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Bit Digital Inc (NASDAQ:BTBT) earlier this week highlighted significant growth in its Q3 2024 financial results, reporting a 96% increase in revenue. The company attributed this growth to the success of its high-performance computing (HPC) business, a new line launched earlier this year.

Bit Digital, Inc. (NASDAQ:BTBT ) Q3 2024 Earnings Conference Call November 18, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Billy Krassakopoulos - CEO, Enovum Conference Call Participants Mike Grondahl - Northland Kevin Dede - H.C. Wainwright & Co. Brian Dobson - Clear Street Joshua Zoepfel - Noble Capital Operator Hello, and welcome to the...

Bit Digital Inc (NASDAQ:BTBT) reported a significant year-over-year increase in revenue for the third quarter driven by the expansion of its high-performance computing (HPC) business. Total revenue increased 96% to $22.7 million, with HPC contributing $12.2 million.

Bitcoin price retreats after attempting to rebound to record highs from last week. Miner Bit Digital sees losses widen.

NEW YORK , Nov. 18, 2024 /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 unaudited financial results for the Third Quarter ended September 30, 2024. Financial Highlights for the Third Quarter of 2024                Total reven...

Bit Digital's pivot to AI and HPC infrastructure has significantly boosted revenues, offsetting Bitcoin mining declines due to the halving event. The company maintains strong financial health with $59 million in cash reserves and minimal debt, despite share dilution from equity issuance for AI expansion. Q3 earnings will be crucial to assess AI revenue growth and its impact on overall profitabi...

NEW YORK , Nov. 11, 2024 /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 Third Quarter 2024 results on Monday, November 18, 2024, before the stock market opens. Senior management will host a li...

Bit Digital Inc (NASDAQ:BTBT) reported growth in both digital asset production and revenue from AI services during the month of October. The company generated approximately $4.3 million in revenue from its initial AI contract, supported by 256 active servers dedicated to HPC services as of October 31, 2024.