Bit Digital produced 119.1 BTC in June, up 5% from May

Bit Digital announced its unaudited digital asset production and corporate updates for the month of June 2023. Corporate Highlights for June 2023; In June 2023, the Company produced 119.1 BTC, a 5% increase compared to the prior month. The increase in production was primarily driven by a higher average active hash rate and was partially offset by a decrease in transaction fees compared to the prior month. The Company’s active hash rate was approximately 1.78 EH/s as of June 30, 2023. Treasury holdings of BTC and ETH were 485.0 and 11,738.9 with a fair market value of approximately $14.8 million and $22.7 million, respectively, on June 30, 2023. The BTC equivalent of our digital asset holdings as of June 30, 2023 was approximately 1,445.2, or approximately $44.0 million. As of June 30, 2023, Bit Digital had transferred 129 BTC to its strategic partner, Auros Global Limited, as collateral for yield optimization strategies connected to 430 BTC that Auros is conducting on behalf of Bit Digital. This allocation relates to the Company’s broader objective to enhance its overall treasury management solutions. The Company had cash and cash equivalents of $18.5 million as of June 30, 2023.