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Bit Digital, Inc. Announces Monthly Production Update for January 2025
BTBTBit Digital(BTBT) Prnewswire·2025-02-07 22:00

Core Insights - Bit Digital, Inc. reported its unaudited digital asset production and HPC services revenue for January 2025, highlighting a total HPC revenue of approximately 4.9millionandadecreaseinBitcoinproductionandactivehashratecomparedtothepreviousmonth[1][5].CorporateHighlights−ThecompanytransitionedtodomesticissuerstatusunderU.S.securitiesregulationsasofJanuary1,2025[6].−AfiresidechatwithH.C.WainwrightisscheduledforFebruary12,2025[7].DigitalAssetsHighlights−AsofJanuary31,2025,thecompanyheld768.7BTCand27,689.6ETH,withafairmarketvalueofapproximately4.9 million and a decrease in Bitcoin production and active hash rate compared to the previous month [1][5]. Corporate Highlights - The company transitioned to domestic issuer status under U.S. securities regulations as of January 1, 2025 [6]. - A fireside chat with H.C. Wainwright is scheduled for February 12, 2025 [7]. Digital Assets Highlights - As of January 31, 2025, the company held 768.7 BTC and 27,689.6 ETH, with a fair market value of approximately 78.7 million and 91.3millionrespectively[5].−TheBTCequivalentofthecompany′sdigitalassetholdingswasapproximately1,663.0BTC,valuedataround91.3 million respectively [5]. - The BTC equivalent of the company's digital asset holdings was approximately 1,663.0 BTC, valued at around 170.3 million [5]. - The company had approximately 21,568 ETH actively staked, earning a blended APY of approximately 3.6% and aggregate staking rewards of approximately 65.8 ETH during January 2025 [11]. HPC Services Revenue Highlights - The company's HPC data center colocation revenue was approximately CAD 757.8k(aboutUSD757.8k (about USD 522.9k) in January 2025 [5]. - Bit Digital earned approximately 4.4millionintotalunauditedGPUCloudrevenueduringJanuary2025[5].−Thecompanyhad268servers(2,144GPUs)generatingrevenuefromitsBitDigitalAIcontractsasofJanuary31,2025[5].GPUCloudHighlights−OnJanuary22,2025,BitDigitalenteredanewagreementtoprovideakeycustomerwith464NvidiaB200GPUs,representingapproximately4.4 million in total unaudited GPU Cloud revenue during January 2025 [5]. - The company had 268 servers (2,144 GPUs) generating revenue from its Bit Digital AI contracts as of January 31, 2025 [5]. GPU Cloud Highlights - On January 22, 2025, Bit Digital entered a new agreement to provide a key customer with 464 Nvidia B200 GPUs, representing approximately 15 million of annualized revenue [5]. - The new agreement replaces a prior contract for 2,048 H100 GPUs, and includes a two-month prepayment from the customer [5]. Production Metrics - In January 2025, the company produced 28.7 BTC, an 11.4% decrease from the previous month, attributed to changes in the hosting portfolio and the retirement of older generation miners [5]. - The active hash rate was approximately 1.6 EH/s, reflecting an 11.1% decrease compared to the prior month [5]. - 191 Bitmain Antminer S21 mining units were delivered to a new hosting site in January 2025 [5].