After the Halving, Could These Under-the-Radar Bitcoin Mining Stocks Have a New Multimillion-Dollar Market Opportunity in Artificial Intelligence? [Yahoo! Finance]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Yahoo! Finance
And they should be given the past historical track record of halving events leading to massive bull market rallies for Bitcoin. But don't ignore what's happening with the Bitcoin miners . The halving has a significant impact on their business models given that it cuts their mining rewards in half. To make up that shortfall, they are going to have to explore new options, and one that everyone is talking about right now is artificial intelligence . So just how big is this AI opportunity for Bitcoin miners? Companies shift from mining to AI The shift from Bitcoin mining to AI computing might seem like a giant leap, but it's really not. Bitcoin miners already use a tremendous amount of computing power to solve the cryptographic puzzles required to mine Bitcoin. After the halving, they will attempt to shift some of that computing power to higher-margin AI computing. According to billionaire Mark Cuban, these miners really have no other choice. The halving will significantly reduce
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News
- Bit Digital, Inc. (NASDAQ: BTBT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $5.00 price target on the stock.MarketBeat
- Bit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial ResultsPR Newswire
- Bit Digital (BTBT) Set to Report Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- 15 Biggest Publicly Traded Bitcoin Companies [Yahoo! Finance]Yahoo! Finance
BTBT
Earnings
- 5/15/24 - Beat
BTBT
Sec Filings
- 5/15/24 - Form 6-K
- 5/8/24 - Form CT
- 4/5/24 - Form EFFECT
- BTBT's page on the SEC website