Bit Digital produces 51.5 bitcoin in September, up 3.6% from prior month

Bit Digital announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of September 2024. The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of September 30, 2024. The Company earned approximately $4.2 million of unaudited revenue from this contract during the month of September 2024. In September 2024, the Company produced 51.5 BTC, a 3.6% decrease compared to the prior month. The Company’s active hash rate was approximately 2.43 EH/s as of September 30, 2024. Treasury holdings of BTC and ETH were 731.3 and 27,388.9 with a fair market value of approximately $46.3 million and $71.3 million, respectively, on September 30, 2024. The BTC equivalent of our digital asset holdings as of September 30, 2024, was approximately 1,863.0 or approximately $118.0 million. The Company had cash and cash equivalents of $104.0 million and total liquidity (defined as cash and cash equivalents, USDC, and the fair market value of digital assets) of approximately $222.0 million, as of September 30, 2024.