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Bit Digital, Inc. Announces Monthly Production Update for June 2024

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NEW YORK, July 5, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York, announced its unaudited digital asset production and corporate updates for the month of June 2024.

Corporate Highlights for June 2024

The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of June 30, 2024. The Company earned an estimated $4.1 million of unaudited revenue from this contract during the month of June 2024.In June 2024, the Company produced 61.7 BTC, a 2.5% decrease compared to the prior month.The Company’s active hash rate was approximately 2.57 EH/s as of June 30, 2024.Treasury holdings [1] of BTC and ETH were 585.9 and 29,927.9 with a fair market value of approximately $36.7 million and $102.7 million, respectively, on June 30, 2024.The BTC equivalent[2] of our digital asset holdings as of June 30, 2024, was approximately 2,230.5 or approximately $139.8 million.The Company had cash and cash equivalents of $60.8 million and total liquidity (defined as cash and cash equivalents, USDC, and the fair market value of digital assets) of approximately $200.6 million, as of June 30, 2024.

Proof-of-Stake Highlights

The Company had approximately 17,184 ETH actively staked in native staking protocols as of June 30, 2024.Bit Digital earned a blended APY of approximately 3.5% on its staked ETH position for the month of June 2024.The Company earned aggregate staking rewards of approximately 49.8 ETH during June 2024.

Upcoming Events

EthCC Brussels on July 8-11H.C. Wainwright NDR on July 23-24Bitcoin Nashville 2024 on July 25-27

About Bit Digital

Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City. Our bitcoin mining operations are located in the US, Canada, and Iceland. The Company has established a business line, Bit Digital AI, that offers specialized cloud-infrastructure services for artificial intelligence applications. For additional information, please contact ir@bit-digital.com or visit our website at www.bit-digital.com.

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2023. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

[1] “Treasury holdings” excludes approximately 2,701 ETH that were transferred to an internally managed fund.

[2] “BTC equivalent” is a hypothetical illustration of the value of our digital asset portfolio in bitcoin terms. BTC equivalent is defined as if all non-BTC digital assets, comprised of ETH, and USDC, were converted into BTC as of June 30, 2024, and added to our existing BTC balance. Conversion values are found using the closing price on coinmarketcap.com.

 

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SOURCE Bit Digital, Inc.

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NCMA Welcomes SAIC as a New Adopter of the Contract Management Standard® (CMS™)

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RESTON, Va., Dec. 30, 2024 /PRNewswire/ — National Contract Management Association (NCMA) is proud to announce that SAIC, a leading technology integrator focused on serving the mission critical operations of government agencies, has adopted the Contract Management Standard® (CMS™). This important initiative underscores SAIC’s commitment to excellence in contract management and reinforces its dedication to leveraging advanced technology and innovation to serve and protect our world.

As a premier Fortune 500® technology integrator, SAIC integrates emerging technology into mission-critical operations across defense, space, civilian, and intelligence markets. By adopting the CMS, SAIC continues building out its enhanced contract management practices to foster improved communication, streamlined processes and robust risk management capabilities. This strategic move supports SAIC’s ability to effectively tackle complex challenges and remain focused on driving modernization for critical national imperatives.

“We are pleased to announce the adoption of the Contract Management Standard within our operational framework, reinforcing our dedication to achieving and upholding operational excellence,” said Sandy Hinzman, Senior Vice President for Contracts and Global Supply Chain. “This initiative underscores our commitment to implementing robust acquisition processes and ensuring that our team is equipped with the industry’s best practices to deliver exceptional value and service, thereby reinforcing our ability to deliver innovative solutions for our government customers.”

“SAIC’s adoption of the Contract Management Standard is a testament to their leadership to enhance their capabilities and set a powerful example in support of the workforce and the missions they serve,” echoed NCMA CEO, Kraig Conrad. “Together, we are advancing standards and ensuring that practices align with the evolving demands of the marketplace.”

SAIC’s adoption of the CMS exemplifies their focus on heightening their workforce talent, skillset and capabilities. With approximately 24,000 employees and annual revenues of approximately $7.4 billion, SAIC is driven by mission, united by purpose and inspired by opportunities.

For more information on becoming a CMS adopter, https://www.ncmahq.org/adopters.

About NCMA
National Contract Management Association (NCMA) – www.ncmahq.org – is a thriving community of over 100,000 contract management professionals globally. Dedicated to fostering a globally recognized contract management profession and strengthening its connections with related acquisition communities, NCMA serves a diverse membership spanning both the public and private sectors. Through its steadfast commitment to facilitating the growth, advancement, and impact of practitioners, NCMA provides a platform for the open exchange of ideas in neutral forums, driving innovation and excellence in the field of contract management.  

About SAIC
SAIC is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives. 

We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion. For more information, visit saic.com. For career opportunities, click the “careers” link.

For more information, please contact:
Caralyn Duke
571-382-1111
388148@email4pr.com

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SOURCE National Contract Management Association

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Disrupting Delivery: Empowering Gig Economy Entrepreneurs and Transforming Last-Mile Logistics with Shaun Savage

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The need for flexible logistics solutions is at an all-time high. In this week’s episode of Disruption Interruption, Shaun Savage, CEO of GoShare, explores how his innovative platform is revolutionizing last-mile and middle-mile delivery. By leveraging tech-driven solutions, GoShare empowers small businesses to thrive in today’s fast-paced economy. Discover how emerging trends, including autonomous electric vehicles, are set to shape the future of logistics in the years ahead.

TAMPA BAY, Fla., Dec. 30, 2024 /PRNewswire-PRWeb/ — With 40% of Americans turning to side hustles and nearly half starting them to make ends meet, flexible opportunities in industries like logistics are more critical than ever. (1) In this week’s Disruption Interruption podcast, Shaun Savage, CEO and Founder of GoShare, joins host Karla Jo Helms (KJ) to discuss how his tech platform is revolutionizing last-mile and middle-mile delivery, creating opportunities, driving efficiency in logistics, and empowering small businesses to thrive in an evolving economy. ” For a business to be successful, they have to be able to move goods around quickly. We’re not just reinventing the wheel; we’re making a better wheel,” explains Savage.

“For a business to be successful, they have to be able to move goods around quickly. We’re not just reinventing the wheel; we’re making a better wheel.” – Shaun Savage

From Paper Trails to Seamless Solutions in Delivery
For years, the retail logistics industry relied on outdated methods to move goods. Local delivery drivers were contracted regionally, orders were taken via phone, and deliveries were organized using paper records or fax machines, explains Savage. This led to prolonged delivery times, often spanning weeks.

“The retail industry noticed that they had to be able to deliver goods quickly to compete with today’s e-commerce options like Amazon and Wayfair,” points out Savage. Recognizing this challenge, GoShare emerged as a transformative force in logistics. By leveraging an array of different technologies, the platform created a faster, more efficient, and user-friendly solution.

Future Supply Chain Trends: The Rise of Autonomous Vehicles
Logistics will continue to be heavily influenced by emerging technologies, and according to Savage, autonomous electric vehicles are expected to be the next game changers. Over the next few years, we could see these vehicles integrated into platforms like GoShare, especially for middle-mile deliveries.

While fully autonomous vehicles may not yet be suitable for complex last-mile deliveries, where human interaction is often necessary, their potential for larger, less intricate logistics tasks is undeniable.

“In the coming years, we’ll likely see autonomous vehicles becoming an integral part of the GoShare network, especially for middle-mile deliveries, offering a glimpse into the future of logistics,” mentions Shaun. The ability to move goods over longer distances without human drivers could dramatically reduce costs and improve efficiency.

Turning Delivery Challenges into Innovation: Shaun Savage’s Path
Shaun shares his experiences managing a house painting business during college revealing a common frustration faced by many contractors: the struggle to get supplies delivered efficiently. Every morning, he would wait in line at the paint store, pick up materials, and juggle deliveries to multiple job sites. When crews ran out of supplies at midday, someone had to go back to the store, wasting valuable time.

At that time, large retailers didn’t offer delivery services, leaving contractors to handle logistics on their own. “Now we are one of the primary delivery solutions for that same paint company. It’s a cool full-circle story,” Shaun says.

Links
Disrupting Delivery: Empowering Gig Economy Entrepreneurs and Transforming Last-Mile Logistics with Shaun Savage

https://omny.fm/shows/disruption-interruption/disrupting-delivery-empowering-gig-economy-entrepr

LinkedIn: https://www.linkedin.com/in/shaunsavage/
Twitter: https://twitter.com/shaunsavage19
Company Website: https://goshare.co/

Disruption Interruption is the podcast where you will hear from today’s biggest Industry Disruptors. Learn what motivated them to bring about innovation and how they overcame opposition to adoption.
Disruption Interruption can be listened to in Apple’s App Store and Spotify.

About Disruption Interruption™
Disruption is happening on an unprecedented scale, impacting all manner of industries— MedTech, Finance, IT, eCommerce, shipping, logistics, and more—and COVID has moved their timelines up a full decade or more. But WHO are these disruptors and when did they say, “THAT’S IT! I’VE HAD IT!”? Time to Disrupt and Interrupt with host Karla Jo “KJ” Helms, veteran communications disruptor. KJ interviews badasses who are disrupting their industries and altering economic networks that have become antiquated with an establishment resistant to progress. She delves into uncovering secrets from industry rebels and quiet revolutionaries that uncover common traits—and not-so-common—that are changing our economic markets… and lives. Visit the world’s key pioneers that persist to success, despite arrows in their backs at http://www.disruption-interruption.com.

About Shaun Savage
Shaun Savage is a dynamic leader and the driving force behind GoShare, a pioneering logistics platform that is redefining last-mile and middle-mile delivery solutions. With a mission to make delivery services more accessible and efficient, Shaun has successfully guided GoShare’s growth since its founding in 2014, transforming it into one of the fastest-growing tech companies in North America.

As an advocate for small businesses, Shaun actively participates in the leadership and technology committees of the National Small Business Association. His passion for economic empowerment in the transportation industry is evident through his commitment to leveraging technology to support entrepreneurs and enhance delivery operations. Under his leadership, GoShare has expanded its services nationwide, integrating advanced solutions for a seamless customer experience.

Shaun’s entrepreneurial journey began at the University of Delaware, where he graduated with a bachelor’s degree in History in 2006. During his college years, he invested in a College Pro Painters franchise, managing a team of seven employees. This early experience laid the groundwork for his future ventures and earned him recognition as one of San Diego’s “30 Under 30ish.” He has also been honored as a semi-finalist for the Ernst & Young Entrepreneur of the Year award.

Recently recognized as a finalist for the prestigious CEO of the Year award by the San Diego Business Journal, Shaun continues to drive GoShare forward with innovative strategies and technologies. His vision for the future of logistics is not just about growth but also about creating meaningful opportunities for individuals and businesses alike.

About Karla Jo Helms
Karla Jo Helms is the Chief Evangelist and Anti-PR® Strategist for JOTO PR Disruptors™. Karla Jo learned firsthand how unforgiving business can be when millions of dollars are on the line — and how the control of public opinion often determines whether one company is happily chosen, or another is brutally rejected. Being an alumnus of crisis management, Karla Jo has worked with litigation attorneys, private investigators, and the media to help restore companies of goodwill into the good graces of public opinion — Karla Jo operates on the ethic of getting it right the first time, not relying on second chances and doing what it takes to excel. Helms speaks globally on public relations, how the PR industry itself has lost its way, and how, in the right hands, corporations can harness the power of Anti-PR to drive markets and impact market perception.

References
1.    Castrillon, Caroline. “Why Side Hustles Are Becoming the New Normal.” Forbes, 16 June 2024, http://www.forbes.com/sites/carolinecastrillon/2024/06/16/why-side-hustles-are-becoming-the-new-normal/.

Media Inquiries:
Karla Jo Helms
JOTO PR™
727-777-4629

Media Contact

Karla Jo Helms, JOTO PR™, 727-777-4629, khelms@jotopr.com, jotopr.com

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SOURCE Disruption Interruption

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Cboe Global Markets to Close its U.S. Markets January 9 in Honor of National Day of Mourning for Former President Jimmy Carter

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CHICAGO, Dec. 30, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its U.S. equities and options exchanges, along with Cboe Futures Exchange, will close on Thursday, January 9, 2025, in observance of the National Day of Mourning to honor former President Jimmy Carter.

In addition, Cboe observed a one-minute moment of silence on its Chicago trading floor at 8:20 a.m. Central Time (CT) today, in remembrance of the former President.

Cboe equities exchanges closed for trading during all sessions (early, regular, and after hours) on January 9 include Cboe BYX Exchange, BZX Exchange, EDGA Exchange, and EDGX Exchange.

Cboe options exchanges closed for trading during Regular Trading Hours on January 9 include Cboe Options Exchange, BZX Options Exchange, C2 Options Exchange, and EDGX Options Exchange. Global Trading Hours for Cboe Options Exchange will be open.

Cboe Futures Exchange (CFE) will be closed for trading during Regular Trading Hours on January 9, while Global Trading Hours will be open.

Cboe Digital Exchange will be open for trading and operate as normal on January 9.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

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Media Contacts

Cboe Analyst Contact

 

Angela Tu

 

Tim Cave

 

Kenneth Hill, CFA

+1-646-856-8734

+44 (0) 7593-506-719

+1-312-786-7559

atu@cboe.com

tcave@cboe.com

khill@cboe.com

CBOE-C
Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

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SOURCE Cboe Global Markets, Inc.

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