Bit Digital (BTBT) earned 152.5 bitcoins in Oct.

Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, announced its unaudited bitcoin production and corporate updates for the month of October 2022.

Corporate Highlights for October 2022

• In October 2022, the Company earned 152.5 bitcoins, an 8% increase compared to the prior month. The increase was driven by a higher active hash rate and partially offset by an increase in the total bitcoin network hash rate.
• Treasury holdings of BTC and ETH were 980.0 and 6,868.3 with a fair market value of approximately $20.1 million and $10.8 million, respectively, on October 31, 2022.
• The Company owned 38,593 bitcoin miners and 730 Ethereum miners as of October 31, 2022, with an estimated maximum total hash rate of 2.7 Exahash ("EH/s") and 0.3 Terahash ("TH/s), respectively.

Miner Deployments

38% of the Company's bitcoin mining fleet, or 14,604 bitcoin miners representing 1.36 EH/s, was actively hashing in North America as of October 31, 2022.

You May Also Be Interested In

• Analyst sees Bitcoin hitting $227K-$378K amid monetary scarcity, gold flows
• Lands' End (LE) Tops Q1 EPS by 8c ; Offers Guidance
• HUT 8 appoints former Merrill Lynch CEO O'Neal as board chair