Bit Digital, Inc. is a holding company. Co. provides a platform for digital assets and artificial intelligence (AI) infrastructure headquartered in New York City. Its bitcoin mining operations are located in the U.S., Canada, and Iceland. Co.'s business line, Bit Digital AI, offers infrastructure services for artificial intelligence applications. Its facilities and mining platform are operating with the primary intent of accumulating bitcoin, which the Co. may sell for fiat currency from time to time depending on market conditions and management's determination of its cash flow needs. Co. conducts its business through Bit Digital U.S.A. The BTBT average annual return since 2018 is shown above.
The Average Annual Return on the BTBT average annual return since 2018 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether BTBT average annual return since 2018 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the BTBT average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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