Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (April 2023)
17 slides from Bit Digital's investor presentation, Apr 25, 2023
Slide 1: Bit Digital is an American sustainability-focused generator of digital assets
1 1 April 2023 Bit Digital is an American sustainability - focused generator of digital assets
Slide 2: Risk factors and Safe Harbor Statement
Investing 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
Slide 3: Our Mission
Our Mission To build a leading North American digital asset mining platform while setting the standard for sustainability 3
Slide 4: Bit Digital Highlights
Bit Digital Highlights Bit Digital Inc. (Nasdaq: BTBT) is a leading North American digital asset miner focused on sustainability Bit Digital is an institutional scale digital asset miner, with a fleet of 38 , 406 specialized computers, diversified across hosting locations in the U . S . and Canada B
Slide 5: Balance sheet remains a competitive advantage
ZERO leverage ZERO miner purchase obligations › $70M total liquidity cash ($27.9M) + digital assets ($42.1M) › › › ZERO infrastructure capex funding commitments Capital Markets: › EFFECTIVE $80 million Equity Line of Credit: ~9M shares available (Registration Statement effective with SEC) › EFFECTIV
Slide 6: Fiscal Year 2022 Highlights
FY 2022 Results Summary: › Total Revenue: $32.3 million › $32.7 million of cash with zero debt as of December 31, 2022 FY 2022 Operational Results Summary: Average Production Cost: $12,942 per bitcoin ((COGs (1) – Profit Sharing (2) )/ Bitcoins Produced) › Total BTC Mined in FY22: 1,247 › › Average
Slide 7: Strategic Priorities for 2023
» Maintain a best - in - class balance sheet • Continued focus on prudent balance sheet management through 2023 and beyond » Strategically deploy capital • Opportunistic credit investments • Prudent miner fleet growth: target to double operating fleet to approximately 2.6 EH/s during 2023 » Expand i
Slide 8: Bit Digital is infrastructure-light
Blockfusion is a data center company powered by the clean energy of Niagara Falls A US leader in network development, hosting, and mining operations; 90% of operations are zero - carbon, 50% powered by renewable energy Hosting strategy designed to maximize shareholders returns and operational resili
Slide 9: ESG: We are a leader in digital asset sustainability
ESG: We are a leader in digital asset sustainability Inspired by the Paris Climate Agreement, the CCA is a private sector - led initiative for the entire crypto community, focused on decarbonizing the cryptocurrency and blockchain industry. BMC is a voluntary and open forum of Bitcoin miners committ
Slide 10: Our strategy enables us to purchase opportunistically
Our strategy enables us to purchase opportunistically Strategic Procurement Advantage Order Delivery Purchase Delivery Purchase Delivery Purchase Delivery Direct from Manufacturer Spot Market Differentiated miner procurement enables us to continue scaling, even at times of industry turmoil » Not rel
Slide 11: Bit Digital Introduces ETH Staking
Bit Digital Introduces ETH Staking Bit Digital has expanded into validating transactions on the Ethereum blockchain Accumulating and actively staking ETH to generate yields New, predictable and recurring stream of digital asset rewards Diversifies into another blue - chip digital asset and provides
Slide 12: Ethereum Miners vs Validators Compensation
Ethereum Miners Compensation Ethereum Validators Compensation Estimated Varies Rewards dependent on network usage 12 Estimated 6.7% 3 APR on staked Ethereum The Ethereum Blockchain • Ethereum powers a smart contract economy that has made it the second biggest blockchain by market capitalization - ~$
Slide 13: Ethereum staking benefits Bit Digital stakeholders
Ethereum staking benefits Bit Digital stakeholders Revenue Diversification: Rewards denominated in ETH APR - earning asset with deflationary properties 1 NAV appreciation potential: Exposure to smart contract economy predicted to be a growing driver of ETH demand Potential for ETH balances to compou
Slide 14: The Bit Digital Flywheel
NASDAQ: BIBT The Bit Digital Flywheel @ 1 Sustainable BIC Power Mining Redeploy BTC Miners Rewards Assets 4 Accumulate —= PoS Exchange fae Network BIG for A . 14 BIT DIGITAL
Slide 15: Leadership Team: Sam V. Tabar
Leadership Team SAM V. TABAR Chief Executive Officer Mr. Tabar served as Chief Strategy Officer of Bit Digital from 2021 to 2023. He served as the Co - Founder and Chief Strategy Officer of Fluidity from April 2017 to June 2020. Prior to this, he held the title of Partner at FullCycle Fund which he
Slide 16: Leadership Team: Bryan Bullett
Leadership Team BRYAN BULLETT Senior Advisor Mr. Bullett served as Chief Executive Officer of Bit Digital from 2021 to 2023. From August 2016 to June 2019, Mr. Bullett served as Executive Vice President for US affiliates of the company now known as E&P Financial Group. From August 2012 to July 2016,
Slide 17: Contact
33 Irving Place New York, NY 10003 United States +1 212 463 5121 IR@bit - digital.com 17 17