In April 2023, the company earned 86.1 Bitcoins (BTC), a 28% decrease compared to the prior month. The decrease in production was primarily driven by the relocation of approximately 6,500 mining units from facilities previously operated by Compute North to different hosting sites that commenced during the month, and to a lesser extent, an increase in the bitcoin network difficulty. 11,513 bitcoin miners representing 1.20 EH/s, was actively hashing in North America as of April 30, 2023. Treasury holdings of BTC and ETH were 553.2 and 9,900.9 with a fair market value of approximately $16.2M and $18.6M, respectively, on April 30. The BTC equivalent of digital asset holdings as of April 30 was approximately 1,558.3, or approximately $45.5M. The company had cash and cash equivalents of $21.9M as of April 30, 2023.
Published first on TheFly
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