Bitcoin mining company Bit Digital (BTBT, Financial) saw its stock rise by 5.10%, reaching $4.08 per share. The trading volume stood at approximately 7.95 million shares, with a turnover rate of 5.38% and a price fluctuation of 5.41%.
In recent financial reports, Bit Digital recorded a revenue of $28.95 million, a net loss of $11.95 million, and an earnings per share of -$0.09. The company also reported a gross profit of $5.45 million, with a price-to-earnings ratio of 19.36. Analysts are optimistic, with all four participating institutions recommending a buy, and no hold or sell suggestions.
In the broader capital market sector, the overall growth was noted at 0.86%. Among related stocks, Lion Group Holding Ltd and others showed significant gains, while companies like Netcapital Inc. and Tiger Brokers were notably active with high turnover rates. The most volatile stocks included Lion Group Holding Ltd and Griid Infrastructure Inc., experiencing substantial price swings.
Bit Digital focuses on Bitcoin mining, Ethereum staking, and specialized cloud infrastructure services for AI applications. The company's primary goal is to accumulate Bitcoin, selling them for fiat currency based on favorable market conditions. Revenue is generated through digital asset mining and Ethereum staking.
