Bit DigitalBTBT
BTBT
About: Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries.. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from digital asset mining and ETH staking business.
Employees: 24
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
62% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 26
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
27% more call options, than puts
Call options by funds: $14.1M | Put options by funds: $11.1M
8% more funds holding
Funds holding: 106 [Q2] → 114 (+8) [Q3]
7% more capital invested
Capital invested by funds: $178M [Q2] → $191M (+$13.1M) [Q3]
6.84% less ownership
Funds ownership: 46.19% [Q2] → 39.34% (-6.84%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
77%
upside
Avg. target
$6.50
92%
upside
High target
$7
106%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede 52% 1-year accuracy 31 / 60 met price target | 106%upside $7 | Buy Reiterated | 19 Nov 2024 |
B. Riley Securities Nick Giles 50% 1-year accuracy 1 / 2 met price target | 77%upside $6 | Buy Initiated | 24 Oct 2024 |
Financial journalist opinion
Based on 11 articles about BTBT published over the past 30 days
Positive
Proactive Investors
6 days ago
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.
Neutral
PRNewsWire
6 days ago
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.
Positive
Proactive Investors
1 week ago
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.
Neutral
PRNewsWire
1 week ago
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.
Positive
Proactive Investors
1 week ago
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.
Positive
Zacks Investment Research
1 week ago
Investors Heavily Search Bit Digital, Inc. (BTBT): Here is What You Need to Know
Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Positive
Investors Business Daily
1 week ago
Bitcoin Set For 'Significant Bull Market,' Analyst Targets $225,000
Bitcoin and cryptocurrency miners are set for a major bull market after notching a record year for 2024, H.C. Wainwright writes.
Positive
Proactive Investors
2 weeks ago
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.
Neutral
PRNewsWire
2 weeks ago
Bit Digital, Inc. Executes MSA for 576 H200 GPU Deal with DNA AI Compute Fund
NEW YORK , Dec. 31, 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 has executed an MSA with a new client, an AI Compute Fund managed by DNA Holdings Venture Inc., which provides for 576 Nvidia H200 GPUs over a two-year term. The contract represents an aggregate revenue opportunity of approximately $20.2 million for Bit Digital and is expected to commence in February 2025.
Positive
Proactive Investors
2 weeks ago
Bit Digital expands data center footprint with 5MW Tier-3 facility in Montreal
Bit Digital Inc (NASDAQ:BTBT) announced that it has acquired real estate and a building in Montreal, Canada, for a 5MW Tier-3 data center expansion project. The acquisition, valued at C$33.5 million (US$23.3 million), was finalized on December 27, 2024, and funded initially with cash on hand.
Charts implemented using Lightweight Charts™