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. (BTBT) closed at $2.45 in the latest trading session, marking a +1.66% move from the prior day.
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?
The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3, representing a +0.67% change from its previous close.
Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar joined Proactive to discuss the company's latest developments. He highlighted a major AI data center contract and the rebranding of its HPC business under the WhiteFiber brand.
In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.06, indicating a -0.97% shift from the previous trading day.
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 (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.
The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3.18, representing a +0.95% change from its previous close.
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 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 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.