Bit Origin Ltd Announces Production And Operation Update For September 2023; The Company Mined 15.9 Bitcoins And Achieved A Revenue Of $416,444 In September 2023
Portfolio Pulse from Benzinga Newsdesk
Bit Origin Ltd (NASDAQ:BTOG) has provided an update on its operations for September 2023. The company mined 15.9 Bitcoins and achieved a revenue of $416,444. It ceased operations in Indiana and moved to Wyoming, where it has installed 3,200 miners with a total mining hash rate of 320 PH/s. An additional 1,050 miners are waiting to be deployed. The company also ceased operations in Georgia from December 2022.
October 12, 2023 | 1:15 pm
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Bit Origin Ltd's September 2023 operations update shows a successful mining operation with a revenue of $416,444. The company's move to Wyoming and the installation of 3,200 miners could indicate a potential increase in future production.
The company's successful mining operation and the revenue generated indicate a positive financial performance. The move to Wyoming and the installation of more miners could potentially increase the company's mining capacity, leading to higher production and possibly higher revenues in the future.
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