Seeking Alpha
2023-04-06 07:40:45

Bit Digital output rise 10% sequentially in March

Bit Digital ( NASDAQ: BTBT ) said Monday it produced 119.4 bitcoin ( BTC-USD ) in March, up 10% from the prior month, due to additional days during the month. ~12.94K miners, representing 1.25 EH/s, were actively hashing in North America as of March 31. Bit Digital's ( BTBT ) treasury holdings at March-end stood at 724.8 BTC and 9.14K ETH, with a fair market value of ~$20.6M and $16.6M, respectively. Bit Digital ( BTBT ) did not buy or sell any miners during February. The BTC equivalent of Bit Digital's ( BTBT ) crypto holdings as of January 31 (which includes ETH, sETH-H, LsETH, and USDC) was ~1.48K, or ~$42.1M. Bit Digital's ( BTBT ) had cash and cash equivalents of $27.9M as of March 31. Earlier, Bit Digital ( BTBT ) bitcoin production was down 19% in February amid increased network difficulty . More on Crypto Clampdown G-7 to promote tougher crypto rules amid global banking drama SEC warns of 'significant' risk of loss for crypto investors Revisiting BITO, GBTC Before The Coming Bull Market In Bitcoin Coinbase Wells Notice: What Is At 'Stake'

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