Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BIT DIGITAL, INC.

(BTBT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Bit Digital Shares Rise 30% After Bitcoin Mining Deal With Digihost

07/26/2021 | 10:47am EDT

By Chris Wack

Bit Digital Inc. shares were up 30% to $5.52 after the company said it and Digihost Technology Inc. have entered into a second strategic co-mining agreement where Digihost will provide certain premises to Bit Digital for the operation of a 100 megawatt bitcoin-mining system for a term of two years.

Volume for the stock was 26.3 million shares at 12:25 p.m. ET, compared to its 65-day average volume of 2.2 million shares. The stock hit its 52-week high of $33 on Jan. 4.

Bit Digital said the expanded collaboration is expected to enable an additional increase in hashrate of 2 exahashes between the companies, and a total increase in hashrate between the two companies of 2.4 EH including the initial collaboration agreement that was previously reported June 10.

Digihost would provide power and management services for the operation of the miners. In consideration for these services, after paying Digihost a competitive rate for power, Digihost and Bit Digital would participate in a profit-sharing arrangement based on a fixed distribution formula. It is expected that the miners would be delivered and installed beginning in January 2022.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

07-26-21 1247ET

Stocks mentioned in the article
ChangeLast1st jan.
BIT DIGITAL, INC. 4.86% 11.22 Delayed Quote.-48.79%
DIGIHOST TECHNOLOGY INC. 0.50% 2.02 Delayed Quote.104.04%
All news about BIT DIGITAL, INC.
10/12BIT DIGITAL : to Buy Bitcoin Mining Hardware From Bitmain; Shares Sink
MT
10/12BIT DIGITAL : to Buy Bitcoin Mining Hardware From Bitmain
MT
10/12BIT DIGITAL : Announces Agreements to Purchase 10,000 Antminers from Bitmain
PR
10/12BIT DIGITAL : Remarks by Bryan Bullet, Chief Executive Officer - Form 6-K
PU
10/07Bit Digital, Inc. announced that it has received $80.000017 million in funding
CI
10/06BIT DIGITAL : Shares Jump 14% After Closing on $80 Million Private Placement
MT
10/05BIT DIGITAL : Raises $80 Million From Private Placement - Shares Surge
MT
10/05BIT DIGITAL : Announces Closing of $80 Million Private Placement
PR
09/30BIT DIGITAL : Announces $80 Million Private Placement (Form 6-K)
PU
09/30BIT DIGITAL : to Sell $80 Million Securities in Private Placement; Stock Slides
MT
More news
Analyst Recommendations on BIT DIGITAL, INC.
More recommendations
Financials (USD)
Sales 2021 122 M - -
Net income 2021 62,0 M - -
Net Debt 2021 - - -
P/E ratio 2021 8,98x
Yield 2021 -
Capitalization 778 M 778 M -
Capi. / Sales 2021 6,39x
Capi. / Sales 2022 7,78x
Nbr of Employees 6
Free-Float 79,6%
Chart BIT DIGITAL, INC.
Duration : Period :
Bit Digital, Inc. Technical Analysis Chart | BTBT | KYG1144A1058 | MarketScreener
Technical analysis trends BIT DIGITAL, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 11,22 $
Average target price 14,00 $
Spread / Average Target 24,8%
EPS Revisions
Managers and Directors
Bryan Bullett Chief Executive Officer
Erke Huang Chief Financial Officer & Director
Zhaohui Deng Chairman
Min Hu Independent Director
Xiong Yan Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BIT DIGITAL, INC.-48.79%778
MARATHON DIGITAL HOLDINGS, INC.368.30%4 871
RIOT BLOCKCHAIN, INC.63.92%2 672
ARGO BLOCKCHAIN PLC263.64%771