Bit Origin Ltd Announces Production And Operation Update For July 2023; The Company Mined 22.7 Bitcoins And Achieved A Revenue Of $681,448 In July 2023
Portfolio Pulse from Benzinga Newsdesk
Bit Origin Ltd (NASDAQ:BTOG) announced its production and operation update for July 2023. The company mined 22.7 Bitcoins and achieved a revenue of $681,448. The total mining hash rate stands at 403 PH/s with 4,250 miners installed in the Indiana facility. The company has one hosting mining site in operation and one under development. The company ceased its operation in the mining facility in Georgia from December 31, 2022.
August 09, 2023 | 1:08 pm
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Bit Origin Ltd's July 2023 operations update shows strong performance with 22.7 Bitcoins mined and $681,448 in revenue. The company also has one mining site in operation and another under development.
The company's strong performance in July 2023, with significant Bitcoin mining and revenue, indicates a positive short-term impact on the stock. The ongoing development of another mining site suggests potential for future growth, which could further positively impact the stock.
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