Bit Digital, Inc. (BTBT) closed the latest trading day at $2.11, indicating a +1.93% change from the previous session's end. This change outpaced the S&P 500's 1.47% gain on the day. Elsewhere, the Dow saw an upswing of 1.39%, while the tech-heavy Nasdaq appreciated by 1.51%.The company's stock has climbed by 5.08% in the past month, exceeding the Business Services sector's loss of 1.38% and the S&P 500's loss of 0.47%.The investment community will be paying close attention to the earnings performance of Bi ...

Bit Digital, Inc. (BTBT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -11.4%, compared to the Zacks S&P 500 composite's -0.7% change. During this period, the Zacks Technology Services industry, which Bit Digital falls in, has gained 0.1%. The key question now is: What could be the stock's future direction ...

Company Performance - Bit Digital, Inc. (BTBT) closed at $2.11, reflecting a +0.96% change from the previous day, outperforming the S&P 500's gain of 0.06% [1] - The stock has decreased by 0.48% over the past month, contributing to a 4.91% loss in the Business Services sector and a 4.29% loss in the S&P 500 [1] Upcoming Earnings - The upcoming earnings release is highly anticipated, with projected EPS at -$0.06, indicating a 300% decline compared to the same quarter last year [2] - Revenue is estimated at $24.18 million, representing a 20.16% decrease from the equivalent quarter last year [2] Full Year Projections - For the full year, earnings are projected at -$0.02 per share and revenue at $157.96 million, showing increases of +92.86% and +46.19% respectively from the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for the company's business [3] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 58, placing it in the top 24% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [6]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Bit Digital, Inc. (BTBT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bit Digital currently has an average brokerage recomme ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

In the latest market close, Bit Digital, Inc. (BTBT) reached $1.85, with no movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.79%. On the other hand, the Dow registered a gain of 0.78%, and the technology-centric Nasdaq increased by 0.64%.Coming into today, shares of the company had lost 24.18% in the past month. In that same time, the Business Services sector lost 2.73%, while the S&P 500 lost 3.56%.The investment community will be closely monitoring th ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Bit Digital has secured a new data center site in Saint-Jérôme, Québec, to support a 5MW colocation agreement with Cerebras Systems, a leader in generative AI infrastructure [1][4] - The facility will cover approximately 202,000 square feet on 7.7 acres and is designed for current contracted capacity with potential for future expansion [2] - The project will be delivered through WhiteFiber, Bit Digital's high-performance computing platform, with development costs estimated at CAD $55 million (approximately $40 million USD) and a targeted go-live date of July 2025 [3] Company Strategy - The CEO of Bit Digital emphasized that this milestone reflects the company's strategy to deliver purpose-built AI infrastructure at scale, highlighting speed to market as a key differentiator [4] - The partnership with Cerebras is expected to enhance Bit Digital's data center footprint in the greater Montréal region, which is emerging as a hub for AI innovation [4] Financial Structure - The transaction for the new data center was executed under a lease-to-own structure, including a fixed-price purchase option that can be exercised within 12 months [2] - The lease term is set for 20 years, with two options for 5-year extensions [2] Infrastructure Development - The facility is being retrofitted to Tier 3 standards, ensuring high reliability and performance for AI infrastructure [3] - Cerebras has contracted for 5MW of built-to-suit infrastructure under a five-year colocation agreement, with a right of first refusal for any additional capacity [4]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: "We ...