Reported about 8 hours ago
H.C. Wainwright has maintained a Buy rating on Bit Digital, Inc. (NASDAQ:BTBT) with a price target of $7. The rating is based on the company's promising transition from bitcoin mining to high-performance computing, which has led to a stable revenue stream, including an 84% year-over-year growth in cloud services revenue. The firm anticipates further growth from new facilities and client acquisition in the HPC sector, despite some uncertainties regarding infrastructure supply.
Source: YAHOO