BTBT - Bit Digital (NASDAQ: BTBT) Reports Healthy Financial Position At End Of Q2 2023 With Sustainability Focus With A 99% Carbon-Free Fleet | Benzinga

Bit Digital, Inc. (NASDAQ: BTBT), a leading digital asset mining company headquartered in New York City, has unveiled its unaudited financial results for the second quarter that ended June 30, 2023, highlighting robust revenue figures, substantial operational achievements and a steadfast commitment to sustainability.

Financial Results And Operations

Bit Digital's financial position and operational excellence were evident in the second quarter of 2023. The company reported a total revenue of $9.0 million, primarily driven by its successful Bitcoin mining business. Moreover, Bit Digital's treasury holdings were noteworthy, with BTC and ETH holdings totaling 613.2 and 11,738.8, respectively. These holdings commanded a fair market value of approximately $18.7 million and $22.7 million as of June 30, 2023. The company's prudent financial management and strategic decisions underpin its robust financial position.

Operational And Sustainability Highlights

Bit Digital's ...

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