Bit Digital (BTBT) Mined 53.4 BTC and 27 ETH in May 2022

Bit Digital, Inc. (Nasdaq: BTBT) announced its unaudited bitcoin production and corporate updates for the month of May 2022.

Corporate Highlights for May 2022

• In May 2022, the Company earned 53.4 bitcoins and 27.0 ETHs.
• Treasury holdings of BTC and ETH were 793.6 and 316.1, with a fair market value of approximately $25.2 million and $0.6 million, respectively, on May 31, 2022.
• The Company owned 33,376 bitcoin miners and 731 Ethereum miners as of May 31, 2022, with an estimated maximum total hash rate of 2.17 EH/s and 0.3 TH/s, respectively.

Miner Deployments

During the month of May and subsequent to month-end, the Company continued to work with our hosting partners to deploy miners. 17.9% of our currently-owned fleet, or 6,114 bitcoin miners and 0 Ethereum miners representing 0.352 Exahash ("EH/s") and 0.0 Terahash ("TH/s") respectively, was deployed in North America as of May 31, 2022.

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