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Bit Digital, Inc. announced the release date for its First Quarter 2024 financial results and conference call. The results will be disclosed on May 15, 2024, with a live webcast and conference call hosted by senior management on May 16, 2024. Participants can register for the earnings call and join via dial-in. The press release will be available on the company's website.
Bit Digital, Inc. announced its unaudited digital asset production and corporate updates for April 2024. The company produced 119.3 BTC, a 12.5% decrease from the prior month, mainly due to reduction in block rewards post-halving. The active hash rate was 2.76 EH/s, with BTC and ETH holdings valued at $60.2 million and $61.0 million, respectively. Cash equivalents stood at $43.7 million. Bit Digital AI had 251 revenue-generating servers, earning $4.1 million in revenue. The company staked 17,184 ETH with a 1.0% APY and earned 13.9 ETH in rewards.