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Seeking Alpha 2021-07-15 05:32:35

Bit Digital: Bullish On Reset Expectations Following Bitcoin Crash

Bit Digital has been under pressure considering the weakness in the price of bitcoin along with uncertainties regarding its exposure to China.The company reported an operations update for Q2, highlighted by significant progress in transferring its mining capacity into the United States.While resetting expectations based on the lower price of bitcoin, we remain bullish on BTBT which maintains a positive long-term outlook.

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