Bit Digital shares have been on a strong upward trend for the past year.
It has risen by more than 375 percent from its lowest level in December.
Bit Digital’s stock price rose on Thursday, as cryptocurrency prices continued to rise. BTBT’s stock price has risen by over 375% since December’s lowest level, making it the best performing company in the industry.
New machines Bit Digital
Bit Digital has a small footprint. Bitcoin mining Company with a value of more than $195 million. The company competes against Marathon Digital and Riot Blockchain, among others. The company also offers Ethereum staking services.
BTBT’s shares have performed well this year thanks to the strong performance by Bitcoin and other cryptocurrencies. Most of the time, mining companies are closely related to Bitcoin’s price.
Bit Digital has announced that they are considering expanding their mining operations in Iceland. The CEO informed Wall Street Journal of the company’s acquisition of another 5,000 mining machines.
Bit Digital shares the concerns of other cryptocurrency companies about the lack regulatory clarity in the United States. Securities Act of 1933 is not a regulation.