08M | $7.44M | $5.04M | $1.89M |
| Long Term Debt | $9.28M | $4.35M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $6.41M | $112.25K | $- | $462.37K | $- |
| Other Non-Current Liabilities | $4.06M | $5.08M | $3.04M | $2.77M | $- |
| Total Non-Current Liabilities | $19.74M | $9.54M | $3.04M | $3.23M | $- |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $74.77M | $36.62M | $10.49M | $8.27M | $1.89M |
| Preferred Stock | $- | $9.05M | $9.05M | $9.05M | $- |
| Common Stock | $1.79M | $1.07M | $824.86K | $695.91K | $480.44K |
| Retained Earnings | $-98.21M | $-146.91M | $-131.42M | $-19.88M | $-15.70M |
| Accumulated Other Comprehensive Income Loss | $-1.57M | $- | $-0 | $0 | $0 |
| Other Total Stockholders Equity | $561.46M | $289.49M | $211.47M | $181.77M | $53.22M |
| Total Stockholders Equity | $463.48M | $152.70M | $89.93M | $171.64M | $38.00M |
| Total Equity | $463.48M | $152.70M | $89.93M | $171.64M | $38.00M |
| Total Liabilities and Stockholders Equity | $538.25M | $189.33M | $100.42M | $179.92M | $39.89M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $538.25M | $189.33M | $100.42M | $179.92M | $39.89M |
| Total Investments | $31.21M | $51.35M | $2.41M | $1.00M | $6.29M |
| Total Debt | $13.81M | $6.22M | $- | $- | $336.72K |
| Net Debt | $-81.40M | $-10.64M | $-32.69M | $-42.40M | $-68.41K |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $103.18M | $59.02M | $35.49M | $18.18M | $20.81M | $18.52M | $27.91M | $32.69M | $32.27M | $44.30M | $28.09M | $42.40M | $26.46M | $28.25M | $227.57K | $405.13K | $521.65K | $1.91M | $-15.99K | $34.48K |
| Short Term Investments | $1.88M | $138.97M | $135.82M | $46.57M | $1.55M | $1.79M | $481.29K | $626.44K | $9.06M | $26.95M | $43.90M | $51.11M | $35.02M | $20.99M | $29.36M | $6.29M | $652.03K | $153.48K | $31.98K | $- |
| Cash and Short Term Investments | $105.06M | $59.02M | $171.32M | $64.75M | $22.36M | $20.31M | $28.39M | $33.32M | $41.32M | $44.30M | $28.09M | $42.40M | $61.48M | $49.24M | $29.59M | $6.70M | $1.17M | $2.06M | $15.99K | $34.48K |
| Net Receivables | $12.02M | $5.17M | $1.02M | $13.86M | $674.00K | $660.92K | $655.56K | $736.45K | $86.10K | $1.03M | $1.71M | $- | $- | $- | $4.86M | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $3.50M | $2.83M | $2.15M | $2.43M | $3.43M | $5.91M | $4.34M | $- | $- | $4.93M | $3.63M | $1.91M | $- | $- | $- | $-529.61K |
| Other Current Assets | $141.41M | $152.99M | $5.86M | $3.70M | $4.06M | $3.88M | $1.71M | $30.34M | $11.38M | $33.10M | $44.14M | $54.16M | $3.14M | $10.37M | $-3.58M | $8.31M | $1.28M | $766.28K | $- | $544.27K |
| Total Current Assets | $258.49M | $217.18M | $188.41M | $82.30M | $66.46M | $56.00M | $58.70M | $64.40M | $68.38M | $78.43M | $78.27M | $96.56M | $64.63M | $59.61M | $34.50M | $8.72M | $3.05M | $2.68M | $15.99K | $1.93M |
| Property Plant Equipment Net | $77.88M | $81.35M | $85.09M | $91.92M | $25.14M | $30.10M | $18.96M | $23.15M | $84.75M | $94.09M | $82.80M | $75.58M | $37.91M | $47.45M | $42.59M | $31.17M | $17.67M | $11.28M | $- | $683.63K |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $30.90M | $8.24M | $7.33M | $4.77M | $3.96M | $3.94M | $3.92M | $1.79M | $2.37M | $333.33K | $333.33K | $1.00M | $1.00M | $1.00M | $1.00M | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $849.94K | $58.08K | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $8.69M | $9.86M | $10.29M | $10.33M | $13.17M | $10.33M | $10.58M | $11.09M | $9.17M | $6.11M | $7.31M | $6.71M | $6.84M | $- | $- | $- | $- | $- | $-15.99K | $3.96M |
| Total Non-Current Assets | $117.48M | $99.45M | $102.70M | $107.02M | $42.27M | $44.37M | $33.46M | $36.03M | $96.29M | $100.54M | $91.29M | $83.36M | $45.75M | $48.45M | $43.59M | $31.17M | $17.67M | $11.28M | $-15.99K | $4.64M |
| Other Assets | $- | $-1.14M | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.09M | $- |
| Total Assets | $375.97M | $315.50M | $291.11M | $189.33M | $108.73M | $100.37M | $92.16M | $100.42M | $164.68M | $178.97M | $169.56M | $179.92M | $110.38M | $108.06M | $78.09M | $39.89M | $20.72M | $13.96M | $4.09M | $6.57M |
| Account Payables | $3.73M | $3.16M | $5.58M | $2.32M | $1.11M | $1.38M | $852.46K | $3.63M | $2.11M | $1.94M | $3.54M | $2.61M | $3.01M | $2.46M | $1.40M | $1.37M | $268.60K | $97.49K | $- | $- |
| Short Term Debt | $4.14M | $2.00M | $1.96M | $1.86M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.28M | $- | $- | $- | $- | $- |
| Tax Payables | $1.34M | $681.18K | $52.96K | $50.97K | $124.11K | $- | $- | $3.04M | $- | $- | $348.25K | $559.77K | $493.70K | $211.37K | $251.92K | $- | $- | $- | $- | $-233.45K |
| Deferred Revenue | $30.00M | $681.18K | $3.75M | $13.07M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-336.72K | $-336.72K | $- | $- | $- |
| Other Current Liabilities | $9.81M | $3.74M | $4.01M | $9.78M | $1.01M | $4.05M | $1.25M | $770.73K | $1.35M | $2.15M | $988.54K | $1.88M | $154.63K | $501.85K | $167.89K | $528.26K | $566.58K | $1.12M | $- | $663.04K |
| Total Current Liabilities | $49.02M | $10.26M | $15.35M | $27.08M | $2.24M | $5.43M | $2.10M | $7.44M | $3.46M | $4.10M | $4.87M | $5.04M | $3.66M | $3.17M | $3.10M | $1.89M | $835.18K | $1.22M | $- | $1.39M |
| Long Term Debt | $7.17M | $3.28M | $3.80M | $4.35M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $1.57M | $1.59M | $1.69M | $112.25K | $- | $- | $- | $- | $- | $- | $- | $462.37K | $703.92K | $47.68K | $30.22K | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $3.20M | $5.08M | $5.08M | $5.08M | $3.20M | $3.20M | $3.08M | $3.04M | $2.97M | $2.91M | $2.84M | $2.77M | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $11.93M | $9.95M | $10.57M | $9.54M | $3.20M | $3.20M | $3.08M | $3.04M | $2.97M | $2.91M | $2.84M | $3.23M | $703.92K | $47.68K | $30.22K | $1.37M | $268.60K | $97.49K | $- | $120.00K |
| Other Liabilities | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.37M | $-268.60K | $-97.49K | $- | $- |
| Total Liabilities | $60.95M | $20.22M | $25.92M | $36.62M | $5.44M | $8.63M | $5.18M | $10.49M | $6.44M | $7.00M | $7.71M | $8.27M | $4.36M | $3.22M | $3.13M | $1.89M | $835.18K | $1.22M | $- | $1.51M |
| Preferred Stock | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.54M | $1.37M | $1.21M | $1.07M | $908.88K | $850.29K | $824.97K | $824.86K | $824.52K | $824.20K | $696.44K | $695.91K | $558.17K | $539.06K | $483.06K | $480.44K | $436.99K | $221.99K | $- | $148.99K |
| Retained Earnings | $-126.38M | $-87.59M | $-75.63M | $-146.91M | $-144.09M | $-136.90M | $-134.48M | $-131.42M | $-62.52M | $-48.18M | $-30.06M | $-19.88M | $-10.44M | $18.75M | $20.09M | $-15.70M | $-18.35M | $-17.89M | $- | $-11.11M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-1.21M | $-1.07M | $0 | $-0 | $0 | $-0 | $0 | $-0 | $-0 | $0 | $0 | $0 | $0 | $0 | $0 | $-94.00K | $3.83M | $-102.75K |
| Other Total Stockholders Equity | $430.81M | $372.44M | $330.56M | $289.49M | $237.42M | $218.75M | $211.58M | $211.47M | $210.89M | $210.27M | $182.16M | $181.77M | $106.85M | $85.56M | $54.40M | $53.22M | $37.80M | $20.15M | $252.33K | $17.56M |
| Total Stockholders Equity | $315.02M | $295.28M | $265.19M | $152.70M | $103.29M | $91.74M | $86.98M | $89.93M | $158.24M | $171.96M | $161.85M | $171.64M | $106.02M | $104.84M | $74.97M | $38.00M | $19.88M | $12.49M | $4.09M | $4.75M |
| Total Equity | $315.02M | $295.28M | $265.19M | $152.70M | $103.29M | $91.74M | $86.98M | $89.93M | $158.24M | $171.96M | $161.85M | $171.64M | $106.02M | $104.84M | $74.97M | $38.00M | $19.88M | $12.75M | $4.09M | $5.06M |
| Total Liabilities and Stockholders Equity | $375.97M | $315.50M | $291.11M | $189.33M | $108.73M | $100.37M | $92.16M | $100.42M | $164.68M | $178.97M | $169.56M | $179.92M | $110.38M | $108.06M | $78.09M | $39.89M | $20.72M | $13.96M | $4.09M | $6.57M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $252.33K | $- | $307.60K |
| Total Liabilities and Total Equity | $375.97M | $315.50M | $291.11M | $189.33M | $108.73M | $100.37M | $92.16M | $100.42M | $164.68M | $178.97M | $169.56M | $179.92M | $110.38M | $108.06M | $78.09M | $39.89M | $20.72M | $13.96M | $4.09M | $6.57M |
| Total Investments | $32.78M | $147.21M | $143.16M | $51.35M | $5.51M | $5.73M | $4.40M | $2.41M | $11.42M | $333.33K | $333.33K | $1.00M | $36.02M | $21.99M | $30.36M | $6.29M | $652.03K | $153.48K | $31.98K | $- |
| Total Debt | $11.31M | $5.28M | $5.76M | $6.22M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.28M | $336.72K | $336.72K | $- | $- | $- |
| Net Debt | $-91.88M | $-53.74M | $-29.74M | $-11.96M | $-20.81M | $-18.52M | $-27.91M | $-32.69M | $-32.27M | $-44.30M | $-28.09M | $-42.40M | $-26.46M | $-28.25M | $1.05M | $-68.41K | $-184.93K | $-1.91M | $15.99K | $-34.48K |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $28.31M | $-13.89M | $-105.30M | $4.86M | $1.92M |
| Depreciation and Amortization | $32.31M | $14.43M | $27.83M | $13.11M | $3.32M |
| Deferred Income Tax | $2.30M | $- | $-404.29K | $404.29K | $-456.00K |
| Stock Based Compensation | $9.88M | $9.12M | $2.26M | $21.91M | $456.00K |
| Change in Working Capital | $- | $48.24M | $32.42M | $-76.34M | $-9.13M |
| Accounts Receivables | $-4.67M | $736.44K | $- | $-104.12M | $409.22K |
| Inventory | $- | $- | $- | $104.12M | $-409.22K |
| Accounts Payables | $3.50M | $692.85K | $3.16M | $21.55M | $14.28M |
| Other Working Capital | $- | $46.81M | $29.25M | $-97.89M | $-23.41M |
| Other Non Cash Items | $-85.78M | $-56.79M | $34.70M | $12.79M | $457.96K |
| Net Cash Provided by Operating Activities | $-12.99M | $1.11M | $-8.50M | $-23.26M | $-3.42M |
| Investments in Property Plant and Equipment | $-94.00M | $-66.66M | $-19.33M | $-46.84M | $-4.51M |
| Acquisitions Net | $-38.97M | $- | $-59.70K | $- | $11.33K |
| Purchases of Investments | $- | $-2.19M | $-2.00M | $- | $-2.46M |
| Sales Maturities of Investments | $- | $89.52K | $1.71M | $- | $2.45M |
| Other Investing Activities | $-16.05M | $-400.00K | $1.08M | $5.91M | $2.46M |
| Net Cash Used for Investing Activities | $-149.02M | $-69.16M | $-18.61M | $-40.93M | $-2.05M |
| Debt Repayment | $- | $- | $- | $1.27M | $7.00K |
| Common Stock Issued | $242.86M | $53.82M | $21.01M | $109.21M | $5.25M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-800.00K | $-1.60M | $- | $- | $- |
| Other Financing Activities | $243.66M | $2.55K | $-2.30M | $-4.29M | $- |
| Net Cash Used Provided by Financing Activities | $242.86M | $52.22M | $18.71M | $106.19M | $5.25M |
| Effect of Forex Changes on Cash | $-95.26K | $- | $- | $- | $- |
| Net Change in Cash | $80.75M | $-15.83M | $-8.39M | $41.99M | $-210.85K |
| Cash at End of Period | $98.93M | $18.18M | $34.01M | $42.40M | $419.80K |
| Cash at Beginning of Period | $18.18M | $34.01M | $42.40M | $405.13K | $630.65K |
| Operating Cash Flow | $-12.99M | $1.11M | $-8.50M | $-23.26M | $-3.42M |
| Capital Expenditure | $-94.00M | $-66.66M | $-19.33M | $-46.84M | $-4.51M |
| Free Cash Flow | $-106.99M | $-65.55M | $-27.83M | $-70.10M | $-7.92M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-38.80M | $-11.95M | $50.08M | $-2.02M | $-7.18M | $-2.43M | $-2.26M | $-62.65M | $-14.34M | $-18.12M | $-10.18M | $-9.43M | $-20.15M | $-1.34M | $35.79M | $2.65M | $-355.76K | $-250.28K | $-120.06K | $-7.89M |
| Depreciation and Amortization | $8.38M | $8.85M | $7.25M | $3.43M | $3.62M | $3.73M | $3.65M | $9.40M | $9.31M | $5.32M | $3.80M | $3.32M | $3.80M | $2.35M | $3.65M | $2.08M | $1.17M | $67.44K | $3.06K | $30.20K |
| Deferred Income Tax | $- | $- | $- | $-13.05M | $- | $- | $- | $4 | $-3 | $849.94K | $-1.25M | $-299.63K | $656.24K | $17.46K | $30.22K | $5.29M | $- | $- | $- | $- |
| Stock Based Compensation | $5.00M | $423.74K | $492.60K | $7.98M | $527.11K | $506.93K | $106.84K | $588.74K | $616.63K | $593.41K | $463.90K | $3.88M | $17.51M | $1.44M | $- | $456.00K | $456.00K | $- | $- | $- |
| Change in Working Capital | $21.97M | $-1.65M | $-6.88M | $38.39M | $-637.34K | $2.51M | $7.98M | $30.46M | $16.70M | $-7.49M | $-7.25M | $-9.54M | $-11.04M | $-13.76M | $-42.00M | $426.16K | $-8.89M | $-659.69K | $-5.25K | $4.32M |
| Accounts Receivables | $216.56K | $-3.88M | $-3.12M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $1.24M | $-966.58K | $4.79M | $1.79M | $71.83K | $1.48M | $-2.65M | $2.22M | $249.87K | $-723.10K | $1.42M | $-4.13M | $2.70M | $10.23M | $12.76M | $14.02M | $171.11K | $84.80K | $12.70K | $- |
| Other Working Capital | $20.52M | $3.20M | $-8.54M | $36.60M | $-709.17K | $1.03M | $10.63M | $28.24M | $16.45M | $-6.76M | $-8.67M | $-5.41M | $-13.74M | $-23.98M | $-54.76M | $-13.59M | $-9.06M | $-744.49K | $-17.95K | $91.04K |
| Other Non Cash Items | $13.51M | $-5.17M | $-58.50M | $-10.38M | $-10.24M | $-12.15M | $-10.96M | $20.76M | $-4.07M | $10.24M | $7.76M | $14.65M | $2.86M | $10.44M | $-5.46M | $-5.75M | $456.00K | $1.97K | $-1 | $1.49M |
| Net Cash Provided by Operating Activities | $10.06M | $-9.50M | $-20.87M | $24.34M | $-13.91M | $-7.84M | $-1.48M | $-1.45M | $8.22M | $-8.60M | $-6.66M | $-12.07M | $-6.37M | $-2.28M | $-2.54M | $5.16M | $-7.62M | $-840.56K | $-122.26K | $-2.05M |
| Investments in Property Plant and Equipment | $-1.61M | $-5.09M | $-474.41K | $-58.36M | $-1.14M | $-7.14M | $-14.82K | $-47.69K | $24.77K | $-10.26M | $-11.05M | $-46.05M | $-108.46K | $- | $-686.54K | $14.29M | $-7.55M | $-11.24M | $- | $-916.17K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $2.00M | $- | $-59.70K | $- | $- | $- | $- | $-11.33K | $- | $11.33K | $- | $- |
| Purchases of Investments | $-15.90M | $-1.10M | $- | $- | $-100.00K | $- | $-2.09M | $2.00M | $-2.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $89.52K | $- | $- | $- | $856.66K | $- | $- | $-3.54M | $- | $1.77M | $1.77M | $-5.49M | $7.38M | $545.69K | $5.95K | $- |
| Other Investing Activities | $176.00K | $- | $- | $- | $1.09M | $-1.09M | $-400.00K | $- | $-21.13M | $14.06M | $7.00M | $5.91M | $-3.54M | $1.77M | $1.77M | $2.46M | $7.38M | $11.33K | $5.95K | $110.00K |
| Net Cash Used for Investing Activities | $-17.33M | $-6.19M | $-474.41K | $-58.36M | $-60.16K | $-8.23M | $-2.50M | $1.95M | $-20.25M | $3.80M | $-4.11M | $-43.68M | $-108.46K | $1.77M | $1.08M | $8.80M | $-169.37K | $-10.69M | $5.95K | $-916.17K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.28M | $- | $- | $659.37K | $116.77K | $- |
| Common Stock Issued | $51.44M | $41.62M | $38.65M | $30.88M | $16.26M | $6.68M | $- | $- | $- | $- | $- | $75.98M | $4.69M | $29.83M | $- | $-14.55M | $17.20M | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $-76.82K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $-800.00K | $- | $- | $-800.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $- | $- | $- | $2.55K | $- | $- | $-76.82K | $- | $21.01M | $-2.22M | $-4.29M | $- | $28.54M | $- | $-128.53K | $-10.80M | $12.76M | $- | $- |
| Net Cash Used Provided by Financing Activities | $51.44M | $41.62M | $38.65M | $30.08M | $16.26M | $6.68M | $-800.00K | $-76.82K | $- | $21.01M | $-2.22M | $71.68M | $4.69M | $28.54M | $1.28M | $-14.68M | $6.40M | $13.42M | $116.77K | $- |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $14.66K | $- | $-1 | $1 | $- |
| Net Change in Cash | $44.16M | $25.93M | $17.31M | $-3.95M | $2.29M | $-9.39M | $-4.78M | $424.98K | $-12.03M | $16.21M | $-12.99M | $15.94M | $-1.79M | $28.03M | $-177.57K | $-701.85K | $-1.39M | $1.89M | $454 | $14.66K |
| Cash at End of Period | $105.59M | $61.42M | $35.49M | $18.18M | $22.13M | $19.84M | $29.23M | $34.01M | $33.59M | $45.62M | $29.41M | $42.40M | $26.46M | $28.25M | $227.57K | $419.80K | $1.12M | $2.51M | $616.44K | $630.65K |
| Cash at Beginning of Period | $61.42M | $35.49M | $18.18M | $22.13M | $19.84M | $29.23M | $34.01M | $33.59M | $45.62M | $29.41M | $42.40M | $26.46M | $28.25M | $227.57K | $405.13K | $1.12M | $2.51M | $616.44K | $615.99K | $615.99K |
| Operating Cash Flow | $10.06M | $-9.50M | $-20.87M | $24.34M | $-13.91M | $-7.84M | $-1.48M | $-1.45M | $8.22M | $-8.60M | $-6.66M | $-12.07M | $-6.37M | $-2.28M | $-2.54M | $5.16M | $-7.62M | $-840.56K | $-122.26K | $-2.05M |
| Capital Expenditure | $-1.61M | $-5.09M | $-474.41K | $-58.36M | $-1.14M | $-7.14M | $-14.82K | $-47.69K | $24.77K | $-10.26M | $-11.05M | $-46.05M | $-108.46K | $- | $-686.54K | $14.29M | $-7.55M | $-11.24M | $- | $-916.17K |
| Free Cash Flow | $8.45M | $-14.59M | $-21.34M | $-34.02M | $-15.06M | $-14.98M | $-1.49M | $-1.50M | $8.24M | $-18.86M | $-17.72M | $-58.11M | $-6.48M | $-2.28M | $-3.22M | $19.45M | $-15.17M | $-12.09M | $-122.26K | $-2.97M |
Bit Digital Dividends
Explore Bit Digital's dividend history, including dividend yield, payout ratio, and historical payments.
Bit Digital News
Read the latest news about Bit Digital, including recent articles, headlines, and updates.
Bit Digital data center pipeline growth has analysts bullish
Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Research, who remain bullish on the Bitcoin mining and high performance computing (HPC) firm following the release of its fiscal 2024 financial report. “The 2024 fiscal year was transformative for Bit Digital, as the company expanded into the colocation business with the acquisition of Enovum,” Noble's analysts wrote in a note to clients.
Bit Digital: A Capital Allocation Change Is Needed
Bit Digital's revenue surged 140% YoY in 2024, driven by a strategic pivot to Cloud and Colocation Services, now its largest revenue segment. Despite the growth, Bit Digital's operations showed a $28.1 million loss without unrealized crypto gains, highlighting dependency on digital asset valuation. The balance sheet is strong with no debt and high liquidity, but heavy reliance on ETH has been a significant drag on asset value.
Bit Digital, Inc. (BTBT) Q4 2024 Earnings Call Transcript
Bit Digital, Inc. (NASDAQ:BTBT ) Q4 2024 Earnings Conference Call March 14, 2025 8:30 AM ET Company Participants Cameron Schnier - Head of IR Samir Tabar - CEO Erke Huang - CFO Ben Lamson - Head of Revenue, WhiteFiber Billy Krassakopoulos - CEO, Enovum Conference Call Participants Mike Grondahl - Northland Securities Nick Giles - B. Riley Securities George Sutton - Craig-Hallum Kevin Dede - H.C.
Bit Digital sees revenue surge as HPC business expands
Bit Digital Inc (NASDAQ:BTBT) has announced its financial results for 2024, highlighting significant revenue growth driven by its high-performance computing (HPC) business. The company reported total revenue of $108.1 million, marking a 141% increase from the prior year.
Bit Digital, Inc. Announces Fiscal Year 2024 Financial Results
NEW YORK , March 14, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York City, today announced its financial results for Fiscal Year 2024. In conjunction with the Company's transition to domestic filer status, Bit Digital filed its Form 10K report with the U.S. Securities and Exchange Commission ("SEC") on March 14, 2025.
Bit Digital, Inc. Announces Date for Fiscal Year 2024 Financial Results and Conference Call
NEW YORK , March 7, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that it will release its Fiscal Year 2024 results on Friday, March 14, 2025, before the stock market opens. Senior management will host a live webcast and conference call to review that day at 10:00 a.m.
Wall Street Bulls Look Optimistic About Bit Digital (BTBT): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Bit Digital secures AI colocation deal through HPC business WhiteFiber
Bit Digital Inc (NASDAQ:BTBT) announced it has signed a colocation agreement with a major AI hardware company through its rebranded high-performance computing (HPC) division WhiteFiber. The five-year contract covers 5 MW of built-to-suit data center infrastructure and will be fulfilled at a data center within WhiteFiber's Enovum Data Centers pipeline.
Bit Digital, Inc. Secures New Multi-Year Colocation Agreement with a Leader in AI Hardware
NEW YORK , Feb. 10, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") announced today that it has secured a colocation contract with a leading AI hardware innovator. The agreement will be executed through WhiteFiber, Inc. ("WhiteFiber"), the Company's newly rebranded HPC business, which includes cloud services and its data center platform, Enovum Data Centers Corp. ("Enovum").
Bit Digital, Inc. Announces Monthly Production Update for January 2025
NEW YORK , Feb. 7, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of January 2025. Corporate Highlights for January 2025 The Company earned approximately $4.9 million of total unaudited HPC revenue[1] during the month of January 2025.
Bit Digital rebrands HPC business to WhiteFiber
Bit Digital Inc (NASDAQ:BTBT) announced that it has rebranded its high-performance computing (HPC) business, including its GPU cloud business, HPC data center business and Enovum Data Centers, as WhiteFiber. CEO Sam Tabar said the rebrand establishes a “distinct identity” for the company's HPC business.
Bit Digital, Inc. Announces Strategic Rebranding of its HPC Business to WhiteFiber
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") announced today that it has officially rebranded its HPC business as WhiteFiber, Inc. ("WhiteFiber"). WhiteFiber encompasses the Company's GPU Cloud business and its HPC data center business, Enovum Data Centers ("Enovum").
Bit Digital Is A Buy On DeepSeek Weakness
Bit Digital (BTBT) is near key support at $2.90, presenting a potential buying opportunity despite recent tech stock declines. The company's transition from Bitcoin mining to scalable computing models offers better margins and predictable results, along with rapid revenue growth. Bit Digital's strong balance sheet, with significant liquidity and no debt, supports its ambitious expansion plans in the data center business.
Bit Digital strengthens anchor HPC client relationship with new GPU agreement
Bit Digital Inc (NASDAQ:BTBT) has returned a repeat ‘Outperform' rating from Noble Capital Markets analysts after it announced a new agreement with its anchor customer in the GPU cloud part of its HPC business. The analysts see the new agreement as representing an expanded relationship between Bit Digital and its anchor client.
Bit Digital strengthens GPU cloud business with new customer agreement
Bit Digital Inc (NASDAQ:BTBT) has entered into a new agreement with a key customer to provide 464 Nvidia B200 GPUs. The arrangement replaces a previous agreement for 2,048 H100 GPUs, and the company said it remains in discussions with the customer regarding additional GPU contracts for 2025.
Bit Digital, Inc. Secures New B200 GPU Contract with Key Customer
NEW YORK , Jan. 24, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, today announced a new agreement with a key customer for 464 Nvidia B200 GPUs, expanding its GPU Cloud business. This new agreement replaces a prior agreement whereby the Company was to provide the customer with an incremental 2,048 H100 GPUs and the Company continues to explore additional GPU contracts with this customer for 2025.
Bit Digital achieves strong GPU cloud revenue, expands data center footprint in December
Bit Digital Inc (NASDAQ:BTBT), which offers high-performance computing (HPC) infrastructure and digital asset production, has reported strong results for December 2024, including strong GPU Cloud revenue and progress in expanding its HPC data center footprint. The company said it had 266 servers, comprising 2,128 GPUs, actively generating revenue from its Bit Digital AI contracts.
Bit Digital, Inc. Announces Monthly Production Update for December 2024
NEW YORK , Jan. 8, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of December 2024. Corporate Highlights for December 2024 The Company had 266 servers (2,128 GPUs) actively generating revenue from its Bit Digital AI contracts, as of December 31, 2024.
Bit Digital completes transition to domestic issuer status in the US
Bit Digital Inc (NASDAQ:BTBT) announced that it has transitioned to domestic issuer status from foreign private issuer status under US securities regulations. The company, a global leader in high-performance computing (HPC) infrastructure and digital asset production, said the transition marks a significant step in its growth trajectory, streamlining its regulatory compliance framework while reinforcing its commitment to shareholder trust.
Bit Digital, Inc. Completes Transition from Foreign Private Issuer Status to Domestic Filer Status
NEW YORK , Jan. 6, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that as of January 1, 2025, it officially transitioned to domestic issuer status under U.S. securities regulations. The change reflects the Company's commitment to transparency, operational growth, U.S. market expectations, and streamlines its regulatory compliance framework.
Bit Digital's prioritization of high-quality revenue opportunities praised by analysts
Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after the firm earlier this week announced the execution of a Master Services Agreement (MSA) with an AI Compute Fund managed by NDA Holdings Venture. The two-year contract provides for 576 Nvidia H200 GPUs, representing a total revenue opportunity of $20.2 million.
Bit Digital partners with AI Compute Fund on GPU deployment
Bit Digital Inc (NASDAQ:BTBT) announced that it has signed a Master Services Agreement with a new client, the AI Compute Fund managed by DNA Holdings Venture Inc. The agreement includes the provision of 576 Nvidia H200 GPUs over a two-year term, representing a potential revenue of approximately $20.2 million.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for BTBT.