Bit Digital, Inc. (BTBT) Q3 2024 Earnings Call Transcript Summary
Bit Digital, Inc. (BTBT) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA was negative $21.8 million, mainly due to unrealized losses on digital assets. The following is a summary of the Bit Digital, Inc. (BTBT) Q3 2024 Earnings Call Transcript:
以下是bit digital公司（BTBT）2024年第三季度業績會交流摘要：
Financial Performance:
財務表現：
Bit Digital reported total revenue of $22.7 million for Q3 2024, marking a 96% increase year-over-year, primarily driven by the contributions from their HPC businesses, despite a decline in mining revenue.
Gross profit for the quarter was $7.2 million, up 162% from the previous year, largely due to the performance of the HPC services.
Adjusted EBITDA was negative $21.8 million, mainly due to unrealized losses on digital assets.
GAAP earnings per share was a loss of $0.26 compared to a loss of $0.08 in the previous year, largely due to changes in digital asset prices.
Bit Digital報告2024年第三季度總收入爲2270萬美元，同比增長96％，主要得益於其HPC業務的貢獻，儘管挖礦收入有所下降。
本季度毛利潤爲720萬美元，較去年同期增長162％，主要歸功於HPC服務的表現。
調整後的EBITDA爲負2180萬美元，主要是由於數字資產未實現的損失。
根據GAAP，每股收益爲-0.26美元，而上年同期爲-0.08美元，主要是由於數字資產價格的變動。
Business Progress:
業務進展：
Bit Digital has transitioned from being solely a Bitcoin mining company to also operating in High Performance Computing (HPC) following the acquisition of Enovum, a Tier 3 data center, enhancing their operational capabilities and expansion potential.
They have secured new contracts and expanded their pipeline with deals such as a 300 GPU order for Boosteroid and are evaluating additional expansions that could deliver significant GPU deployments by 2025.
They anticipate growing to 3 exahashes in their mining operations by first half of 2025, refining their fleet by transitioning to newer, more efficient mining equipment.
bit digital已從一家比特幣挖礦公司轉型爲同時經營高性能計算（HPC）的公司，收購Enovum後，一家三級數據中心，提升了其運營能力和擴張潛力。
他們已經獲得了新的合同，並通過類似爲Boosteroid訂購300個gpu的交易擴展了他們的業務線，目前正在評估額外的擴展計劃，到2025年可能實現大規模的gpu部署。
他們預計到2025年上半年將增長到3艾哈希，在採礦業務中精益求精，通過轉向更新、更高效的採礦設備來完善其設備群。
Opportunities:
機會：
The company has identified significant growth potential in HPC driven by the acquisition of Enovum, which brings opportunities for further infrastructure expansion and leveraging top-tier management for accelerated project timelines.
Their HPC and Data Center operations are expected to propel long-term revenue growth, capitalizing on increased institutionalization of sales processes and expanding operational capabilities.
該公司通過收購Enovum確定了HPC中的重要增長潛力，這爲進一步擴展基礎設施和利用一流管理層加速項目時間表帶來了機會。
他們的高性能計算和idc概念業務預計將推動長期營業收入增長，利用銷售流程的更加機構化和擴展運營能力。
Risks:
風險：
Bit Digital faces intensifying competition and challenges in rapidly securing GPU deployments, necessitating potentially pre-ordering GPUs to maintain competitiveness.
There are risks associated with their digital assets valuation and mining operations' dependency on Bitcoin and Ethereum price fluctuations, which could impact profitability.
bit digital在迅速確保gpu部署方面面臨着日益激烈的競爭和挑戰，這可能需要提前訂購gpu以保持競爭優勢。
他們的數字資產估值和挖礦業務對比特幣和以太幣價格波動依賴性存在風險，可能影響盈利能力。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
