Bit Digital Says Produced 130.2 BTC In September, 7% Decrease From Prior Month
Portfolio Pulse from Benzinga Newsdesk
Bit Digital reported a 7% decrease in Bitcoin production in September, producing 130.2 BTC. The decrease was primarily due to an increase in network difficulty and a reduction in active hash rate towards the end of the month.
October 04, 2023 | 8:32 pm
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Bit Digital's Bitcoin production decreased by 7% in September, which could potentially impact the company's earnings and stock price.
Bit Digital's Bitcoin production is a key factor in its earnings. A decrease in production could lead to lower earnings, which could negatively impact the company's stock price. The increased network difficulty and reduced active hash rate could continue to impact production in the future.
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