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Golden Bull Ltd, originally Bit Digital Inc., could be a company that was established on February 17, 2017. Bitcoin mining is administered by the Company’s wholly owned companies within the u. s., Hong Kong, and Canada. The Company’s bitcoin mining activities, which are hosted by third-party providers, use specialized computers called miners to come up with bitcoins.
Bitcoin mining brought approximately $28.3 million in revenue. A total of 562.9 bitcoins were gained.Their miner fleet was deployed, in transit to, or awaiting deployment 70.8 percent of the time.
The installation will occur in North America on June 30, 2021.They had 32,500 miners available, with 3,515 added within the second quarter.
In comparison to a net loss of $1.3 million and a loss per share of $0.03, there was a net loss of $1.3 million and a loss per share of $0.03.
For the identical time previous year, the corporate had a net loss of $0.3 million and a loss per share of $0.01.
On July 26, 2021 Bit Digital, Inc. (Nasdaq: BTBT) and Digihost Technology Inc. (TSXV: DGHI; OTCQB: HSSHF) are pleased to announce their second strategic co-mining agreement. Bit Digital shall provide Digihost with specific premises (the “Premises”) for the operation of a 100 MW Bitcoin mining system (the “Miners”) that Bit Digital will deliver for a two-year period, consistent with the terms of the Agreement. This new collaboration between Digihost and Bit Digital is estimated to end in a complete hashrate increase of roughly 2.4 EH between the 2 firms, including the initial collaboration deal announced on June 10, 2021.
Bit Digital Inc. stock price has broken out above the downtrend that started 2 weeks ago. The breakout from the downtrend was picked up by Shareshart Scanner last Friday, August 27. On the day Bit Digital Inc. stock price broke out, there was a golden cross in both indicators Rainbow Oscillator and Random Walk. The golden cross in both indicators increases the probability of success of the breakout.Using Shareschart Trendline Scanner, the user can search for stocks that have broken out of the trend lines that they have manually drawn and saved. It helps the user to monitor a portfolio of stocks that are very well positioned in terms of meeting the conditions of technical analysis. It alerts them the moment these set-up conditions are triggered. For example, the user can manually draw a trendline that touches more than 3 points of the downtrend. The trendline scanner will pick up the signal as soon as the price breaks this manually drawn trendline. The manually drawn lines are also automatically extrapolated over time.
To know if the uptrend of this stock is sustainable, we need to look at the long-term trend of the chart. Since the stock rose almost 500% in July this year, it has pulled back and fallen to the 100-day and 200-day lines Exponential Moving Average.
From a chart perspective, these 2 Exponential Moving Average are very important. From the past, the above chart shows that whenever the price broke out above the 2 indicators, the stock turned up and whenever the price broke out below the 2 indicators, the stock turned down.
So this time, if the price stays above the 2 moving averages, the stock should continue to turn higher.
Besides Exponential Moving Average indicator, Sharechart also has many other moving averages indicator like SMA(Simple moving average), TMA(Triangular moving average), WMA(Weighted moving average) and VMA(Volume moving average).
At the same time, the stock has fallen 61.8% from its high of $20.74 and hit a low of $10.26 a few days ago. This suggests that the stock has found short-term support in this area and is ready to ascend from here.
If Bit Digital continues its rally from here, the first target is $14.25, which represents an 11% upside potential from the last price reached. This is the 38.2% Fibonacci retracement value from the last high and it is a decent return for a short-term trader.
The next possible target level is $15.25, which represents a 19% return from the last price reached. If we set the stop loss level at $10.23 and the target at $15.25, we get a risk reward ratio of 100%. This is considered a good trade, especially because this level is slightly lower than the 50% Fibonacci retracement level of $15.25. This target level also coincides with the long-term resistance on the chart. It may take some time to reach this target price.
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