Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (May 2021)
18 slides from Bit Digital's investor presentation, May 27, 2021
Slide 1: One of the world's largest publicly-listed bitcoin mining companies
NASDAQ: BTBT One of the world's largest publicly - listed bitcoin mining companies May 27, 2021
Slide 2: Investor Notice and Safe Harbor Statement
Investor Notice and Safe Harbor Statement 2 Investing in Bit Digital, Inc.’s 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
Slide 3: Bit Digital mines bitcoin, the earliest cryptocurrency to meet widespread success
Bit Digital mines bitcoin, the earliest cryptocurrency to meet widespread success and institutional adoption “Bitcoin is a low - transaction fee, almost zero transmitting fee and nearly zero storage fee globally tradable asset.” - Report to the United States SEC by Bitwise, a cryptocurrency index fu
Slide 4: Bit Digital is a sustainability-focused generator of digital assets
Bit Digital is a sustainability - focused generator of digital assets with large - scale, global mining operations, representing a current maximum hash rate of 2,574 PH/S. Global Headquartered in New York, with operations and capabilities spanning two continents, our historical links to China’s bitc
Slide 5: Leading Global Mining Operations
Leading Global Mining Operations Hash Rate 2,574 PH/S Number of Miners 45,736 Bitcoins Mined to Date 1,934.89 BTC Bit Digital represents the largest currently - owned and operating fleet of any US - listed bitcoin miner, with an aggressive growth plan focused on increasing capacity month - on - mont
Slide 6: Sustainability
Susta i na b ility 6 We have a strategic focus on sustainability with the majority of our operations running on carbon - free energy sources, making us leaders in sustainability within the industry. We seek to continually increase our usage of clean energy, working towards 100% sustainable power.
Slide 7: Global Facilities and Energy Mix
Global Facilities and Energy Mix Ongoing focus on expanding use of renewables and other sustainable solutions United States ● Nebraska, Texas and Georgia ● Energy mix includes significant non - carbon sources ● Curtailment program offers grid the ability to curtail our energy use, to manage grid sta
Slide 8: Hosting Partnerships
Hosting Partnerships Through strategic global partnerships with institutional - quality specialist hosting providers, our unique business model positions us for what we view as the most attractive use of our capital resources: digital assets. Photos taken at partner hosting site in Nebraska, USA 8
Slide 9: Global mining operations represent an estimated 1.86% of the bitcoin network
Bit Digital’s global mining operations represent an estimated 1.86% of the total bitcoin network 9
Slide 10: Selected Milestones
February 2020 April 2020 July 2020 Sept 2020 October 2020 Commenced bitcoin mining operations. Launched 6,004 MicroBT M21S miners with total hash rate of 310 Ph/s. Launched additional 16,865 miners including 800 Innosilicon T3, 256 Bitmain T17+, 2,200 MicroBT M10, 2,696 MicroBT M20S, and 10,813 Micr
Slide 11: Selected Milestones (Continued)
February 2021 April 2021 May 2021 Expanded hosting partnerships with Compute North and Link Global Technologies, allowing us to deploy more miners in North America. Launched additional 4,871 mining units, including Bitmain S17+, Bitmain S17, and Bitmain S19Pro miners. Bit Digital’s total hash rate r
Slide 12: Bitcoins Mined per Quarter
Bitcoins Mined per Quarter 7 2 .24 2.48 12 7 3 9. 5 1 6 9 5. 9 6 1013 .40 0 2 0 0 4 0 0 6 0 0 8 0 0 1 0 00 1 2 00 2020 Q1 2020 Q2 2020 Q2 2020 Q4 2021 Q1
Slide 13: Owned Miner Fleet Growth
Owned Miner Fleet Growth 6,004 13 6,004 6,004 22,869 22,869 22,869 22,869 22,869 40,865 40,865 40,865 40,965 43,606 5 , 0 0 0 - 1 0 , 000 2 0 , 000 1 5 , 000 2 5 , 000 4 0 , 000 3 5 , 000 3 0 , 000 4 5 , 000 5 0 , 000 A p r - 20 M ay - 20 Ju n - 2 0 Jul - 20 A u g - 20 S e p - 20 Oct - 20 N ov - 20
Slide 14: Hash Rate (Computing Power) Growth
Hash Rate (Computing Power) Growth 310 310 310 14 1,250 1,250 1,250 1,250 1,250 2,253.5 2,253.5 2,253.5 2,264.5 2,423.15 - 5 00 1 , 0 0 0 1 , 5 0 0 2 , 0 0 0 2 , 5 0 0 3 , 0 0 0 A p r - 20 May - 20 Ju n - 2 0 Jul - 20 A u g - 20 S e p - 20 Oct - 20 Nov - 20 Dec - 20 Jan - 21 Fe b - 2 1 Ma r - 2 1 A
Slide 15: Leadership Team
Leadership Team: international expertise in finance, investment, technology and digital assets Bryan Bullett, Chief Executive Officer Mr. Bullett brings over 20 years of experience in investment banking, capital markets, financial services, financial technology and technology - related sectors. Sinc
Slide 16: Leadership Team (Continued)
Leadership Team (Continued) Brock Pierce, Advisory Board Member Brock Pierce is an entrepreneur, artist, venture capitalist, and philanthropist with an extensive track record of founding, advising and investing in disruptive businesses. He's credited with pioneering the market for digital assets and
Slide 17: Leadership Team (Continued)
Leadership Team (Continued) Erke “Eric” Huang, Chief Financial Officer Mr. Huang has served as Chief Financial Officer of the Company from October 2019. Prior thereto, he was a Co - Founder and advisor of Long Soar Technology Limited from August 2019 and Founder and CEO of Bitotem Investment Limited
Slide 18: Thank you.
BIT DIGITAL NASDAQ: BTBT Thank you.