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Bit Digital (BTBT) Turns Its Ethereum Stash Into a Lending Machine
Insider Monkey9d agoneutral
Bit Digital (BTBT) Turns Its Ethereum Stash Into a Lending Machine

On August 13, Bit Digital (NASDAQ:BTBT) reported second-quarter revenue of $32.1 million, up 15% from the prior quarter, while narrowing its net loss to $107.2 million from $146.7 million. But the more interesting move buried in the release wasn’t a growth number. It was how the company chose to fund WhiteFiber’s newest data center: by […]

Bit Digital Q2 Earnings Call Highlights
MarketBeat37d agoneutral
Bit Digital Q2 Earnings Call Highlights

Bit Digital (NASDAQ:BTBT) reported second-quarter revenue of $32.1 million, up 15% sequentially, as cloud services growth helped offset lower Ethereum staking and bitcoin mining revenue. The company also outlined a capital-allocation strategy centered on its Ethereum holdings and its majority intere

Bit Digital revenue rises as cloud services drive growth
Proactive37d agoneutral
Bit Digital revenue rises as cloud services drive growth

Bit Digital Inc (NASDAQ:BTBT) saw its revenue grew 15% from the prior quarter thanks to the strength of its cloud services. The company posted total revenue of $32.1 million for the quarter, with cloud services revenue climbing 42% sequentially on new and expanded contracts. Net loss...

Wall Street to mark time ahead of producer prices print
Proactive37d agoneutral
Wall Street to mark time ahead of producer prices print

US stock futures were barely moving on Thursday morning, with contracts on the Dow Jones Industrial Average, S&P 500 and Nasdaq-100 all sitting just above the flat line after a quiet session on Wall Street. Attention turns to the Producer Price Index, which measures prices from the...

This Is What Barclays Wants You to Know About Bit Digital, Inc (BTBT)
Insider Monkey84d agoneutral
This Is What Barclays Wants You to Know About Bit Digital, Inc (BTBT)

Bit Digital, Inc (NASDAQ:BTBT) is one of the best AI stocks under $10 to buy now. Bit Digital shares have soared 20% over the past month, and analysts see the stock surging 120% over the next 12 months. Some 19 hedge funds are backing Bit Digital stock. On June 9, Barclays identified Bit Digital, Inc […]

Bit Digital (BTBT) Faces Cautious Earnings Outlook But What Does It Mean For Its Ethereum Strategy?
Simply Wall St.106d agoneutral
Bit Digital (BTBT) Faces Cautious Earnings Outlook But What Does It Mean For Its Ethereum Strategy?

In recent days, Bit Digital, Inc. has drawn heightened attention as investors react to analyst expectations of a quarterly loss and a Zacks Rank #5 (Strong Sell), signaling concerns about its near‑term earnings outlook. This surge in search interest highlights how quickly sentiment around digital-asset firms can shift when consensus points to weaker profitability ahead. Now, we’ll examine how this cautious earnings outlook and Strong Sell rating interact with Bit Digital’s existing...

WhiteFiber Lines Up $100 Million Debt And $160 Million AI Contract
Simply Wall St.106d agoneutral
WhiteFiber Lines Up $100 Million Debt And $160 Million AI Contract

WhiteFiber (NasdaqCM:WYFI) has secured a US$100 million delayed draw term loan facility backed by Bit Digital and B. Riley Securities. The company has also signed a five-year AI compute infrastructure agreement valued at more than US$160 million with an investment-grade technology customer. The funding is intended to support completion of a high-performance computing data center and broader growth plans. WhiteFiber focuses on high-performance computing infrastructure, an area that sits at...

WhiteFiber, Inc. (WYFI): Leopold Aschenbrenner Discloses New Bet
Insider Monkey112d agoneutral
WhiteFiber, Inc. (WYFI): Leopold Aschenbrenner Discloses New Bet

We just covered the From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and WhiteFiber, Inc. (NASDAQ:WYFI) ranks 24th on this list. WhiteFiber, Inc. (NASDAQ:WYFI) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings for […]