Bit Digital announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of August 2024. The company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of August 31, 2024. The company earned approximately $4.3M n of unaudited revenue from this contract during the month of August 2024. In August 2024, the company produced 53.4 BTC, an 11.7% decrease compared to the prior month. The company’s active hash rate was approximately 2.43 EH/s as of August 31, 2024. Treasury holdings of BTC and ETH were 682.4 and 27,331.0 with a fair market value of approximately $40.2M and $68.7M, respectively, on August 31, 2024. The BTC equivalent of digital asset holdings as of August 31, 2024, was approximately 1,858.3 or approximately $109.6M. The company had cash and cash equivalents of $106.9M and total liquidity of approximately $216.5M, as of August 31, 2024.
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