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The latest update is out from Bit Digital ( (BTBT) ).
In February 2025, Bit Digital announced the acquisition of Enovum’s Tier 3 data center platform for $46 million, adding 4 MW of capacity and a further 33 MW under exclusive letters of intent. This acquisition enhances Bit Digital’s service offering by integrating GPU and data center services, expected to yield high returns and improve financial stability. The strategic move aims to diversify business operations, reduce supplier dependency, and support their AI and HPC buildout plans, ultimately strengthening their market position and shareholder value.
More about Bit Digital
Bit Digital is a global platform specializing in high-performance computing (HPC) infrastructure and digital asset production. The company is involved in diversified revenue streams including HPC colocation, GPU cloud services, bitcoin mining, and Ethereum staking, positioning itself as a significant player in the digital asset and infrastructure sectors.
YTD Price Performance: -6.73%
Average Trading Volume: 18,614,283
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $469.7M
For detailed information about BTBT stock, go to TipRanks’ Stock Analysis page.
