{"id":414217,"date":"2021-01-13T10:07:32","date_gmt":"2021-01-13T15:07:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414217"},"modified":"2021-01-13T10:07:32","modified_gmt":"2021-01-13T15:07:32","slug":"investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Jan.  13, 2021  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0OQ8qghidsWrpV6DensjAD6zLPDm77PBN_EQ6P11-QKccTQutEWDjd7we5iss8VjdCSDcU1-lktJd_miCPz7Cw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> is investigating potential claims against Bit Digital, Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ghEAM7pIbR_rxTB5FoglB-mfdDBfV8iaq6gDggKPDmvzGXhaz44hVMyKoENO4VWulix0aKhneRIrJXOk_KqHzKH_abntqP3Cg4ZAyIw-x2DWdKrLz8fvZEnPVdsfIzxY\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">BTBT<\/a>). The investigation focuses on whether the Company may have misled investors about the company\u2019s bitcoin mining activities.<\/p>\n<p align=\"justify\">On\u00a0Jan. 11, 2021, market analyst\u00a0J Capital Research\u00a0issued a scathing report about the company, concluding that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds from investors.\u201d According to\u00a0J Capital, \u201c[t]he company reported at end Q3 2020 that it was operating 22,869 bitcoin miners in\u00a0China,\u201d but that \u201cis simply not possible\u201d and \u201c[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.\u201d On this news, Bit Digital\u2019s stock price fell $6.27 per share, or 25%, to close at $18.76 per share on January 4, 2021.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Bit Digital securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L6vP6Lv42VRfL0VPHzZPoYapvvhooGxqvEHhU-uw1n9oa_kCIztJJJn6GljUw3cwqx0GtrYtmMHbytvWHeXmbRX1pqnVI28bwgLCz3C_NF8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thomas W. Elrod<\/u><\/a> of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0OQ8qghidsWrpV6DensjAHLwNbC4RikZUNUP4SpSMNCU-KCW5IQcHSJouKOahSvU9vtoZJKnr4SVbx_y2dHzZg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bobN1ymDTAnu6Yk_tSh-nNbhUfY_h_s8DvmeEAvLgq6oLUJewtE9gFC3sD2iahjsWX36vJE4ZWGZBzi-wXQYwSL-ncfBu5dd5ggkdVBI260=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a>, or by filling out this <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GokdhxmmVY3_8ARMKmo5RuYI5nD_Ikx_bHCUPFewiAfJNE6ALFPH3jFD8fZh5MoGeknFQWok8HNS6uygjjb3Zsxe3zdFX7jODl8AbOcUW0P4Rh4aUzRiKNKuRIZ-xiB7\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0OQ8qghidsWrpV6DensjADMMrr25ks8sf9c6Ogfdz0tsqulKjjHXLKZeg3wBDMY09H9Kze9evpPPkBt3x0J1Rg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>Kirby McInerney LLP<\/u><br \/>\n        <\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rNIHc2S3iRfDqm5PNZyBJV8q598FZF-jza7Njw3hfGH71rAh_ooy1sqOnv9LZV9y6HNdEa9zqckomORa97jVQg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.kmllp.com<\/u><\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Contacts<br \/>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq.<br \/>212-371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CyU3LOR8LJh4V9gjXMON7q_PiE0RZ058xcZMU-_sNwjIjRhxL-cA4o7HkrS3XNHzrlJO3UvObFQGrdi81niqDw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.kmllp.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bobN1ymDTAnu6Yk_tSh-nNbhUfY_h_s8DvmeEAvLgq4X8Ds-BvtDaaerGnjzRt0w5FATkTECxolzralUQPiPG-NcJUyJ1wGvh4izcAYFylo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNTM1MiMzOTE3NjcyIzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fff55a15-bb6f-4706-8e87-9d26c86f5de6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 13, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Bit Digital, Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT). The investigation focuses on whether the Company may have misled investors about the company\u2019s bitcoin mining activities. On\u00a0Jan. 11, 2021, market analyst\u00a0J Capital Research\u00a0issued a scathing report about the company, concluding that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds from investors.\u201d According to\u00a0J Capital, \u201c[t]he company reported at end Q3 2020 that it was operating 22,869 bitcoin miners in\u00a0China,\u201d but that \u201cis simply not possible\u201d and \u201c[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.\u201d On &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414217","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 13, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP is investigating potential claims against Bit Digital, Inc. (\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT). The investigation focuses on whether the Company may have misled investors about the company\u2019s bitcoin mining activities. On\u00a0Jan. 11, 2021, market analyst\u00a0J Capital Research\u00a0issued a scathing report about the company, concluding that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds from investors.\u201d According to\u00a0J Capital, \u201c[t]he company reported at end Q3 2020 that it was operating 22,869 bitcoin miners in\u00a0China,\u201d but that \u201cis simply not possible\u201d and \u201c[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.\u201d On &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T15:07:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNTM1MiMzOTE3NjcyIzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc.\",\"datePublished\":\"2021-01-13T15:07:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\\\/\"},\"wordCount\":304,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNTM1MiMzOTE3NjcyIzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc. - 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(\u201cBit Digital\u201d or the \u201cCompany\u201d) (NASDAQ: BTBT). The investigation focuses on whether the Company may have misled investors about the company\u2019s bitcoin mining activities. On\u00a0Jan. 11, 2021, market analyst\u00a0J Capital Research\u00a0issued a scathing report about the company, concluding that Bit Digital operates \u201ca fake crypto currency business\u201d \u201cdesigned to steal funds from investors.\u201d According to\u00a0J Capital, \u201c[t]he company reported at end Q3 2020 that it was operating 22,869 bitcoin miners in\u00a0China,\u201d but that \u201cis simply not possible\u201d and \u201c[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.\u201d On &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-13T15:07:32+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNTM1MiMzOTE3NjcyIzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc.","datePublished":"2021-01-13T15:07:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/"},"wordCount":304,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNTM1MiMzOTE3NjcyIzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-an-investigation-of-shareholder-claims-against-bit-digital-inc\/","name":"INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Bit Digital, Inc. - 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