CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Reports on December 2022 Monthly Production
Jan 9, 2023
Bit Digital Inc. (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has released Bitcoin production report along with corporate updates for December 2022. Highlights of the report include news that the company earned 130 Bitcoins, which is a 10% decrease compared to the prior month; the announcement noted that the decline in production was primarily driven by planned curtailment activities at designated locations. Treasury holdings at the end of the month were BTC of 946.6 and ETH of 8,799.9 with a fair market value of approximately $15.7 million and $10.5 million, respectively. The report also noted that “the BTC equivalent of our digital asset holdings as of December 31, 2022, (defined as if all ETH, sETH-H and USDC holdings were converted into BTC as of that date and added to our BTC holdings) was approximately 1,765.8. . . . . Thirty-five percent of the company’s Bitcoin mining fleet, or 13,595 Bitcoin miners representing 1.23 EH/s, was actively hashing in North America as of December 31, 2022.”
To view the full press release, visit https://ccw.fm/TyJr7
About Bit Digital Inc.
Bit Digital is a bitcoin mining company headquartered in New York City. The company’s mining operations are located in North America. For additional information about this company, visit www.Bit-Digital.com.
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