$Bit Digital (BTBT.US)$ NEWS Bit Digital, Inc. Announces Fir...
NEWS
Bit Digital, Inc. Announces First Quarter of Fiscal Year 2024 Financial Results
Revenue increased by 266% YoY to $30.3M.
Bitcoin mining revenue grew by 166% YoY to $21.9M.
AI segment generated $8.1M in its first quarter.
Adjusted EBITDA rose significantly to $58.5M from $1.5M YoY.
GAAP EPS improved to $0.43 from a loss of $0.03 YoY.
Total liquidity stood at $163.2M with zero debt.
410.7 bitcoins mined, a 13% increase YoY.
Company aims to reach 6.0 EH/s hash rate in 2024.
85% of electricity consumed was from carbon-free sources.
Bitcoin mining revenue grew by 166% YoY to $21.9M.
AI segment generated $8.1M in its first quarter.
Adjusted EBITDA rose significantly to $58.5M from $1.5M YoY.
GAAP EPS improved to $0.43 from a loss of $0.03 YoY.
Total liquidity stood at $163.2M with zero debt.
410.7 bitcoins mined, a 13% increase YoY.
Company aims to reach 6.0 EH/s hash rate in 2024.
85% of electricity consumed was from carbon-free sources.
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