BTBT - Bitcoin Mining Stock Bit Digital Jumps On Q1 Earnings: What You Need To Know | Benzinga
Shares of Bitcoin (CRYPTO: BTC) miner Bit Digital Inc (NASDAQ:BTBT) are moving higher in Wednesday’s after-hours session after the company reported better-than-expected financial results for the first quarter.
What Happened: Bit Digital said first-quarter revenue increased 266% year-over-year to $30 million, which beat the consensus estimate of $27.733 million, according to Benzinga Pro. The company noted that its strong revenue growth was driven by the commencement of its Bit Digital AI business, as well as by higher realized Bitcoin prices.
The company reported quarterly earnings of 43 cents per share, which beat analyst estimates of 1 cent per share. ...