Seeking Alpha
2022-06-08 12:23:16

Bit Digital earned 53.4 bitcoins in May 2022, down 30% sequentially

Bit Digital (NASDAQ:BTBT) earned 53.4 bitcoins and 27.0 ETHs in May 2022, down from 76.23 bitcoins and 77.32 ETHs earned in April 2022. On May 31, 2022, Treasury holdings of BTC and ETH were 793.6 and 316.1, with a fair market value of ~$25.2M and $0.6M. Treasury holdings of BTC and ETH were 754.32 and 323.95 as of Apr. 30, with a fair market value of ~$28.4M and $1.1M, respectively. The company owned 33,376 bitcoin miners and 731 Ethereum miners as of May 31, 2022, with an estimated maximum total hash rate of 2.17 EH/s and 0.3 TH/s, respectively; 17.9% of currently-owned fleet and 0 Ethereum miners representing 0.352 EH/s and 0.0 TH respectively, was deployed in North America as of May 31, 2022.

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