Bit Digital reports monthly production for November 2024

Bit Digital (BTBT) announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of November 2024. The company had 266 servers actively generating revenue from its Bit Digital AI contracts, as of November 30. The company earned approximately $4.3M of total unaudited GPU Cloud revenue during the month of November 2024. Treasury holdings of BTC and ETH were 813.0 and 27,563.3 with a fair market value of approximately $78.4M and $102.1M, respectively, on November 30. The BTC equivalent of digital asset holdings as of November 30 was approximately 1,878.4 or approximately $181.2M. The company had cash and cash equivalents of $151.3M and total liquidity of approximately $332.5M in November. Had 13 customers actively generating revenue at its Tier-3 Enovum Data Center facility, as of November 30. The company’s HPC data center colocation revenue was approximately $503.5K in November. In November, the company produced 44.9 BTC, a 14.0% decrease compared to the prior month. In November, active hash rate was approximately 2.51 EH/s, a 3.3% increase compared to the prior month.