Bit Digital reports bitcoins January production up 3%

Bit Digital announced its unaudited bitcoin production and corporate updates for the month of January. Corporate Highlights for January 2023 include: In January the Company earned 134.3 bitcoins, a 3% increase compared to the prior month. The increase in production was primarily driven by a higher average active hash rate, partially offset by an increase in network difficulty. Treasury holdings of BTC and ETH were 970.6 and 10,222.3 with a fair market value of approximately $22.5M and $16.2M, respectively, on January 31. The BTC equivalent of our digital asset holdings as of January 31 was approximately 1,855.7, or approximately $42.9M. The Company had cash and cash equivalents of $28.0M as of January 31. The Company did not purchase or sell any miners during the month.