Bit Digital, Inc. Announces Monthly Production Update for October 2024 | PR Newswire [Video]

NEW YORK, Nov. 6, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of October 2024.

Corporate Highlights for October 2024

• The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of October 31, 2024. The Company earned approximately $4.3 million of unaudited revenue from this contract during the month of October 2024.
• In October 2024, the Company produced 52.2 BTC, a 1.4% increase compared to the prior month.
• The Company’s active hash rate was approximately 2.43 EH/s as of October 31, 2024.
• Treasury holdings of BTC and ETH were 781.2 and 27,503.4 with a fair market value of approximately $54.8 million and $69.2 million, respectively, on …