| Market Capitalization (Millions $) |
453 |
| Shares
Outstanding (Millions) |
326 |
| Employees |
104 |
| Revenues (TTM) (Millions $) |
111 |
| Net Income (TTM) (Millions $) |
-382 |
| Cash Flow (TTM) (Millions $) |
-39 |
| Capital Exp. (TTM) (Millions $) |
446 |
Business Description
Bit Digital Inc is a publicly-traded company in the United States that operates in the cryptocurrency mining space. It was founded in 2015 by Hong Yu, a Chinese entrepreneur, and has its headquarters in New York City. The company is focused on hosting bitcoin mining machines in North America, as well as the production and development of digital assets.
Bit Digital has its mining operations in the United States and Canada, with a total hash rate capacity of approximately 2,474,000 Th/s. The company has also formed strategic partnerships with third-party mining farms to increase its mining capacity. Bit Digital's mining operations are powered by clean energy sources, such as hydropower and solar energy, which demonstrate the company's commitment to sustainability.
The company offers a range of mining services and solutions, including hosting facilities, cloud mining, and consulting services. Its hosting facilities provide miners with secure and reliable hosting for their machines, while the cloud mining allows users to mine cryptocurrency without the need for physical equipment. Additionally, Bit Digital also offers consulting services to help clients navigate the cryptocurrency mining industry.
Bit Digital has expanded into the digital asset production and development space, where it has plans to produce and distribute digital assets through partnerships with strategic industry players. The company also plans to continue to expand its mining operations, as well as invest in new technology and mining equipment.
Bit Digital trades on the NASDAQ under the symbol "BTBT" and has a market capitalization of approximately $1.7 billion (as of August 2021). The company has seen significant growth in its stock price over the last year, driven by the increasing demand for cryptocurrency mining and the growth of the overall cryptocurrency market. Despite some regulatory uncertainty in the cryptocurrency market, Bit Digital's strong financials and expertise in the industry positions them well for continued success in the emerging cryptocurrency landscape.
Company Address: 31 Hudson Yards New York 10001 NY
Company Phone Number: 463-5121 Stock Exchange / Ticker: NASDAQ BTBT
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