Bit Digital, Inc. Proclaims Revised Internet hosting Settlement and Tools Improve with Compute North

Fenika Bench

NEW YORK, April 7, 2022 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Firm”), a bitcoin mining firm headquartered in New York, as we speak introduced a revised settlement with internet hosting associate Compute North LLC (“Compute North”). The revised settlement replaces and extends the time period of a earlier settlement for an extra 5 years and gives for about 6.5 MW of internet hosting capability for two,000 miners. The beforehand hosted tools will probably be upgraded to new Bitmain Antminer S19j Professional miners.

Company Logo (PRNewsfoto/Bit Digital, Inc.)

Firm Emblem (PRNewsfoto/Bit Digital, Inc.)

Compute North’s amenities in Nebraska and Texas presently present roughly 20 MW to energy our miners. Our total anticipated internet hosting capability with Compute North is roughly 48 MW.

About Bit Digital

Bit Digital, Inc. is a bitcoin mining firm headquartered in New York Metropolis. Our mining operations are positioned in North America. For extra info, please contact [email protected] or go to our web site at www.bit-digital.com.

Investor Discover

Investing in our securities includes a excessive diploma of threat. Earlier than investing choice, it’s best to rigorously take into account the dangers, uncertainties and forward-looking statements described below “Danger Components” in Merchandise 3.D of our most up-to-date Annual Report on Type 20-F for the fiscal 12 months ended December 31, 2020. If any materials threat was to happen, our enterprise, monetary situation or outcomes of operations would probably undergo. In that occasion, the worth of our securities might decline and you possibly can lose half or your whole funding. The dangers and uncertainties we describe should not the one ones dealing with us. Further dangers not presently identified to us or that we presently deem immaterial might also impair our enterprise operations. As well as, our previous monetary efficiency is probably not a dependable indicator of future efficiency, and historic tendencies shouldn’t be used to anticipate outcomes sooner or later. Future adjustments within the network-wide mining issue price or bitcoin hash price might also materially have an effect on the long run efficiency of Bit Digital’s manufacturing of bitcoin. Precise working outcomes will differ relying on many components together with community issue price, complete hash price of the community, the operations of our amenities, the standing of our miners, and different components. Moreover, all discussions of monetary metrics assume mining issue charges as of December 2021 besides as in any other case famous. See “Secure Harbor Assertion” beneath.

Secure Harbor Assertion

This press launch might comprise sure “forward-looking statements” referring to the enterprise of Bit Digital, Inc., and its subsidiary firms. All statements, apart from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology resembling “believes,” “expects,” or related expressions, involving identified and unknown dangers and uncertainties. Though the corporate believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. Buyers shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The corporate’s precise outcomes might differ materially from these anticipated in these forward-looking statements on account of a wide range of components, together with these mentioned within the firm’s periodic stories which might be filed with the Securities and Trade Fee and accessible on its web site at http://www.sec.gov. All forward-looking statements attributable to the corporate or individuals appearing on its behalf are expressly certified of their entirety by these components. Aside from as required below the securities legal guidelines, the corporate doesn’t assume an obligation to replace these forward-looking statements.

For extra info, please contact: [email protected], +1 (212) 463-5121

Cision

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SOURCE Bit Digital, Inc.

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