Bit Digital earned 194.48 bitcoins during Q1, deploys higher fleet in North America

Bit Digital (NASDAQ:BTBT) earned 194.48 bitcoins and 189.26 ETH during the quarter compared to 240.57 bitcoins during Q4. As of Mar.31, 2022, Treasury holdings of BTC and ETH were 832.14 and 266.71, with a fair market value of ~$37.9M and $0.9M. As of Mar. 31, 2022, 36.9% of the company owned fleet, or 9,748 bitcoin miners and 713 Ethereum miners representing 0.544 Exahash and 0.188 Terahash respectively, was deployed in North America which is compared to 27.8% of fleet or 7,710 bitcoin miners as of Dec.31, 2021. The company owned 27,644 bitcoin miners and 731 Ethereum miners as of Mar. 31, 2022, with an estimated maximum total hash rate of 1.6 EH/s and 0.3 TH/s, respectively. During Q1, the company purchased 706 bitcoin miners on the spot market and took delivery of these machines during April 2022. Shares trading 2.3% down premarket.