Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (September 2023)
18 slides from Bit Digital's investor presentation, Sep 11, 2023
Slide 1: Bit Digital is an American sustainability-focused generator of digital assets
Bit Digital is an American sustainability - focused generator of digital assets September 2023
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 Annual Report on Form 20 - F for the fiscal year ended December
Slide 3: Our Mission
To build a leading global digital asset production platform while setting the standard for sustainability OUR MISSION 3
Slide 4: Bit Digital Highlights
Bit Digital Highlights Bit Digital Inc. (Nasdaq: BTBT) is a sustainability focused generator of digital assets Bit Digital is an institutional scale digital asset miner, with a fleet of more than 40,000 specialized computers, diversified across hosting locations in the U.S., Canada, and Iceland Bit
Slide 5: Balance Sheet Remains a Competitive Advantage
Balance Sheet Remains a Competitive Advantage Notes: Data as of 6/30/2023. Figures are unaudited. $48.0 million represents fair market value of digital assets as of 6/30/23 Strong liquidity position to weather potential downturns Balance Sheet as June 30, 2023: $68M total liquidity cash ($20M) + dig
Slide 6: Second Quarter of 2023 Highlights
Second Quarter of 2023 Highlights Q2 2023 Results Summary: Total Revenue: $9.0 million (+9% vs 1Q23; +33% vs. 2Q22) Adjusted EBITDA (1) : $1.9 million (+26% vs. 1Q23; NM vs. 2Q22) Q2 2023 Operation Results Summary: Total BTC Mined in Q2 2023: 318 Average Production Cost: $13,715 per Bitcoin (COGs (2
Slide 7: Strategic Priorities for 2023
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 expand operating fleet to approximately 3.5 EH/s by
Slide 8: Geographically Diversified Hosting Facilities
Geographically Diversified Hosting Facilities 99% Carbon Free As of Q2 2023 8
Slide 9: ESG: We are a Leader in Digital Asset Sustainability
ESG: We are a Leader in Digital Asset Sustainability Our fleet was running on 99% carbon free energy as of June 30, 2023, without using carbon credits or offsets Inspired by the Paris Climate Agreement, the CCA is a private sector - led initiative for the entire crypto community, focused on decarbon
Slide 10: Bit Digital is Infrastructure-Light
Bit Digital is Infrastructure - Light Hosting strategy designed to maximize shareholders returns and operational resiliency We partner with leading data center operators, allowing us to specialize in mining Our hosting contracts provide more than enough to power our current fleet, providing substant
Slide 11: Strategic Procurement Advantage
Strategic Procurement Advantage Our strategy enables us to purchase opportunistically Order Delivery Purchase Delivery Purchase Delivery Purchase Delivery Direct from Manufacturer Spot Market Differentiated miner procurement enables us to continue scaling, even during times of industry turmoil Not r
Slide 12: 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 13: The Ethereum Blockchain
The Ethereum Blockchain • Ethereum powers a smart contract economy that has made it the second biggest blockchain by market capitalization - ~$195 billion (as of September 2023) 1 • Proliferation of use cases (DeFi, NFTs,Metaverse, DAOs, etc.) expected to drive network volume and ETH value • Key upg
Slide 14: ETH Staking Benefits Bit Digital Shareholders
ETH Staking Benefits Bit Digital Shareholders Revenue Diversification: Rewards denominated in ETH APR - earning asset with deflationary properties NAV appreciation potential: Exposure to smart contract economy predicted to be a growing driver of ETH demand Potential for ETH balances to compound over
Slide 15: The Bit Digital Flywheel
The Bit Digital Flywheel Earn rewards by sustainably mining Bitcoin Exchange Bitcoin mining rewards for Ethereum Stake Ethereum to earn yield and accumulate rewards Use Ethereum yield to pour back into Bitcoin miners Repeat, creating a perpetual flywheel 15
Slide 16: Leadership Team
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
Slide 17: Leadership Team
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
Slide 18: Irving Place New York, NY 10003 United States +1 5121 IR@bit - digital.com
33 Irving Place New York, NY 10003 United States +1 212 463 5121 IR@bit - digital.com