Bit Digital reports September Bitcoin production dwon 7% vs. August

Bit Digital announced its unaudited digital asset production and corporate updates for the month of September. In September 2023, the company produced 130.2 BTC, a 7% decrease compared to the prior month. The decrease was primarily driven by an increase in network difficulty and a reduction in active hash rate that occurred towards the end of the month. The company’s active hash rate was approximately 1.19 EH/s as of September 30, 2023. Treasury holdings of BTC and ETH were 821.1 and 13,783.4 with a fair market value of approximately $22.1M and $23.0M , respectively, on September 30, 2023. The BTC equivalent of digital asset holdings as of September 30, 2023, was approximately 1,881.6 or approximately $50.7M. The company had cash and cash equivalents of $20.8M as of September 30, 2023. The company had approximately 13,594 ETH actively staked in native and liquid staking protocols as of September 30. Additionally, the Company has 512 ETH (16 Nodes) deposited but in queue to be activated on the Ethereum staking network, which are estimated to come online by the end of October. The company earned aggregate staking rewards of approximately 44.9 ETH during September.