Bit Digital Reports Mixed Q2 Results: EPS Miss, Revenue Up 80%
Bit Digital Reports Mixed Q2 Results: EPS Miss, Revenue Up 80%
Bit Digital, Inc. (NASDAQ:BTBT) reported its second-quarter financial results Monday after the closing bell. Here's a look at the details from the report.
Bit digital, Inc.(NASDAQ:BTBT)在周一收盘后发布了其第二季度财务业绩报告。以下是报告的详细信息。
The Details: Bit Digital reported quarterly losses of nine cents per share, which missed the analyst consensus estimate of losses of three cents per share.
详细情况:Bit digital报告了每股亏损9美分的季度报告,低于分析师每股亏损3美分的共识估计。
Quarterly revenue came in at $29 million, beating the analyst consensus estimate of $26.09 million by 11.16% and representing a 220.87% increase year-over-year. The company said the increase was primarily driven by the commencement of its high-performance computing services (HPC) business and by a higher realized Bitcoin (CRYPTO: BTC) price.
季度营收为2900万美元,比分析师的2609万美元高11.16%,同比增长220.87%。公司表示,此增长主要是由其高性能计算服务(HPC)业务的开展和比特币(CRYPTO: BTC)价格较高所驱动的。
Revenue from Bitcoin mining was $16.1 million for the second quarter of 2024, an 80% increase compared to the prior year's quarter.
2024年第二季度比特币挖掘收入为1610万美元,比去年同期增长80%。
The company earned 244.2 Bitcoins, a 23% decrease from the prior year. The decline was primarily driven by a reduction in block rewards following the halving event in April 2024 and by an increase in network difficulty.
该公司获得了244.2个比特币,比去年同期下降了23%。这一下降主要是由于四月份减半事件后区块奖励的减少以及网络难度的增加所导致的。
Bit Digital earned 109.4 Ethereum (CRYPTO: ETH) from native staking in the quarter. Treasury holdings of Bitcoin and Ethereum were 585.6 and 27,226.21, respectively, with a fair market value of approximately $36.7 million and $93.5 million on June 30, 2024, respectively.
Bit digital在本季中从原生飞舞中获得109.4个以太坊(CRYPTO:ETH)。截至2024年6月30日,比特币和以太坊的国库持有量分别为585.6和27,226.21,其公允市值分别为约3670万美元和9350万美元。
"The second quarter of 2024 was an important step in the evolution of Bit Digital. Despite the reduction in block rewards from the April 'halving event', our total revenue more than doubled from the prior year, principally aided by the first full quarter of revenue from our HPC services business. Our balance sheet remains a key strength that will enable us to withstand recent market volatility and deploy growth capital into high-return opportunities," Bit Digital said in its earnings press release.
Bit digital在其财报新闻稿中表示:“2024年第二季度是Bit digital演进的重要一步。尽管区块奖励从四月的“减半事件”中减少,但我们的总营收从去年同期翻了一倍以上,主要得益于HPC服务业务的第一个完整季度收入。我们的资产负债表仍然是一个关键的优势,这将使我们能够抵御近期市场波动并将增长资本投入高回报的机会。”
The company will host a conference call at 10 a.m. E.T. Tuesday to discuss its second-quarter results.
公司将于周二上午10点举行电话会议,讨论其第二季度业绩。
What Else: Bit Digital also announced that it has signed a binding term sheet with Boosteroid Inc., a new customer for its high-performance computing (HPC) business.
另外:Bit digital还宣布,已与其高性能计算(HPC)业务的新客户Boosteroid Inc.签署了一份有约束力的期货协议。
Boosteroid will place an initial purchase for a starting quantity of GPU servers with a five-year service duration which is expected to generate approximately $13 million in revenue to Bit Digital over the five-year term.
Boosteroid将购买GPU服务器的初始数量,服务期限为5年,预计在五年期内为Bit digital带来约1300万美元的收入。
The company said the entire 50,000 GPU deployment represents an aggregate revenue opportunity to Bit Digital in excess of $700 million over the five-year term, depending on the deployment plan and subject to market conditions.
该公司表示,整个5万GPU部署在5年期内对Bit digital构成了超过70000万美元的总收入机会,具体取决于部署计划和市场状况。
BTBT Price Action: According to Benzinga Pro, Bit Digital shares are up 0.66% after-hours at $3.01at the time of publication Monday.
根据Benzinga Pro的数据显示,Bit digital股票在周一发布时中午12点的时候,股价为3.01美元,盘后上涨了0.66%。
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Photo: Shutterstock
Photo: shutterstock