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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Issues July 2022 Production Update

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited bitcoin and ethereum production and corporate updates for the month of July 2022. According to the update, the company earned 142.5 bitcoins in July 2022, reflecting an 111% increase compared to the prior month. In addition, the company earned 0.5 ETH during July 2022 compared to 0.0 in the month ending June 30, 2022. On July 31, 2022, treasury holdings of BTC and ETH were 889.1 and 2,176.9, with a fair market value of approximately $20.7 million and $3.7 million, respectively. Also, as of July 31, 2022, the company owned 38,135 bitcoin miners and 731 ethereum miners, with an estimated maximum total hash rate of 2.7 exahash (“EH/s”) and 0.3 terahash (“TH/s”), respectively. During the month, Bit Digital finalized an agreement for 5 megawatts of hosting capacity in Canada in a facility that utilizes a primarily hydroelectric energy source.

To view the full news release, visit https://ccw.fm/syl6W

About Bit Digital Inc.

Bit Digital is a bitcoin mining company headquartered in New York City. Its mining operations are located in North America. For additional information, please contact IR@bit-digital.com or visit the company’s website at 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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