Where Bitcoin and Artificial Intelligence Meet [BNN Bloomberg (Canada)]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: BNN Bloomberg
Once it occurs—perhaps as soon as this month—the reward every miner receives for mining the digital asset is immediately cut in half. “There will be a day when miners come to work and they mine roughly half the number of Bitcoin they mined the day before,” says Tyler Page, chief executive of Cipher Mining Technologies Inc. “The halving is a natural phenomenon in Bitcoin that disciplines the entire market and forces it to become more efficient.” As it turns out, each time it's happened in the past, Bitcoin prices eventually hit a new record. Still, the event comes as some miners are looking for a hedge—specifically by branching out into artificial intelligence. In the mini-documentary Where Bitcoin and AI Meet, Bloomberg Originals explains how the two hottest technologies of the 21st century are coming together. Mining Bitcoin comes with some very high overhead. “The technology runs like a hamster wheel” says Sam Tabar, CEO of Bit Digital. “You constantly have to update your fleet
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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 Miners Are Set for a Coiled Spring Rally [Yahoo! Finance]Yahoo! Finance
- Bitcoin briefly slides to below $60K level for first time since early March [Seeking Alpha]Seeking Alpha
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