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Seeking Alpha 2022-05-10 13:15:16

Bit Digital rallies 9% on earning 76.23 bitcoins in April

Bit Digital (NASDAQ:BTBT) rallied 8.7% higher premarket after it earned 76.23 bitcoins and 77.32 ETH in April 2022. As of Apr.30, 2022, Treasury holdings of BTC and ETH were 754.32 and 323.95, with a fair market value of ~$28.4M and $1.1M, respectively compared to Treasury holdings of BTC and ETH were 832.14 and 266.71, with a fair market value of ~$37.9M and $0.9M respectively as of Mar.31, 2022. ("TH/s") respectively, was deployed in North America The company owned 30,865 bitcoin miners and 731 Ethereum miners, as of April end with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively. 34.7% of its currently-owned fleet, or 10,250 bitcoin miners and 713 Ethereum miners representing 0.552 EH/s and 0.188 TH/s respectively, was deployed in North America.

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