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Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) Analysis
27.10.2024
Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks? Analyzing Bit Digital’s (BTBT) Approach...
Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid
20.8.2024
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing...
Bitcoin Miner Bit Digital Diversifies Into AI for 'Substantially Higher Margin' Than Mining
23.10.2023
The firm is looking for a "reliable income stream ... that is uncorrelated to bitcoin prices."
Crypto Trading Firm Auros Secures $17M Investment as It Recovers From FTX Woes
21.3.2023
Auros Global, the trading firm that reportedly lost $20 million on FTX’s implosion, was released from provisional liquidation of British Virgin Island court after major debt restructuring and a fresh $17 million investment led by TradFi trading firm Vivienne Court and bitcoin miner Bit Digital
City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining
11.10.2022
The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances
Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner
9.12.2021
The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s...
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
Bitcoin Mining Firm Bit Digital Removes CEO; Chairwoman Resigns
3.2.2021
The changes come amid an ongoing class-action lawsuit against the mining company
Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
24.1.2021
A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business...
Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations
22.1.2021
Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations
Bitcoin Miner Bit Digital Hits Back at ‘False Accusations’ of Fraud
20.1.2021
The company shed $130 million in value after J Capital’s report
Bitcoin Miner Bit Digital Passes $1B Market Cap
11.1.2021
The company had a total value of $6.2 million a year ago
Bit Digital Completes $13.9M Deal for New Mining Machines
7.12.2020
The company acquired nearly 18,000 new ASICs in an all-stock transaction
Listed firm sells $14M of shares for 1 EH/s in Bitcoin mining power
12.11.2020
A U.S.-based mining firm has inked agreements with foreign investors to issue $13.9 million in shares in exchange for Bitcoin miners pushing 1 EH/s in hash power