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

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 https://ibn.fm/sIduB

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 www.bit-digital.com.

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