Bit Digital reports February production 128.7 BTC, down 11.7% from prior month

Bit Digita announced its unaudited digital asset production and corporate updates for the month of February. Corporate Highlights for February include: produced 128.7 BTC, an 11.7% decrease compared to the prior month; active hash rate was approximately 2.73 EH/s as of February 29; treasury holdings of BTC and ETH were 847.7 and 15,593.1 with a fair market value of approximately $51.9M and $52.1M, respectively, on February 29; BTC equivalent of digital asset holdings as of February 29, was approximately 1,722.3 or approximately $105.4M. The Company had cash and cash equivalents of $34.3 million as of February 29, 2024.