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Simplicity Wealth bought Bit Digital shares for $827K, boosting its stake to 0.09%, as the company reported a $0.05 loss and $30.46M revenue.
Simplicity Wealth LLC bought 275,711 shares of Bit Digital (BTBT) for about $827,000 in the third quarter, increasing its stake to roughly 0.09%.
The company, which mines Bitcoin using ASIC miners across North America, reported a $0.05 loss per share and $30.46 million in revenue, slightly above estimates.
Despite a mixed analyst outlook—ranging from "buy" to "strong sell"—the consensus remains "hold" with a $6.00 average price target.
The stock traded around $2.11, with a 52-week range of $1.69 to $4.55, a market cap of $682.94 million, and a beta of 3.94.
CFO Erke Huang reduced his ownership by 25.9% through a sale of 410,636 shares.
Simplicity Wealth compró acciones de Bit Digital por $ 827K, aumentando su participación al 0.09%, ya que la compañía reportó una pérdida de $ 0.05 y ingresos de $ 30.46 millones.