Why Shares of Bit Digital Stock Were Rising This Week [Yahoo! Finance]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Yahoo! Finance
Market Intelligence . The cryptocurrency miner and now artificial intelligence (AI) company posted earnings for the fourth quarter. However, the business is still burning tons of cash and heavily diluting shareholders. Here's why shares of Bit Digital are rising, and what it means for investors. More cryptocurrency mining, and now AI Bit Digital is a cryptocurrency miner . This means it takes computers and electricity to earn digital currencies like Bitcoin that can sit on its balance sheet. The input costs depend on how expensive electricity is, but the output is determined by the price of Bitcoin. Bitcoin has begun to soar in recent months, nearing all-time highs. According to the company's balance sheet, Bit Digital now has over $40 million in digital currencies, up from $27.6 million last year. This is not a monumental sum of cryptocurrencies, but the company is betting on the narrative out there that prices will keep rising. It has minimal debt and raises money by selling
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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