Bit Digital, Inc. (BTBT) is experiencing a significant pre-market surge of 7.87% on Thursday, continuing its upward momentum from Wednesday's extended trading session. This rally is part of a broader trend among cryptocurrency-related stocks, sparked by tech giant Nvidia's impressive earnings report.

The surge in Bit Digital's stock price reflects the positive sentiment sweeping through the crypto mining sector. Nvidia, a major supplier of graphics processing units (GPUs) essential for cryptocurrency mining, reported financial results that exceeded market expectations. This strong performance has boosted investor confidence in companies operating within the cryptocurrency ecosystem, including Bit Digital and its peers.

Other crypto-mining companies also saw substantial gains in after-hours trading on Wednesday. Cipher Mining rose 13%, IREN climbed 10%, and TeraWulf increased by 9%. Industry leaders such as Riot Platforms, Marathon Digital Holdings, and Coinbase also experienced share price increases ranging from 3% to 4%. This widespread rally underscores the interconnected nature of the tech and crypto markets, with Nvidia's success potentially signaling increased demand for mining hardware and related services.

While the current surge in Bit Digital's stock price is encouraging for investors, it's important to note that the cryptocurrency market is known for its volatility. Stock prices in this sector can be subject to rapid fluctuations based on various factors, including regulatory news and cryptocurrency price movements. As always, investors should approach such investments with caution and conduct thorough research before making decisions.