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Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion
5.5.2025
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a commission of up to 3% on shares sold. New Funding to Support Excursion Into High-Performance Computing...
Bitcoin miner Bit Digital acquires $53M facility as AI, HPC push continues
17.4.2025
Bitcoin mining company Bit Digital has acquired an industrial building in Madison, North Carolina, upping the ante in a business diversification strategy that includes strategic pivots into AI and high-performance computing. Bit Digital agreed to buy the property for $53.2 million through...
HPC Gold Rush Continues: Bitcoin Miner Bit Digital Secures Québec Site for Tier 3 Data Center
13.4.2025
Bit Digital, Inc. has secured a lease-to-own agreement for a 202,000-square-foot site in Saint-Jérôme, Québec, to develop a Tier 3 data center supporting its 5MW colocation contract with artificial intelligence (AI) infrastructure firm Cerebras Systems. Cerebras, Bit Digital Partner on Tier 3 Data...
AI Is Here, but That Doesn’t Mean Bitcoin Miners Are Finished: Blockspace
25.2.2025
Public bitcoin miners are rushing to build AI business lines, but there’s still room for their original mandate, says this investment bank analyst
Bit Digital’s Crypto Holdings Increase to 742 BTC and 27,624 ETH
9.1.2025
Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month. This...
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
Why Bit Digital Is Expanding Into Canada
5.8.2022
Bit Digital Chief Strategy Officer Samir Tabar joined CoinDesk TV’s “All About Bitcoin,” to discuss the mining company’s bid to increase hosting capacity in Canada
Bit Digital Production Slump Continued Into Q1, Strikes Deals With Coinmint, Riot to Increase Hashrate
22.6.2022
The bitcoin miner has struggled to recover its hashrate after moving its operations from China
3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire
20.5.2022
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks."
Bitcoin Miner Bit Digital Files to Raise Up to $500M in Equity
21.4.2022
The proceeds will be used for capital expenditures, buying new mining equipment and other potential acquisitions
Bit Digital Partners With BitMine to Host 7K ASIC Miners
5.4.2022
BitMine will store the machines in immersion coolers for greater efficiency
Bit Digital Has Deployed 39% Crypto Mining Rigs in North America
16.3.2022
The firm has shipped all of its machines out of China, but is waiting on hosting capacity to be completed
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...