BTBT - Bitcoin Mining Stock Bit Digital Is Moving Higher: What's Going On? | Benzinga
Bit Digital Inc (NASDAQ:BTBT) shares are trading higher. The bitcoin mining company announced that it received a customer proposal to expand its existing agreement for Bit Digital AI.
What Happened: Bit Digital said it received a proposal from an existing customer for Bit Digital AI to significantly expand the scope of its existing agreement by an additional 2,048 GPUs. The proposal would bring total GPUs under the agreement up to 4,096.
Bit Digital said it intends to accept the customer proposal, which will help the company continue moving towards its goal of reaching a $100 million annualized revenue run-rate for its Bit Digital AI business.
“We are pleased to announce another ...