Bit Digital is a holding company. Through its subsidiaries, Co. operates a bitcoin mining facility for the sole purpose of mining bitcoin. Co.'s mining operations are in Wuhai, Zhundong, Xinlinhot and Sichuan, the People's Republic of China hosting various Application Specific Integrated Circuits miners. Co. operates mining hardware which performs computational operations in support of the blockchain measured in hash rate or hashes per second. Co. participates in mining pools wherein groups of miners associate to pool resources and earn cryptocurrency together allocated to each miner according to the hashing capacity they contribute to the pool. The BTBT stock yearly return is shown above.
The yearly return on the BTBT stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2021 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the BTBT annual return calculation with any dividends reinvested as applicable (on ex-dates).
|