Bit Digital, Inc. (Nasdaq: BTBT) introduced its unaudited digital asset manufacturing and company updates for the month of
Company Highlights for
- 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, onAugust 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 ofAugust 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 onSeptember 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
- The
H.C. Wainwright twenty fifth Annual World Funding Convention inNew York Metropolis onSeptember 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
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
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.
[1] “BTC equal” is a hypothetical illustration of the worth of our digital asset portfolio in bitcoin phrases. BTC equal is outlined as if all non-BTC digital belongings, comprised of ETH, sETH-h, LsETH, and USDC, have been transformed into BTC as of |
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SOURCE Bit Digital, Inc.