Business
Bit Digital Featured in The Wall Street Journal In-Depth Video Report
NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York
About this update from Bit Digital, Inc.
[{"type":"text","content":"NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (\"Bit Digital\" or the \"Company\"), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, was the focus of an in-depth video report by The Wall Street Journal on its operations and efforts to utilize carbon neutral energy sources for mining. The video was released on October 14, 2021.\nThe video recording is available below: \n \n\"We applaud The Wall Street Journal's coverage of the important topic of sustainability in bitcoin mining operations, and for highlighting some of our efforts in this regard,\" commented CSO Sam Tabar.\nPursuant to the terms of the strategic agreement between BlockfusionUSA, Inc (\"Blockfusion\"), Blockfusion, whom are sole owners of the facility, provides certain premises and services to Bit Digital for the operation of a 35 MW bitcoin mining system for a term of 2 years, with automatic one-year renewals. During the term and for twelve (12) months thereafter, Bit Digital shall have a right of first refusal (\"ROFR\") to match any bona fide offer from a third party to finance or acquire securities and/or assets of Blockfusion, including this facility. \nConsistent with the Bit Digital's leadership in sustainability, the energy used by the mining system is expected to be generated primarily from zero carbon emission sources. \nAbout Bit Digital, Inc.\nBit Digital, Inc. is a sustainability-focused bitcoin mining company headquartered in New York City. Bit Digital's mining operations are located in the United States and Canada.\nAbout Blockfusion USA, Inc.\nBlockfusion USA, Inc., founded in 2019 and privately held, is a sustainability-focused owner and operator of one of the largest crypto mining facilities in the northeastern United States, powered primarily by carbon free energy.\nInvestor Notice\nInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under \"Risk Factors\" in Item 3.D of our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2020. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our...