Bit Digital reports June production 61.7 BTC, 2.5% down from previous month

Bit Digital announced its unaudited digital asset production and corporate updates for the month of June 2024. Corporate Highlights for June 2024: The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of June 30, 2024. The Company earned an estimated $4.1 million of unaudited revenue from this contract during the month of June 2024. In June 2024, the Company produced 61.7 BTC, a 2.5% decrease compared to the prior month. The Company’s active hash rate was approximately 2.57 EH/s as of June 30, 2024. Treasury holdings of BTC and ETH were 585.9 and 29,927.9 with a fair market value of approximately $36.7 million and $102.7 million, respectively, on June 30, 2024. The BTC equivalent of our digital asset holdings as of June 30, 2024, was approximately 2,230.5 or approximately $139.8 million. The Company had cash and cash equivalents of $60.8 million and total liquidity of approximately $200.6 million, as of June 30, 2024.