TuesdayMay 24, 2022 11:15 am

Bit Digital Inc. (NASDAQ: BTBT) Remains Optimistic Despite Recent Cryptocurrency Price Fluctuations

The blockchain technology industry is projected to grow to $450 billion by 2028, up from $3.67 billion in 2020, representing a CAGR of 82.4% The cryptocurrency market, which was valued at $1.5 billion in 2021, is projected to grow to $2.3 billion by 2028, representing a CAGR of 6.9% Bit Digital looks to tap into these two markets through strategic investments and technology The company is confident that the value of cryptocurrency will continue to rise, despite the recent drastic price fluctuations Over the past few weeks, the price of many cryptocurrencies have reduced by more than 50%. Industry experts…

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TuesdayDec 28, 2021 10:44 am

QualityStocksNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Releases Q3 2021 Financial Numbers

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has  reported its unaudited financial results for Q3, the period ending Sept. 30, 2021. Included in the report are several notable highlights, including revenue from Bitcoin mining for the period reaching $10.4 million with a total of 248.4 Bitcoins mined; the company noted that number was down from the second quarter because of miner migration and fleet repositioning. Non-GAAP income from operations for the quarter was $4.8 million, with non-GAAP net income coming in at $4 million and cash and cash equivalents totaling $26.5 million and total liquidity,…

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