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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Reports on September 2022 Production

Bit Digital Inc. (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has released September 2022 unaudited numbers for its Bitcoin and Ethereum production; the report also included corporate updates for the month. Highlights note that last month Bit Digital earned 141.3 Bitcoins, which is a 3% decrease compared to August 2022. According to the company, the downward trend resulted from an increase in the network hash rate. As of Sept. 30, 2022, treasury holdings of BTC and ETH for the company were 943.3 and 5,261.7, with a fair market value of approximately $18.3 million and $7.0 million, respectively; the company also reported owning 38,594 Bitcoin miners and 730 Ethereum miners at month’s end. As for miner deployment, Bit Digital deployed 14,308 Bitcoin miners and 0 ETH miners, representing 36% of the Company’s fleet and 1.35 EH/s and 0 TH/s, respectively. The report also noted that Compute North provided approximately 20 MW of capacity for the Company’s miners during the month with Bit Digital’s overall expected future hosting capacity with Compute North projected to be approximately 48 MW. The report added that Compute North has filed for Chapter 11, and Bit Digital has requested additional information and is reviewing its relationship with Compute North. 

To view the full press release, visit https://ccw.fm/axvwA

About Bit Digital Inc.

Bit Digital is a bitcoin mining company headquartered in New York City. The company’s mining operations are located in North America. For additional information about this company, visit www.Bit-Digital.com.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

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