Business
Bit Digital, Inc. Announces Monthly Production Update for April 2022
NEW YORK, May 10, 2022 /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, May 10, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (\"Bit Digital\" or the \"Company\"), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of April 2022.\n\n \n \n \n \n \n \n\n \nCorporate Highlights for April 2022\nIn April 2022, the Company earned 76.23 bitcoins and 77.32 ETH.Treasury holdings of BTC and ETH were 754.32 and 323.95, with a fair market value of approximately $28.4 million and $1.1 million, respectively, on April 30, 2022.The Company owned 30,865 bitcoin miners and 731 Ethereum miners as of April 30, 2022, with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively.Miner Deployments \nDuring the first quarter and subsequent to quarter end, the Company continued to work with its hosting partners to deploy miners.\n34.7% 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, was deployed in North America as of April 30, 2022.\nConference Participation\nDuring the month of May 2022, Bit Digital will be participating at the H.C. Wainwright Global Investment Conference in Miami Beach, FL and the B. Riley Securities 22nd Annual Institutional Investor Conference in Beverly Hills, CA.\nAbout Bit Digital\nBit Digital, Inc. is a bitcoin mining company headquartered in New York City. Our mining operations are located in North America. For additional information, please contact [email protected] or visit our website at www.bit-digital.com.\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, 2021. 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 securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our p...