About Bit Digital
Bit Digital is a company based in New York (United States) founded in 2015 by Hughes Ching.. The company has 54 employees as of December 31, 2024. Bit Digital has completed 1 acquisition, including Enovum. Bit Digital offers products and services including High-Performance Computing and Ethereum Services.
- Headquarter New York, United States
- Employees 54 as on 31 Dec, 2024
- Founders Hughes Ching
- Stage Public
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Email
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Phone
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Website
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Social
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- Legal Name Bit Digital, Inc.
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Annual Revenue
$108.05 M140.56as on Dec 31, 2024
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Net Profit
$28.31 M303.82as on Dec 31, 2024
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EBITDA
$6.96 M156.54as on Dec 31, 2024
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Latest Funding Round
$80 M (USD), Post-IPO
Oct 04, 2021
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Investors
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Employee Count
54
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Bit Digital
Bit Digital is a publicly listed company on the NASDAQ with ticker symbol BTBT in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Bit Digital
Bit Digital offers a comprehensive portfolio of products and services, including High-Performance Computing and Ethereum Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance computing is offered for blockchain and financial applications, as seen in the company's services.
Ethereum services are provided to support financial system innovations, based on the company's stated beliefs.
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Funding Insights of Bit Digital
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $80.0M
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First Round
First Round
(05 Feb 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Post-IPO - Bit Digital | Valuation |
investors |
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| Feb, 2021 | Amount | Debt – Conventional - Bit Digital | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Bit Digital
Bit Digital has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Enovum. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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|---|---|---|---|---|---|
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Data center colocation services are offered via isolated computing pods.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bit Digital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bit Digital Comparisons
Competitors of Bit Digital
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bit Digital
Frequently Asked Questions about Bit Digital
When was Bit Digital founded?
Bit Digital was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Bit Digital located?
Bit Digital is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Bit Digital?
Sam Tabar is the current CEO of Bit Digital.
How many employees does Bit Digital have?
As of Dec 31, 2024, the latest employee count at Bit Digital is 54.
What is the annual revenue of Bit Digital?
Annual revenue of Bit Digital is $108.05M as on Dec 31, 2024.
What does Bit Digital do?
Bit Digital was founded in 2015 and is headquartered in New York, United States. A digital infrastructure platform centered on sustainability is maintained for digital assets and artificial intelligence, alongside Bitcoin mining operations conducted in North America. The company supports related services in the blockchain and AI sectors, with activities spanning infrastructure development and resource management across its geographic focus.
What products or services does Bit Digital offer?
Bit Digital offers High-Performance Computing and Ethereum Services.
Is Bit Digital publicly traded?
Yes, Bit Digital is publicly traded on NASDAQ under the ticker symbol BTBT.
How many acquisitions has Bit Digital made?
Bit Digital has made 1 acquisition, including Enovum.
What is Bit Digital's ticker symbol?
The ticker symbol of Bit Digital is BTBT on NASDAQ.