Bit Digital, Inc. Announces Monthly Production Update for March 2023

[ad_1] <div>NEW YORK, April 5, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Firm"), a digital asset mining firm headquartered in New York, introduced its unaudited bitcoin manufacturing and company updates for the month of March 2023.<figure class="caas-figure"><div class="caas-figure-with-pb" style="max-height: 77px"><div><div class="caas-img-container caas-img-loader" style="padding-bottom:19%;"><a target="_blank" class="link" href="https://mma.prnewswire.com/media/1936804/Bit_Digital_Logo.html" rel="nofollow noopener" data-ylk=""><img class="caas-img caas-lazy" alt="(PRNewsfoto/Bit Digital, Inc.)" src="https://s.yimg.com/ny/api/res/1.2/to2e60Tth0IB.dQjyqwcXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzNg--/https://media.zenfs.com/en/prnewswire.com/2d46c3e6bdab4bb39d8ef95c6d755817"/><noscript><img alt="(PRNewsfoto/Bit Digital, Inc.)" src="https://s.yimg.com/ny/api/res/1.2/to2e60Tth0IB.dQjyqwcXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzNg--/https://media.zenfs.com/en/prnewswire.com/2d46c3e6bdab4bb39d8ef95c6d755817" class="caas-img"/></noscript></a></div></div></div><figcaption class="caption-collapse">(PRNewsfoto/Bit Digital, Inc.)</figcaption></figure>Company Highlights for March 2023<ul class="caas-list caas-list-bullet"><li>In March 2023, the Firm earned 119.4 bitcoins, a ten% improve in comparison with the prior month. The rise in manufacturing was primarily pushed by extra days in the course of the month.</li><li>12,938 bitcoin miners representing 1.25 EH/s had been actively hashing in North America as of March 31, 2023.</li><li>Treasury holdings of BTC and ETH had been 724.8 and 9,136.2 with a good market worth of roughly $20.6 million and $16.6 million, respectively, on March 31, 2023.</li><li>The BTC equal[1] of our digital asset holdings as of March 31, 2023 (outlined as if all ETH, sETH-H, LsETH, and USDC holdings had been transformed into BTC as of that date and added to our BTC holdings) was roughly 1,480.0, or roughly $42.1 million.</li><li>The Firm had money and money equivalents of $27.9 million as of March 31, 2023.</li><li>The Firm didn't buy or promote any miners in the course of the month.</li></ul>About Bit DigitalBit Digital, Inc. is a bitcoin mining firm headquartered in New York Metropolis. Our mining operations are situated in North America. For extra data, please contact <a target="_blank" href="https://finance.yahoo.com/amphtml/news/mailto:ir@bit-digital.com" rel="nofollow noopener" data-ylk="slk:ir@bit-digital.com;elm:context_link;itc:0" class="link ">ir@bit-digital.com</a> or go to our web site at <a target="_blank" href="http://www.bit-digital.com/" rel="nofollow noopener" data-ylk="slk:www.bit-digital.com;elm:context_link;itc:0" class="link ">www.bit-digital.com</a>.Investor DiscoverInvesting in our securities entails a excessive diploma of threat. Earlier than investing resolution, it is best to fastidiously contemplate the dangers, uncertainties and forward-looking statements described beneath "Threat Components" in Merchandise 3.D of our most up-to-date Annual Report on Type 20-F for the fiscal 12 months ended December 31, 2021. If any materials threat was to happen, our enterprise, monetary situation or outcomes of operations would seemingly undergo. In that occasion, the worth of our securities may decline and you may lose half or all your funding. The dangers and uncertainties we describe are usually not the one ones going through us. Further dangers not presently recognized to us or that we at present deem immaterial may impair our enterprise operations. As well as, our previous monetary efficiency is probably not a dependable indicator of future efficiency, and historic traits shouldn't be used to anticipate outcomes sooner or later. Future modifications within the network-wide mining issue charge or bitcoin hash charge may materially have an effect on the longer term efficiency of Bit Digital's manufacturing of bitcoin. Precise working outcomes will differ relying on many components together with community issue charge, complete hash charge of the community, the operations of our services, the standing of our miners, and different components.<button class="link caas-button collapse-button" aria-label="" title="" data-ylk="elm:readmore;slk:Story continues">Story continues</button>Secure Harbor AssertionThis press launch could comprise sure "forward-looking statements" regarding the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, aside from statements of historic truth included herein are "forward-looking statements." These forward-looking statements are sometimes recognized by means of forward-looking terminology resembling "believes," "expects," or comparable expressions, involving recognized 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 could show to be incorrect. Buyers shouldn't place undue reliance on these forward-looking statements, which converse 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 because of a wide range of components, together with these mentioned within the Firm's periodic stories which can be filed with the Securities and Trade Fee and obtainable on its web site at <a target="_blank" href="http://www.sec.gov/" rel="nofollow noopener" data-ylk="slk:http://www.sec.gov;elm:context_link;itc:0" class="link ">http://www.sec.gov</a>. All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these components. Aside from as required beneath the securities legal guidelines, the Firm doesn't assume an obligation to replace these forward-looking statements.<div class="caas-table"><table><tbody><tr class=""><td style="PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;" colspan="1" rowspan="1">[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 property, comprised of ETH, sETH-h, LSETH, and USDC, had been transformed into BTC as of March 31, 2023, and added to our present BTC stability. Conversion values are discovered utilizing the closing value on coinmarketcap.com. The closing value of ETH is used as a proxy for the value of sETH-H (receipt token) on a 1:1 foundation.</td></tr></tbody></table></div> <figure class="caas-figure"><div class="caas-img-container caas-img-loader" style="height:16px;width:100%;"><img class="caas-img caas-lazy has-preview has-width" alt="Cision" src="https://s.yimg.com/ny/api/res/1.2/UgNaLV2Ob1YP9Aj6DqTvxA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MzY-/https://media.zenfs.com/en/prnewswire.com/a79c8eb7513901b624609395597f6324" height="16" width="16"/><noscript><img alt="Cision" src="https://s.yimg.com/ny/api/res/1.2/UgNaLV2Ob1YP9Aj6DqTvxA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MzY-/https://media.zenfs.com/en/prnewswire.com/a79c8eb7513901b624609395597f6324" height="16" width="16" class="caas-img has-width"/></noscript></div><figcaption class="caption-collapse">Cision</figcaption></figure>View authentic content material to obtain multimedia:<a target="_blank" href="https://www.prnewswire.com/news-releases/bit-digital-inc-announces-monthly-production-update-for-march-2023-301791209.html" rel="nofollow noopener" data-ylk="slk:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-monthly-production-update-for-march-2023-301791209.html;elm:context_link;itc:0" class="link ">https://www.prnewswire.com/news-releases/bit-digital-inc-announces-monthly-production-update-for-march-2023-301791209.html</a>SOURCE Bit Digital, Inc.</div> [ad_2] <a href="https://finance.yahoo.com/amphtml/news/bit-digital-inc-announces-monthly-220000815.html">Source link </a>