Bit Origin provides production and operation update for August 2023

Bit Origin provided its production and operation update for August 2023. As of August 31, the total mining hash rate stands at 403 PH/s with 4,250 miners installed in the Indiana facility, representing all miners the company has purchased. The company mined 23.5 Bitcoins and achieved a revenue of $655,647 in August 2023. As of August 31, the company has one hosting mining site in operation and one mining site under development. The company ceased its operation in the mining facility in Georgia from December 31, 2022. Phase I of the Project of a capacity of up to 45MW for the mining facility in Wyoming was energized in March 2023. The Phase II of 25MW is undergoing engineering design process currently.