05:37 AM EDT, 08/20/2024 (MT Newswires) -- (Updates with the latest stock move in the headline and the last paragraph.)

Bit Digital ( BTBT ) reported a Q2 loss late Monday of $0.09 per diluted share, widening from a $0.03 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended June 30 was $29 million, up 220% from a year ago. Analysts expected $26.6 million.

Shares of the company surged 11% in premarket activity Tuesday.

Price: 3.3300, Change: +0.34, Percent Change: +11.37