Bit Digital (BTBT) Q3 2024 Earnings Breakdown
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Description
Financial Highlights:
GAAP loss per share: $0.26 (Q3 2024) compared to $0.08 (Q3 2023)
Treasury holdings:
731.1 BTC (approx. $46.3 million)
27,388.1 ETH (approx. $71.3 million)
Total BTC equivalent: 1,863 BTC (approx. $118.0 million)
Operational Highlights:
Bitcoin mined: 165.4 BTC (Q3 2024), a 59% decrease year-over-year due to halving and network difficulty
Operational hash rate increased by 104% year-over-year
Bitcoin mining fleet: 50,044 miners with a total maximum hash rate of 4.3 EH/s
Active hash rate: 2.4 EH/s (as of September 30, 2024)
88% of electricity consumption from carbon-free sources
21,568 ETH actively staked in native staking protocols
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Key Highlights:
Solid Execution: Deere achieved strong results across the business cycle by adjusting operations to align with the current environment.
Earnings Decline: Net income for 4Q 2024 was $1.245 billion, down 47% from $2.369 billion in 4Q 2023. Full-year net income was $7.100 billion,...
Published 11/23/24
Published 11/23/24
Key Highlights:
Revenue Growth: Total net revenue increased to $3.283 billion, up from $2.978 billion in the same period of the prior year. This was primarily driven by growth in service revenue, particularly from QuickBooks Online Accounting and Online Services.
"Revenue for our Credit Karma...
Published 11/23/24
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