Bit Digital(US:BTBT) Prnewswireยท2024-09-05 20:30Core Insights - Bit Digital, Inc. reported its unaudited digital asset production and revenue for August 2024, highlighting a focus on sustainable digital assets and AI infrastructure [1] Corporate Highlights - As of August 31, 2024, the company operated 256 servers generating revenue from its Bit Digital AI contract, earning approximately $4.3 million in revenue for August 2024 [2] - The company produced 53.4 BTC in August 2024, reflecting an 11.7% decrease from the previous month [2] - The active hash rate was approximately 2.43 EH/s as of August 31, 2024 [2] - Treasury holdings included 682.4 BTC and 27,331 ETH, with fair market values of approximately $40.2 million and $68.7 million, respectively [2] - Total cash and cash equivalents amounted to $106.9 million, with total liquidity of approximately $216.5 million as of August 31, 2024 [2] Proof-of-Stake Highlights - The company had approximately 21,568 ETH actively staked in native staking protocols as of August 31, 2024 [3] - A blended annual percentage yield (APY) of approximately 3.1% was earned on the staked ETH position for August 2024 [3] - Aggregate staking rewards amounted to approximately 56.6 ETH during August 2024 [3] Upcoming Events - The company will participate in the 2024 Annual Gateway Conference in San Francisco, CA on September 4-5 [4] - The H.C. Wainwright 26th Annual Global Investment Conference will take place in New York, NY on September 11-12 [4]