Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) Releases Earnings Results

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) announced its earnings results on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Bitcoin Infrastructure Acquisition Stock Down 0.2%

BIXI traded down $0.02 on Friday, hitting $10.15. 9,851 shares of the company traded hands, compared to its average volume of 30,237. Bitcoin Infrastructure Acquisition has a 12-month low of $9.80 and a 12-month high of $10.33. The company has a 50 day moving average of $10.11 and a 200-day moving average of $10.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Bitcoin Infrastructure Acquisition by 22.0% during the third quarter. State Street Corp now owns 14,400 shares of the company’s stock worth $145,000 after purchasing an additional 2,600 shares during the last quarter. Periscope Capital Inc. acquired a new stake in shares of Bitcoin Infrastructure Acquisition during the third quarter worth $3,917,000. First Trust Capital Management L.P. purchased a new position in Bitcoin Infrastructure Acquisition in the 3rd quarter valued at $175,000. Wealthspring Capital LLC purchased a new position in Bitcoin Infrastructure Acquisition in the 3rd quarter valued at $1,593,000. Finally, Robinson Capital Management LLC grew its position in Bitcoin Infrastructure Acquisition by 100.0% in the 2nd quarter. Robinson Capital Management LLC now owns 20,000 shares of the company’s stock valued at $200,000 after buying an additional 10,000 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Bitcoin Infrastructure Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Bitcoin Infrastructure Acquisition Company Profile

Bitcoin Infrastructure Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, business combination or similar transaction. Its stated focus is on businesses involved in Bitcoin infrastructure. As a SPAC, the company does not operate a Bitcoin network or offer products and services to customers. Its business is to identify and complete a transaction with a target company; its activities and operations may change if a transaction is completed. Further details about its operating history, geographic reach and leadership are not included here because reliable information was not available.