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

Bit Digital Inc. (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has released Bitcoin production report along with corporate updates for December 2022. Highlights of the report include news that the company earned 130 Bitcoins, which is a 10% decrease compared to the prior month; the announcement noted that the decline in production was primarily driven by planned curtailment activities at designated locations. Treasury holdings at the end of the month were BTC of 946.6 and ETH of 8,799.9 with a fair market value of approximately $15.7 million and $10.5 million, respectively. The report also noted that “the BTC equivalent of our digital asset holdings as of December 31, 2022, (defined as if all ETH, sETH-H and USDC holdings were converted into BTC as of that date and added to our BTC holdings) was approximately 1,765.8. . . . . Thirty-five percent of the company’s Bitcoin mining fleet, or 13,595 Bitcoin miners representing 1.23 EH/s, was actively hashing in North America as of December 31, 2022.”

To view the full press release, visit https://ccw.fm/TyJr7

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.

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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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