Bit Digital reports April production 119.3BTC, 12.5% down from previous month

Bit Digital announced its unaudited digital asset production and corporate updates for the month of April. Corporate Highlights for April include: In April, the Company produced 119.3 BTC, a 12.5% decrease compared to the prior month. The decrease relative to the prior month was predominantly due to the reduction of bitcoin block rewards post-halving. The Company’s active hash rate was approximately 2.76 EH/s as of April 30. Treasury holdings of BTC and ETH were 992.4 and 20,241.7 with a fair market value of approximately $60.2M and $61.0M, respectively, on April 30. The BTC equivalent of the company’s digital asset holdings as of April 30, was approximately 2,010.1 or approximately $121.9M. The Company had cash and cash equivalents of $43.7 million as of April 30, 2024. As of April 30 the Company had 251 servers actively generating revenue from its initial Bit Digital AI contract. The Company earned an estimated $4.1M of unaudited revenue from this contract during the month of April.