earnings
confidence high
sentiment positive
materiality 0.80
Bit Digital FY2024 revenue $108.1M (+141% YoY); GAAP EPS $0.19 vs loss prior year
Bit Digital, Inc
- Revenue $108.1M (+141% YoY); cloud services revenue $45.7M from new HPC business.
- GAAP EPS $0.19 fully diluted vs $(0.16) loss in FY2023.
- Adjusted EBITDA $73.0M (includes $55.7M digital asset gains) vs $12.4M prior year.
- Bitcoin production 949.9 BTC (-37% YoY) due to halving; treasury held 741.9 BTC and 27,623.2 ETH at year-end.
- Cash and liquidity $98.9M and $260.7M respectively; total assets $538.2M.