Bit Digital, Inc. Announces Monthly Production Update For June 2023; Co Produced 119.1 BTC, A 5% Increase MoM
Portfolio Pulse from Happy Mohamed
Bit Digital, Inc. announced a 5% increase in BTC production for June 2023, driven by a higher average active hash rate. The company's treasury holdings of BTC and ETH were valued at $14.8 million and $22.7 million respectively. Bit Digital also transferred 129 BTC to its strategic partner, Auros Global Limited, for yield optimization strategies. The company had cash and cash equivalents of $18.5 million.
July 06, 2023 | 12:52 pm
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Bit Digital's increased BTC production and strategic partnership with Auros Global Limited for yield optimization strategies could potentially boost its financial performance.
The increase in BTC production, driven by a higher average active hash rate, indicates improved operational efficiency. The strategic partnership with Auros Global Limited for yield optimization strategies could potentially increase the company's returns, thereby boosting its financial performance.
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