CurrencyNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Monthly Production Update for January 2024

Company: Bit Digital Inc. (BTBT)
Category: News

Bit Digital Inc. (NASDAQ: BTBT) has announced its unaudited digital asset production and corporate updates for January 2024. The company produced 145.7 BTC, a 14% decrease compared to the previous month, with an active hash rate of approximately 2.50 EH/s as of January 31, 2024. Treasury holdings of BTC and ETH were 739.2 and 18,072.2 with a fair market value of approximately $31.4 million and $41.3 million, respectively. Bit Digital earned a blended APY of approximately 3.69% on its staked ETH position, with aggregate staking rewards of approximately 38.7 ETH during the month. The company also reported that as of January 23, 2024, it had 192 servers actively generating revenue from its inaugural Bit Digital AI contract, with an additional 60 servers starting to generate revenue on February 4, 2024. The estimated unaudited revenue from this contract during January 2024 was approximately $1.0 million.

To view the full press release, visit

About Bit Digital

Bit Digital Inc. is a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City. Its bitcoin mining operations are located in the U.S., Canada and Iceland. The company has also established a business line, Bit Digital AI, that offers specialized cloud-infrastructure services for artificial intelligence applications.  For additional information, visit the company’s website at

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies. CNW is the central platform for understanding the multifaceted world of currencies and finance

To receive SMS text alerts from CurrencyNewsWire, text “Currency” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office

CurrencyNewsWire is powered by IBN