Bit Digital Says It Produced 136.4 BTC In March 2024, Up 6% Compared To The Prior Month
Portfolio Pulse from Benzinga Newsdesk
Bit Digital reported a 6% increase in BTC production in March 2024, producing 136.4 BTC. The company's active hash rate was 2.76 EH/s, with cash equivalents of $34.9 million. It operated 251 servers under the Bit Digital AI contract, generating an estimated $4.3 million in revenue.
April 03, 2024 | 8:34 pm
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Bit Digital reported a 6% increase in BTC production in March 2024, with significant operational and financial metrics indicating strong performance.
The increase in BTC production and the reported financial metrics such as cash equivalents and revenue from the Bit Digital AI contract indicate a positive operational performance. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in BTBT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100