WhiteFiber, Bit Digital’s (BTBT) HPC/AI subsidiary, just launched its IPO under WYFI. I dug into the filings to break down key details and what it means for both companies.
In 2024 Bitcoin miners saw revenue growth, but not all gains were equal. $BTBT soared +183.96% YoY (HPC/AI contributions), while $CLSK grew +150.47% YoY (hash rate expansion). $MARA (-24.11%) & $RIOT (-14.78%) posted negative gross margins. Who's winning? 👇
Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks?
The latest insights on Bitcoin miners embracing HPC Hosting and AI cloud services. Detailed revenue breakdowns and company updates on CORZ, IREN, BTBT and more.
