Bit Digital, Inc. (BTBT) has released an update.
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Bit Digital, Inc. has reported a remarkable 266% revenue increase to $30.3 million in the first quarter of 2024, primarily bolstered by the launch of its Bit Digital AI business and higher bitcoin prices. The company’s strong financial position is highlighted by $163.2 million in total liquidity, and significant gains with an adjusted EBITDA of $58.5 million and GAAP earnings per share of $0.43. Bit Digital’s commitment to sustainable digital asset mining is evident with 85% of its electricity consumption sourced from carbon-free energy.
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