Bit Digital – DIGIT INFO

Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) Analysis

DIGIT — Sun, 27 Oct 2024 22:35:02 +0000

Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks? Analyzing Bit Digital’s (BTBT) Approach to Bitcoin Mining and HPC Diversification The following guest post comes […]

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Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid

DIGIT — Tue, 20 Aug 2024 21:30:19 +0000

Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […]

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City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining

DIGIT — Tue, 11 Oct 2022 21:15:00 +0000

The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances.

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Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner

DIGIT — Wed, 08 Dec 2021 23:00:04 +0000

The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin […]

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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US

DIGIT — Thu, 15 Jul 2021 21:30:12 +0000

Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to […]

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Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business

DIGIT — Sun, 24 Jan 2021 11:15:00 +0000

A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business Is ‘Completely Fraudulent’ A class-action lawsuit was filed on Wednesday in the Southern District Court of New York against […]

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Listed firm sells $14M of shares for 1 EH/s in Bitcoin mining power

DIGIT — Thu, 12 Nov 2020 05:51:28 +0000

A U.S.-based mining firm has inked agreements with foreign investors to issue $13.9 million in shares in exchange for Bitcoin miners pushing 1 EH/s in hash power.

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