Bit Digital increases production in August 5% to 139.9 BTC

Bit Digital announced its unaudited digital asset production and corporate updates for the month of August. In August, the Company produced 139.9 BTC, a 5% increase compared to the prior month. The increase was primarily driven by a higher average active hash rate, partially offset by an increase in network difficulty. The Company’s active hash rate was approximately 2.03 EH/s as of August 31. Treasury holdings of BTC and ETH were 758.5 and 13,002.1 with a fair market value of approximately $19.7M and $21.4M, respectively, on August 31. The BTC equivalent of the digital asset holdings as of August 31 was approximately 1,747.0 or approximately $45.3M. The Company had cash and cash equivalents of $24.9M as of August 31.