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InvestorNewsBreaks - Bit Digital Inc. (NASDAQ: BTBT) Provides April 2022 Production, Corporate Updates

May 12, 2022 (Investor Brand Network via COMTEX) --

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered inNew York, has released its unaudited bitcoin production and corporate updates for April 2022. According to the announcement, during the month the company earned 76.23 Bitcoins and 77.32 ETH, and reported BTC and ETH treasury holdings of 754.32 and 323.95 with a fair market value of approximately$28.4 millionand$1.1 million. In addition, the company announced that it owns 30,865 Bitcoin miners and 731 Ethereumminers at month end, with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively. Bit Digital also continues to work with its hosting partners to deploy miners, with 34.7% ofitscurrently owned fleet, or 10,250 bitcoin miners and 713 Ethereum miners representing 0.552 Exahash ("EH/s") and 0.188 Terahash ("TH/s") respectively, being deployed inNorth Americaby April 30, 2022. The company will also be participating in two conferences in May: the H.C. Wainwright Global Investment Conference, held inMiami Beach, Florida,and the B. Riley Securities 22nd Annual Institutional Investor Conference inBeverly Hills, California.

To view the full press release, visithttps://ibn.fm/e0UYo

About Bit Digital Inc.

Bit Digital is a Bitcoin mining company headquartered inNew York City. The company's mining operations are located inNorth America. For additional information about this company, visitwww.Bit-Digital.com.

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