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Latest BTBT News From Around the Web
Below are the latest news stories about BIT DIGITAL INC that investors may wish to consider to help them evaluate BTBT as an investment opportunity.
All crypto miners are not 'created equal': AnalystAs cryptocurrency regulation is expected to ease under the incoming Trump administration, Clear Street senior research analyst Brian Dobson joins Market Domination to analyze crypto mining prospects for 2025. "Not all miners are created equal," Dobson tells Yahoo Finance. He distinguishes between two types: those capable of pivoting to high-performance computing, and efficient operators focused on balance-sheet management. Dobson identifies CleanSpark (CLSK.MX, CLSK) as a leading player in the crypto mining sector, citing its "best-in-class management team, very efficient mining fleet," and strong EBITDA generation potential. Looking ahead to the new administration, Dobson anticipates the Securities and Exchange Commission might approve in-kind exchanges, enabling bitcoin (BTC-USD) mine... |
Bit Digital acquires another site for Tier-3 data center expansionBit Digital (BTBT) announced that is has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project in Montreal, Canada. This acquisition is part of Bit Digital’s strategy to expand its HPC data center footprint to 32MW during 2025. This site also comprises part of Bit Digital’s 288MW proprietary pipeline announced earlier this year. Bit Digital purchased the site for CAD $33.5 million. Published first on TheFly – the ultimate source for real-time, market- |
High Growth Tech Stocks to Watch in December 2024The United States market has experienced a flat performance over the last week but has seen an impressive 32% increase over the past year, with earnings projected to grow by 15% annually in the coming years. In this environment, identifying high growth tech stocks involves focusing on companies that demonstrate strong potential for innovation and scalability, aligning well with these optimistic growth expectations. |
Crypto miners double down on AI hosting for more reliable cash flowThe all-out search for electricity to sustain the insatiable appetite for artificial intelligence is providing a lift to another industry with considerable energy usage: crypto mining. |
Bit Digital, Inc.'s (NASDAQ:BTBT) Path To ProfitabilityBit Digital, Inc. ( NASDAQ:BTBT ) is possibly approaching a major achievement in its business, so we would like to... |
Bit Digital Inc (BTBT) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst ChallengesBit Digital Inc (BTBT) reports a 96% revenue surge driven by HPC services, while facing hurdles in its mining operations. |
Why crypto miners are selling power for AI data centersAs Big Tech companies look for power sources for their artificial intelligence (AI) data centers, they turn to crypto miners. Both crypto and AI are power-intensive, demanding a significant amount of energy. Yahoo Finance's Akiko Fujita breaks down why bitcoin (BTC-USD) miners, like Hut 8 Mining (HUT), Hive Blockchain (HIVE), Bit Digital (BTBT), and Riot (RIOT), are selling existing power to AI hyperscalers. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. |
Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100kCryptocurrency prices continued rallying Friday, with bitcoin hitting a new record high above $77,00 as the U.S. election registered a broad victory for Republicans. Ahead of the voting, analysts had generally expected the price of bitcoin to rally regardless of the election's outcome. Bitcoin spiked Friday afternoon to a new record of $77,252 according to CoinMarketCap, continuing to notch new highs throughout the week. |
Investors Shouldn't Be Too Comfortable With Bit Digital's (NASDAQ:BTBT) EarningsUnsurprisingly, Bit Digital, Inc.'s ( NASDAQ:BTBT ) stock price was strong on the back of its healthy earnings report... |
Bit Digital Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsBit Digital ( NASDAQ:BTBT ) Second Quarter 2024 Results Key Financial Results Revenue: US$29.0m (up 220% from 2Q 2023... |