Bit Digital, Inc. Pronounces Month-to-month Manufacturing Replace for April 2022

Fenika Bench

NEW YORK, Could 10, 2022 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Firm”), a bitcoin mining firm headquartered in New York, introduced its unaudited bitcoin manufacturing and company updates for the month of April 2022.

Firm Brand (PRNewsfoto/Bit Digital, Inc.)

Company Highlights for April 2022

  • In April 2022, the Firm earned 76.23 bitcoins and 77.32 ETH.

  • Treasury holdings of BTC and ETH had been 754.32 and 323.95, with a good market worth of roughly $28.4 million and $1.1 million, respectively, on April 30, 2022.

  • The Firm owned 30,865 bitcoin miners and 731 Ethereum miners as of April 30, 2022, with an estimated most whole hash fee of 1.9 EH/s and 0.3 TH/s, respectively.

Miner Deployments

Throughout the first quarter and subsequent to quarter finish, the Firm continued to work with its internet hosting companions to deploy miners.

34.7% of its currently-owned fleet, or 10,250 bitcoin miners and 713 Ethereum miners representing 0.552 Exahash (“EH/s”) and 0.188 Terahash (“TH/s”) respectively, was deployed in North America as of April 30, 2022.

Convention Participation

Throughout the month of Could 2022, Bit Digital might be collaborating on the H.C. Wainwright International Funding Convention in Miami Seaside, FL and the B. Riley Securities twenty second Annual Institutional Investor Convention in Beverly Hills, CA.

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 entails a excessive diploma of danger. Earlier than investing choice, it is best to fastidiously think about the dangers, uncertainties and forward-looking statements described underneath “Danger Components” in Merchandise 3.D of our most up-to-date Annual Report on Type 20-F for the fiscal yr ended December 31, 2021. If any materials danger was to happen, our enterprise, monetary situation or outcomes of operations would possible undergo. In that occasion, the worth of our securities may decline and you may lose half or your entire funding. The dangers and uncertainties we describe will not be the one ones going through us. Extra dangers not presently recognized to us or that we presently deem immaterial can also impair our enterprise operations. As well as, our previous monetary efficiency will not be a dependable indicator of future efficiency, and historic developments shouldn’t be used to anticipate outcomes sooner or later. Future adjustments within the network-wide mining issue fee or bitcoin hash fee can also materially have an effect on the longer term efficiency of Bit Digital’s manufacturing of bitcoin. Precise working outcomes will fluctuate relying on many elements together with community issue fee, whole hash fee of the community, the operations of our amenities, the standing of our miners, and different elements. Moreover, all discussions of monetary metrics assume mining issue charges as of April 2022. See “Secure Harbor Assertion” under.

Secure Harbor Assertion

This press launch could include sure “forward-looking statements” referring to the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, apart from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology corresponding to “believes,” “expects,” or related expressions, involving recognized and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are cheap, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. Traders shouldn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of quite a lot of elements, together with these mentioned within the Firm’s periodic stories which are 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 Firm or individuals appearing on its behalf are expressly certified of their entirety by these elements. Aside from as required underneath the securities legal guidelines, the Firm 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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