Bitcoin Miners Are Set for a Coiled Spring Rally [Yahoo! Finance]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Yahoo! Finance
I am pleased to see close-to-record highs in daily revenues as we approach the fourth halving, predicted around April 19. Pleased because it reflects the business success of an industry that presently is running close to a $26.1 billion run rate (365 times daily revenues of $71.6 million). As one of the most substantial investors in the space, with almost $100 million allocated in our portfolio, the outcome of how this business is financed and valued is important to us. Despite the optimism expressed by investors, we can understand why miners and investors are facing the halving with trepidation. We would also like to point out that 1st quarter profitable financials results expected by some of the miners seem more than discounted at current levels. Many mining stocks could be looking at forward-EV/EBITDA multiples in the very low single digits versus 2024 and 2025. Of course, any single digit multiple assumed on valuation metrics must assume a Bitcoin price of between $70,000 to $
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News
- Why Bit Digital, Inc. (BTBT) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. (BTBT) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. (BTBT) Stock Moves -0.55%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Bitcoin briefly slides to below $60K level for first time since early March [Seeking Alpha]Seeking Alpha
- Wall Street Analysts See Bit Digital (BTBT) as a Buy: Should You Invest? [Yahoo! Finance]Yahoo! Finance
BTBT
Sec Filings
- 4/5/24 - Form EFFECT
- 3/25/24 - Form POS
- 3/21/24 - Form RW
- BTBT's page on the SEC website