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. Through the month, the corporate earned 424.7 bitcoins, accounting for roughly $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 presently owns 40,865 mining machines globally with a mixed hash charge of two,253.5 PH/s, representing an estimated 1.4% of worldwide bitcoin mining community capability, primarily based on out there information on the time of this press launch.
This mining information launch is the primary in a collection of normal updates the corporate will publish to advertise transparency. “Bit Digital plans to launch manufacturing studies to assist key milestones frequently,” 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 include sure “forward-looking statements” referring to 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 recognized 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 could 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 might 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 studies which are filed with the Securities and Trade Fee and out there on its web site at http://www.sec.gov. All forward-looking statements attributable to the corporate or individuals performing on its behalf are expressly certified of their entirety by these elements. Aside from as required below the securities legal guidelines, the corporate doesn’t assume an obligation to replace these forward-looking statements.
SOURCE Bit Digital, Inc.