Bit Digital Points August 2023 Manufacturing Replace

Bit Digital, Inc. (Nasdaq: BTBT) introduced its unaudited digital asset manufacturing and company updates for the month of August 2023.

Company Highlights for August 2023

• In August 2023, the Firm produced 139.9 BTC, a 5% enhance in comparison with the prior month. The rise was primarily pushed by a better common lively hash charge, partially offset by a rise in community issue.
• The Firm’s lively hash charge was roughly 2.03 EH/s as of August 31, 2023.
• Treasury holdings of BTC and ETH have been 758.5 and 13,002.1 with a good market worth of roughly $19.7 million and $21.4 million, respectively, on August 31, 2023.
• The BTC equal^[1] of our digital asset holdings as of August 31, 2023, was roughly 1,747.0 or roughly $45.3 million.
• The Firm had money and money equivalents of $24.9 million as of August 31, 2023.

Proof-of-Stake Highlights

• The Firm had roughly 13,188 ETH actively staked in native and liquid staking protocols as of August 31, 2023. Roughly 10,784 have been natively staked and a pair of,404 ETH have been deployed in liquid staking protocols as of that date.
• Moreover, the Firm has 416 ETH (13 Nodes) deposited however in queue to be activated on the Ethereum staking community, that are estimated to return on-line by the top of September 2023.
• Bit Digital earned a blended APY of roughly 4.4% on its staked ETH place for the month of August 2023.
• The Firm earned mixture staking rewards of roughly 46.7 ETH throughout August 2023.

Annual Common Assembly

• Bit Digital will host its Annual Common Assembly of the Firm’s shareholders at 9:00am ET on September 20, 2023. The assembly will likely be virtual-only. Please see right here for extra data: https://www.transhare.com/bitdigital.

Upcoming Convention Participation

Bit Digital will likely be presenting on the following conferences in September 2023:

• The H.C. Wainwright twenty fifth Annual World Funding Convention in New York Metropolis on September 11-13^th.
• The Singular Midwestern Values Convention (digital) on September 14^th.

About Bit Digital

Bit Digital, Inc. is a sustainability centered generator of digital belongings headquartered in New York Metropolis. Our mining operations are positioned within the US, Canada, and Iceland. For extra data, please contact ir@bit-digital.com or go to our web site at www.bit-digital.com.

Investor Discover

Investing in our securities includes a excessive diploma of danger. Earlier than investing resolution, it’s best to rigorously think about the dangers, uncertainties and forward-looking statements described underneath “Danger Elements” in Merchandise 3.D of our most up-to-date Annual Report on Type 20-F for the fiscal 12 months ended December 31, 2022. If any materials danger was to happen, our enterprise, monetary situation or outcomes of operations would possible endure. In that occasion, the worth of our securities may decline and you possibly can lose half or all your funding. The dangers and uncertainties we describe will not be the one ones going through us. Further dangers not presently identified to us or that we at present 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 tendencies shouldn’t be used to anticipate outcomes sooner or later. Future modifications within the network-wide mining issue charge or bitcoin hash charge can 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 elements together with community issue charge, complete hash charge of the community, the operations of our services, the standing of our miners, and different elements.

Protected 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 way of forward-looking terminology resembling “believes,” “expects,” or related expressions, involving identified and unknown dangers and uncertainties. Though the Firm 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 mustn’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 on account of quite a lot of elements, together with these mentioned within the Firm’s periodic stories which are filed with the Securities and Change Fee and accessible on its web site at https://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.

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SOURCE Bit Digital, Inc.