Bit Digital, Inc. Declares Month-to-month Manufacturing Replace for January 2025

NEW YORK, Feb. 7, 2025 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Firm”), a worldwide platform for high-performance computing (“HPC”) infrastructure and digital asset manufacturing headquartered in New York, introduced its unaudited digital asset manufacturing, HPC providers income, and company updates for the month of January 2025.

 Company Highlights for January 2025

• The Firm earned roughly $4.9 million of complete unaudited HPC income^[1] throughout the month of January 2025.
• Treasury holdings of BTC and ETH have been 768.7 and 27,689.6 with a good market worth of roughly $78.7 million and $91.3 million, respectively, on January 31, 2025.
• The BTC equal^[2] of our digital asset holdings as of January 31, 2025, was roughly 1,663.0 or roughly $170.3 million.
• The Firm had money and money equivalents of $74.3 million and complete liquidity (outlined as money and money equivalents, USDC, and the honest market worth of digital property) of roughly $244.6 million in January 2025.

Colocation Providers Income Highlights

• The Firm had 14 clients actively producing income at its Tier-3 Enovum Knowledge Middle facility, as of January 31, 2025.
• The Firm’s HPC knowledge heart colocation income was roughly CAD $757.8k (roughly USD $522.9k) in January 2025.

GPU Cloud Highlights

• The Firm had 268 servers (2,144 GPUs) actively producing income from its Bit Digital AI contracts, as of January 31, 2025. The Firm earned roughly $4.4 million of complete unaudited GPU Cloud income throughout the month of January 2025. As well as, the Firm acquired $131K in money funds from its gear leasing contract with Boosteroid throughout the month of January 2025.
• On January 22, Bit Digital entered into a brand new settlement with a key buyer for 464 Nvidia B200 GPUs, increasing its GPU Cloud enterprise. This new settlement replaces a previous settlement whereby the Firm was to supply the client with an incremental 2,048 H100 GPUs and the Firm continues to discover further GPU contracts with this buyer for 2025. Beneath the phrases of the settlement, Bit Digital will present the client with 58 Nvidia B200 servers (464 GPUs) for a interval of eighteen months. The contract represents roughly $15 million of annualized income for Bit Digital and includes a two-month prepayment from the client.

Digital Belongings Highlights

• In January 2025, the Firm produced 28.7 BTC, an 11.4% lower in comparison with the prior month. The lower was primarily pushed by a change within the Firm’s internet hosting portfolio, ongoing redeployment of mining property to new websites, and the retirement of older era miners.
• In January 2025, the Firm’s energetic hash fee was roughly 1.6 EH/s, an 11.1% lower in comparison with the prior month. The lower was primarily pushed by a change within the Firm’s internet hosting portfolio, ongoing redeployment of mining property to new websites, and the retirement of older era miners.
• 191 Bitmain Antminer S21 mining items have been delivered to a brand new internet hosting web site within the month of January 2025.
• The Firm had roughly 21,568 ETH actively staked in native staking protocols as of January 31, 2025.
• Bit Digital earned a blended APY of roughly 3.6% on its staked ETH place for the month of January 2025.
• The Firm earned combination staking rewards of roughly 65.8 ETH throughout January 2025.

Different Highlights

• As of January 1, 2025, the Firm formally transitioned to home issuer standing below U.S. securities rules.

Upcoming Occasions

• Fireplace Chat with H.C. Wainwright on February 12.

About Bit Digital

Bit Digital, Inc. is a worldwide platform for high-performance computing (“HPC”) infrastructure and digital asset manufacturing headquartered in New York Metropolis. The Firm’s HPC enterprise operates below the WhiteFiber Inc. (“WhiteFiber”) model. Our operations are positioned within the US, Canada, and Iceland. For added data, please contact ir@bit-digital.com or go to our web site at www.bit-digital.com.

Investor Discover

Investing in our securities entails a excessive diploma of threat. Earlier than investing choice, you need to fastidiously take into account the dangers, uncertainties and forward-looking statements described below “Threat Elements” in Merchandise 3.D of our Annual Report on Kind 20-F for the fiscal 12 months ended December 31, 2023 (“Annual Report”). However the truth that Bit Digital Inc. has not performed operations within the PRC since September 30, 2021 we now have beforehand disclosed below Threat Elements in our Annual Report: “We could also be topic to fines and penalties for any noncompliance with or any liabilities in our former enterprise in China in a sure interval any more.” Though the statute of limitations for non-compliance by our former enterprise within the PRC is usually two years and the Firm has been out of the PRC, for greater than two years, the Authority should still discover its prior bitcoin mining operations concerned a risk to monetary safety. In such occasion, the two-year interval could be prolonged to 5 years. If any materials threat was to happen, our enterprise, monetary situation or outcomes of operations would probably endure. In that occasion, the worth of our securities may decline and you could possibly lose half or your entire funding. The dangers and uncertainties we describe will not be the one ones going through us. Extra dangers not presently recognized to us or that we at present deem immaterial might also impair our enterprise operations. As well as, our previous monetary efficiency might not be a dependable indicator of future efficiency, and historic developments shouldn’t be used to anticipate outcomes sooner or later. Future adjustments within the network-wide mining problem fee or bitcoin hash fee might also materially have an effect on the long run efficiency of Bit Digital’s manufacturing of bitcoin. Precise working outcomes will differ relying on many elements together with community problem fee, complete hash fee of the community, the operations of our services, the standing of our miners, and different elements. See “Secure Harbor Assertion” under.

Secure Harbor Assertion

This press launch could comprise sure “forward-looking statements” referring to the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, apart from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology equivalent to “believes,” “expects,” or comparable expressions, involving recognized and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are cheap, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. Buyers mustn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements on account of quite a lot of elements, together with these mentioned within the Firm’s periodic studies which are filed with the Securities and Change Fee and out there on its web site at http://www.sec.gov. All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by these elements. Apart from as required below the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-monthly-production-update-for-january-2025-302371483.html

SOURCE Bit Digital, Inc.

Featured Picture: depositphotos @ howdy

Disclaimer