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NetworkNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Provides April 2022 Production, Corporate Updates

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

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released its unaudited bitcoin production and corporate updates for April 2022. According to the announcement, during the month the company earned 76.23 Bitcoins and 77.32 ETH, and reported BTC and ETH treasury holdings of 754.32 and 323.95 with a fair market value of approximately $28.4 million and $1.1 million. In addition, the company announced that it owns 30,865 Bitcoin miners and 731 Ethereum miners at month end, with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively. Bit Digital also continues to work with its hosting partners to deploy miners, with 34.7% of its currently owned fleet, or 10,250 bitcoin miners and 713 Ethereum miners representing 0.552 Exahash (“EH/s”) and 0.188 Terahash (“TH/s”) respectively, being deployed in North America by April 30, 2022. The company will also be participating in two conferences in May: the H.C. Wainwright Global Investment Conference, held in Miami Beach, Florida, and the B. Riley Securities 22nd Annual Institutional Investor Conference in Beverly Hills, California.

To view the full press release, visit https://nnw.fm/gbwxY

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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