Bit Digital shareholders approve key proposals

Bit Digital’s stock, trading under the symbol (NASDAQ:BTBT), is registered on the Nasdaq Capital Market, with a market capitalization of approximately $512 million. Analysts maintain a bullish outlook with price targets ranging from $5 to $7, suggesting potential upside. The company’s headquarters is located at 31 Hudson (NYSE:HUD) Yards, Floor 11, New York, NY 10001, and it operates under the Central Index Key number 0001710350.The SEC filing on May 23, 2025, confirms the decisions made during the meeting, with all proposals passing by significant margins. For deeper insights into Bit Digital’s financial health and detailed analysis, investors can access comprehensive research reports and additional ProTips through InvestingPro’s extensive coverage of over 1,400 US stocks.

The shareholders also voted on the compensation of Named Executive Officers, approving the "Say on Pay" on a non-binding, advisory basis. Additionally, the frequency of future "Say on Pay" votes was decided, with the 3-year frequency option receiving the majority of votes.

Bit Digital’s stock, trading under the symbol (NASDAQ:BTBT), is registered on the Nasdaq Capital Market, with a market capitalization of approximately $512 million. Analysts maintain a bullish outlook with price targets ranging from $5 to $7, suggesting potential upside. The company’s headquarters is located at 31 Hudson Yards, Floor 11, New York, NY 10001, and it operates under the Central Index Key number 0001710350.The SEC filing on May 23, 2025, confirms the decisions made during the meeting, with all proposals passing by significant margins. For deeper insights into Bit Digital’s financial health and detailed analysis, investors can access comprehensive research reports and additional ProTips through InvestingPro’s extensive coverage of over 1,400 US stocks.

Bit Digital’s stock, trading under the symbol (NASDAQ:BTBT), is registered on the Nasdaq Capital Market. The company’s headquarters is located at 31 Hudson Yards, Floor 11, New York, NY 10001, and it operates under the Central Index Key number 0001710350.

The SEC filing on May 23, 2025, confirms the decisions made during the meeting, with all proposals passing by significant margins. This information is based on a press release statement.

In other recent news, Bit Digital Inc. reported a significant earnings miss for Q1 2025, with an earnings per share (EPS) of -$0.32, falling short of the forecasted -$0.03. Despite the earnings miss, Bit Digital’s revenue fell 17% year-over-year to $25.1 million, with a notable decline in Bitcoin mining revenue by 64%. However, the company’s cloud services revenue surged by 84%, showcasing successful diversification efforts. The firm continues to focus on high-performance computing infrastructure and strategic partnerships to drive growth. Moody’s Ratings downgraded the United States’ top credit rating, leading to a decline in cryptocurrency-related stocks, including Bit Digital, which fell by 3.8%. Additionally, Bit Digital is optimistic about future prospects, with ongoing negotiations for potential deployments that could generate over $100 million in annual revenue. The company is also exploring mortgage financing for data center expansion in the US and Canada.

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