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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Issues July 2022 Production Update

Company: Bit Digital Inc. (BTBT)
Category: News

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited bitcoin and ethereum production and corporate updates for the month of July 2022. According to the update, the company earned 142.5 bitcoins in July 2022, reflecting an 111% increase compared to the prior month. In addition, the company earned 0.5 ETH during July 2022 compared to 0.0 in the month ending June 30, 2022. On July 31, 2022, treasury holdings of BTC and ETH were 889.1 and 2,176.9, with a fair market value of approximately $20.7 million and $3.7 million, respectively. Also, as of July 31, 2022, the company owned 38,135 bitcoin miners and 731 ethereum miners, with an estimated maximum total hash rate of 2.7 exahash (“EH/s”) and 0.3 terahash (“TH/s”), respectively. During the month, Bit Digital finalized an agreement for 5 megawatts of hosting capacity in Canada in a facility that utilizes a primarily hydroelectric energy source.

To view the full news release, visit https://ccw.fm/syl6W

About Bit Digital Inc.

Bit Digital is a bitcoin mining company headquartered in New York City. Its mining operations are located in North America. For additional information, please contact IR@bit-digital.com or visit the company’s website at www.Bit-Digital.com.

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