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via seekingalpha.comBusiness & Companies

Bit Digital outlines $865M 10-year NC-1 contract, weighs buybacks

FROM THE WIRE · SEEKINGALPHA.COM

Bit Digital says WhiteFiber's NC-1 is billing at 40 MW under an $865 million, 10-year contract; Q3 revenue fell to $27.1 million from $32.1 million.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large multi-year contract is positive, but quarterly revenue declined.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01WhiteFiber's NC-1 is billing at 40 MW under an $865 million, 10-year contract.
  2. 02Q3 revenue fell to $27.1 million from $32.1 million.
  3. 03Shareholders approved buybacks that the company is weighing.

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