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Suphansa Subruayying
Bit Digital (NASDAQ:BTBT) produced 141.3 bitcoin (BTC-USD) in September, down 3% in contrast with August attributable to a rise within the community hash price, the corporate stated Thursday. It earned no ethereum (ETH-USD) throughout the month.
Treasury holdings had been 943.3 BTC with a good market worth of ~$18.3M and 5.261.7 ETH with a good market worth of ~$7.0M as of Sept. 30.
The corporate owned 38,594 bitcoin miners and 730 Ethereum miners as of Sept. 30, 2022, with an estimated most complete hash price of two.7 Exahash and 0.3 Terahash, respectively.
36% of Bit Digital’s fleet (BTBT), or 14,308 bitcoin miners was actively hashing in North America on the finish of the month. None of its ETH miners was hashing.
As of Sept. 30, 2022, Compute North supplied ~20 MW of capability for the corporate’s miners. Bit Digital’s (BTBT) general anticipated future internet hosting capability with Compute North is 48 MW.
In September, Compute North filed for Chapter 11. Whereas the corporate is reviewing its relationship with Compute North, it would not anticipate the chapter submitting will have an effect on Bit Digital’s (BTBT) present mining operations.
Earlier this month, Bit Digital (BTBT) acquired a cease-and-desist order from the Metropolis of Niagara Falls, New York calling for facility owned by considered one of its internet hosting companions to cease crypto-mining operations..
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