BTBT - What's Going On With Bitcoin Mining Stock Bit Digital Thursday? | Benzinga
Bit Digital Inc (NASDAQ:BTBT) shares are rising Thursday on the heels of the Bitcoin (CRYPTO: BTC) mining company’s first-quarter financial results. Here’s a look at what you need to know.
- Q1 Revenue: $30 million, versus estimates of $27.733 million
- Q1 EPS: 43 cents, versus estimates of 1 cent
Total revenue increased 266% on a year-over-year basis. Bitcoin mining revenue was up 166%. Bit Digital said its AI business began generating revenue in January and recognized $8.1 million of revenue during the quarter.
Bit Digital mined 410.7 Bitcoin during the quarter, up ...