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 information for the month ended January 31, 2021. Throughout 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 extra mining items on the finish of 2020. Bit Digital at present owns 40,865 mining machines globally with a mixed hash charge of two,253.5 PH/s, representing an estimated 1.4% of world bitcoin mining community capability, based mostly on out there information on the time of this press launch.
This mining information launch is the primary in a sequence of normal updates the corporate will publish to advertise transparency. “Bit Digital plans to launch manufacturing stories to help key milestones regularly,” shared interim CEO and CFO Erke Huang. “We imagine in our management place throughout the mining sector, and can attempt to guard each our model’s popularity and our stakeholders’ pursuits in Bit Digital.”
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, aside from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by way of forward-looking terminology reminiscent of “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 cheap, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. Traders 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 may 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 stories which might be filed with the Securities and Alternate 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. Aside 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.