NEW YORK, March 2, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT), an rising bitcoin mining firm headquartered in New York, introduced its unaudited Bitcoin manufacturing knowledge for the month ended January 31, 2021. Through the month, the corporate earned 424.7 bitcoins, accounting for about $14.8 million in income. As of January 31, 2021, the corporate held 488.5 bitcoins in treasury, versus 262.6 bitcoins as of December 31, 2021.
The rise in mining manufacturing was primarily attributable to the launch of 17,996 further mining items on the finish of 2020. Bit Digital presently owns 40,865 mining machines globally with a mixed hash price of two,253.5 PH/s, representing an estimated 1.4% of world bitcoin mining community capability, based mostly on out there knowledge on the time of this press launch.
This mining knowledge launch is the primary in a sequence of standard updates the corporate will publish to advertise transparency. “Bit Digital plans to launch manufacturing reviews to assist key milestones regularly,” shared interim CEO and CFO Erke Huang. “We imagine in our management place throughout the mining sector, and can try to guard each our model’s fame and our stakeholders’ pursuits in Bit Digital.”
Protected Harbor Assertion
This press launch could comprise sure “forward-looking statements” regarding the enterprise of Bit Digital, Inc., and its subsidiary firms. All statements, aside from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by way of forward-looking terminology equivalent to “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 could show to be incorrect. Buyers mustn’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 quite a lot of components, together with these mentioned within the firm’s periodic reviews which might be filed with the Securities and Change Fee and out there 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. Apart from as required underneath the securities legal guidelines, the corporate doesn’t assume an obligation to replace these forward-looking statements.
SOURCE Bit Digital, Inc.