Bit Digital Produced 61.7 BTC In June 2024, A 2.5% Decrease Compared To The Prior Month; Had 256 Servers Actively Generating Revenue From Its Initial Bit Digital AI Contract, Earned An Estimated $4.1M Of Unaudited Revenue
Portfolio Pulse from Benzinga Newsdesk
Bit Digital, Inc. (NASDAQ:BTBT) reported a 2.5% decrease in BTC production for June 2024, producing 61.7 BTC. The company generated $4.1 million in revenue from its initial AI contract and had significant digital asset holdings and liquidity.
July 05, 2024 | 3:01 pm
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Bit Digital reported a slight decrease in BTC production but generated significant revenue from its AI contract. The company's strong liquidity and digital asset holdings are positive indicators.
Despite a minor decrease in BTC production, the significant revenue from the AI contract and strong liquidity position are likely to positively impact BTBT's stock price in the short term.
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