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Bit Digital (BTBT) Turns Its Ethereum Stash Into a Lending Machine
Insider Monkey14d agoneutral
Bit Digital (BTBT) Turns Its Ethereum Stash Into a Lending Machine

On August 13, Bit Digital (NASDAQ:BTBT) reported second-quarter revenue of $32.1 million, up 15% from the prior quarter, while narrowing its net loss to $107.2 million from $146.7 million. But the more interesting move buried in the release wasn’t a growth number. It was how the company chose to fund WhiteFiber’s newest data center: by […]

Bit Digital Q2 Earnings Call Highlights
MarketBeat42d agoneutral
Bit Digital Q2 Earnings Call Highlights

Bit Digital (NASDAQ:BTBT) reported second-quarter revenue of $32.1 million, up 15% sequentially, as cloud services growth helped offset lower Ethereum staking and bitcoin mining revenue. The company also outlined a capital-allocation strategy centered on its Ethereum holdings and its majority intere

Bit Digital revenue rises as cloud services drive growth
Proactive42d agoneutral
Bit Digital revenue rises as cloud services drive growth

Bit Digital Inc (NASDAQ:BTBT) saw its revenue grew 15% from the prior quarter thanks to the strength of its cloud services. The company posted total revenue of $32.1 million for the quarter, with cloud services revenue climbing 42% sequentially on new and expanded contracts. Net loss...

Wall Street to mark time ahead of producer prices print
Proactive42d agoneutral
Wall Street to mark time ahead of producer prices print

US stock futures were barely moving on Thursday morning, with contracts on the Dow Jones Industrial Average, S&P 500 and Nasdaq-100 all sitting just above the flat line after a quiet session on Wall Street. Attention turns to the Producer Price Index, which measures prices from the...