CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Reports May 2022 Production Update

June 8, 2022 12:07:43

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released its Bitcoin production numbers and corporate updates for May 2022. Highlights of the report indicate that the company earned 53.4 bitcoins and 27.0 ETHs in May, with treasury holdings of BTC and ETH totaling 793.6 and 316.1 respectively; fair market value of each are approximately $25.2 million and $0.6 million, respectively. In addition, the company reports that as of May 31, 2022, it owned 33,376 Bitcoin miners and 731 Ethereum miners with an estimated maximum total hash rate of 2.17 EH/s and 0.3 TH/s, respectively. Regarding miner deployments during the month, Bit Digital continued to work with hosting partners to deploy miners, with 17.9% of its currently owned fleet, or 6,114 Bitcoin miners representing 0.352 Exahash (“EH/s”), being deployed in North America.

To view the full press release, visit https://ccw.fm/XRBOM

About Bit Digital Inc.

Bit Digital is a Bitcoin mining company headquartered in New York City. The company’s mining operations are located in North America. For additional information about this company, visit www.Bit-Digital.com.

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