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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Releases August 2022 Production Update

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

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has announced its unaudited bitcoin and ethereum production and corporate updates for the month of August 2022. Among the highlights, the company reported that it earned 145.3 bitcoins, a 2% increase compared to the prior month, and 0 ETH during August 2022 compared to 0.5 in the month ending July 31, 2022. Treasury holdings of BTC and ETH were 919.2 and 3,684.0 with a fair market value of approximately $18.4 million and $5.7 million, respectively, as of Aug. 31, 2022. Also as of Aug. 31, Bit Digital owned 38,594 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. The company purchased 561 M30s miners and sold 103 M21 miners during the month.

To view the full news release, visit https://ccw.fm/U6cJm

About Bit Digital Inc.

Bit Digital is a bitcoin mining company headquartered in New York City with operations 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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