Bit Digital, Inc. (BTBT) has released an update.
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Bit Digital, Inc., a New York-based digital assets and AI infrastructure firm, reported a significant 39% increase in total revenue to $44.9 million for the fiscal year 2023, with bitcoin mining being the major revenue driver. The company’s total liquidity stood at approximately $81.2 million, while it achieved a 21% growth in bitcoin production due to increased active hash rate. Additionally, Bit Digital is focusing on sustainable energy usage, with 93% of its fleet’s electricity consumption coming from carbon-free sources.
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