Bit Digital price target raised to $6 from $5 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Bit Digital to $6 from $5 and keeps a Buy rating on the shares after the company announced the expansion of its pre-existing high performance computing contract with an unspecified customer. The firm believes Bit Digital has negotiated its course with acute care in providing services requested with geographic resolve, suggesting its northern Iceland location is one that not only well addresses thermal operating conditions, but also meets customer requirements.