Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) Releases Quarterly Earnings Results

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) released its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Bitcoin Infrastructure Acquisition Stock Up 0.1%

NASDAQ BIXI traded up $0.01 during mid-day trading on Friday, reaching $9.98. 1,011 shares of the stock were exchanged, compared to its average volume of 23,182. Bitcoin Infrastructure Acquisition has a one year low of $9.80 and a one year high of $10.00. The company has a 50 day moving average of $9.93.

Hedge Funds Weigh In On Bitcoin Infrastructure Acquisition

A number of hedge funds have recently bought and sold shares of BIXI. TrueMark Investments LLC bought a new position in Bitcoin Infrastructure Acquisition during the first quarter worth $148,000. Gritstone Asset Management LLC bought a new position in Bitcoin Infrastructure Acquisition during the first quarter worth $347,000. ABC Arbitrage SA acquired a new stake in Bitcoin Infrastructure Acquisition in the first quarter worth $397,000. Virtu Financial LLC acquired a new stake in Bitcoin Infrastructure Acquisition in the fourth quarter worth $530,000. Finally, Bulldog Investors LLP acquired a new stake in Bitcoin Infrastructure Acquisition in the first quarter worth $744,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of Bitcoin Infrastructure Acquisition in a research note on Monday, March 16th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Bitcoin Infrastructure Acquisition

Bitcoin Infrastructure Acquisition (NASDAQ: BIXI) is a publicly listed special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses in the bitcoin infrastructure sector. As a blank?check vehicle, the company’s primary purpose is to raise capital through its public listing and use those funds to pursue mergers, acquisitions or business combinations that expand access to bitcoin mining, hosting and related infrastructure services.

While the SPAC itself does not operate mining facilities or produce hardware, its investment focus is on companies that provide the physical and technological backbone for bitcoin and other digital asset networks.