Core Insights - Bit Digital, Inc. reported its unaudited digital asset production and revenue for September 2024, highlighting its performance in the digital asset and AI infrastructure sectors [1] Corporate Highlights - As of September 30, 2024, the company operated 256 servers generating revenue from its Bit Digital AI contract, earning approximately $4.2 million in revenue for September 2024 [2] - The company produced 51.5 BTC in September 2024, reflecting a 3.6% decrease from the previous month [2] - The active hash rate was approximately 2.43 EH/s as of September 30, 2024 [2] - Treasury holdings included 731.3 BTC and 27,388.9 ETH, with fair market values of approximately $46.3 million and $71.3 million, respectively [2] - The BTC equivalent of digital asset holdings was approximately 1,863.0 BTC, valued at around $118.0 million [2] - Cash and cash equivalents totaled $104.0 million, with total liquidity estimated at approximately $222.0 million [2] Proof-of-Stake Highlights - The company had approximately 21,568 ETH actively staked in native staking protocols as of September 30, 2024 [3] - Bit Digital earned a blended annual percentage yield (APY) of approximately 3.3% on its staked ETH for September 2024 [3] - Aggregate staking rewards amounted to approximately 57.9 ETH during September 2024 [3] Upcoming Events - The company will participate in the AIM Summit Dubai Conference in Dubai, UAE, on October 21-22, 2024 [4] Company Overview - Bit Digital, Inc. is a sustainable platform for digital assets and AI infrastructure, with bitcoin mining operations in the US, Canada, and Iceland [5]
Bit Digital, Inc. Announces Monthly Production Update for September 2024