Bit Digital announces monthly production update for December

Bit Digital announced its unaudited bitcoin production and corporate updates for the month of December 2022. In December 2022, the company earned 130.0 bitcoins, a 10% decrease compared to the prior month. The decline in production was primarily driven by planned curtailment activities at certain hosting locations. Treasury holdings of BTC and ETH were 946.6 and 8,799.9 with a fair market value of approximately $15.7 million and $10.5 million, respectively, on December 31, 2022. The BTC equivalent of its digital asset holdings as of December 31, 2022 was approximately 1,765.8. The company had cash and cash equivalents of $32.7 million as of December 31, 2022. The company owned 38,593 bitcoin miners and 730 Ethereum miners as of December 31, 2022, with an estimated maximum total hash rate of 2.7 Exahash and 0.3 Terahash, respectively.