Bit Digital, Inc. Announces Monthly Production Update for January 2025
Bit Digital (NASDAQ: BTBT) has released its January 2025 production update, reporting total unaudited HPC revenue of $4.9 million. The company's treasury held 768.7 BTC and 27,689.6 ETH, valued at $78.7 million and $91.3 million respectively, with total liquidity of $244.6 million including cash and cash equivalents of $74.3 million.
The company's GPU Cloud business generated $4.4 million in revenue with 268 servers (2,144 GPUs) active. A new agreement was secured for 464 Nvidia B200 GPUs, representing approximately $15 million in annualized revenue. The company's data center colocation revenue reached CAD $757.8k.
In digital asset operations, Bit Digital produced 28.7 BTC (11.4% decrease from previous month) with an active hash rate of 1.6 EH/s (11.1% decrease). The company maintained 21,568 ETH staked in protocols, earning a 3.6% APY and approximately 65.8 ETH in staking rewards.
Bit Digital (NASDAQ: BTBT) ha pubblicato il suo aggiornamento sulla produzione di gennaio 2025, riportando un fatturato HPC totale non verificato di $4,9 milioni. La tesoreria della società deteneva 768,7 BTC e 27.689,6 ETH, valutati rispettivamente $78,7 milioni e $91,3 milioni, con una liquidità totale di $244,6 milioni, inclusi contanti e equivalenti monetari di $74,3 milioni.
Il business GPU Cloud della società ha generato $4,4 milioni di fatturato con 268 server (2.144 GPU) attivi. È stato stipulato un nuovo accordo per 464 GPU Nvidia B200, che rappresentano circa $15 milioni di fatturato annualizzato. I ricavi dalle colocation del data center della società hanno raggiunto CAD $757,8k.
Nel settore delle operazioni con asset digitali, Bit Digital ha prodotto 28,7 BTC (con un decremento del 11,4% rispetto al mese precedente) con un hash rate attivo di 1,6 EH/s (un decremento dell'11,1%). L'azienda ha mantenuto 21.568 ETH staked nei protocolli, guadagnando un APY del 3,6% e circa 65,8 ETH in ricompense da staking.
Bit Digital (NASDAQ: BTBT) ha publicado su actualización de producción de enero de 2025, reportando ingresos HPC no auditados totales de $4,9 millones. La tesorería de la compañía tenía 768,7 BTC y 27,689.6 ETH, valorados en $78.7 millones y $91.3 millones respectivamente, con una liquidez total de $244.6 millones, incluidos efectivo y equivalentes de efectivo por $74.3 millones.
El negocio de GPU Cloud de la compañía generó $4,4 millones en ingresos con 268 servidores (2,144 GPU) activos. Se aseguró un nuevo acuerdo para 464 GPU Nvidia B200, que representan aproximadamente $15 millones en ingresos anuales. Los ingresos de co-ubicación del centro de datos de la compañía alcanzaron CAD $757.8k.
En operaciones de activos digitales, Bit Digital produjo 28.7 BTC (una disminución del 11.4% con respecto al mes anterior) con una tasa de hash activa de 1.6 EH/s (una disminución del 11.1%). La compañía mantuvo 21,568 ETH registrados en protocolos, ganando un APY del 3.6% y aproximadamente 65.8 ETH en recompensas de staking.
Bit Digital (NASDAQ: BTBT)는 2025년 1월 생산 업데이트를 발표하며 총 비감사 HPC 수익이 490만 달러라고 보고했습니다. 회사의 재무에는 768.7 BTC와 각각 7870만 달러와 9130만 달러의 가치가 있는 27,689.6 ETH가 보유되어 있으며, 현금 및 현금 등의 총 유동성은 2억4460만 달러입니다.
회사의 GPU 클라우드 사업은 268대의 서버(2144 GPUs)가 활성화되어 있는 가운데 440만 달러의 수익을 창출했습니다. 연간 수익 약 1500만 달러를 나타내는 464개의 Nvidia B200 GPU에 대한 새로운 계약이 체결되었습니다. 회사의 데이터 센터 합동 수익은 CAD $757.8k에 도달했습니다.
디지털 자산 운영에서 Bit Digital은 28.7 BTC(전월 대비 11.4% 감소)를 생산했으며, 활성 해시율은 1.6 EH/s(11.1% 감소)였습니다. 회사는 프로토콜에 21,568 ETH를 스테이킹하여 3.6% APY를 얻고 약 65.8 ETH의 스테이킹 보상을 받았습니다.
Bit Digital (NASDAQ: BTBT) a publié sa mise à jour de production pour janvier 2025, rapportant des revenus HPC non audités totalisant 4,9 millions de dollars. La trésorerie de l'entreprise détenait 768,7 BTC et 27 689,6 ETH, évalués respectivement à 78,7 millions de dollars et 91,3 millions de dollars, avec une liquidité totale de 244,6 millions de dollars, y compris des liquidités et des équivalents de liquidités de 74,3 millions de dollars.
Le secteur GPU Cloud de la société a généré 4,4 millions de dollars de revenus avec 268 serveurs (2 144 GPU) actifs. Un nouvel accord a été conclu pour 464 GPU Nvidia B200, représentant environ 15 millions de dollars de revenus annualisés. Les revenus de colocation du centre de données de la société ont atteint 757,8 k CAD.
Dans les opérations d'actifs numériques, Bit Digital a produit 28,7 BTC (une diminution de 11,4 % par rapport au mois précédent) avec un taux de hachage actif de 1,6 EH/s (une diminution de 11,1 %). L'entreprise a maintenu 21 568 ETH stakés dans des protocoles, générant un APY de 3,6 % et environ 65,8 ETH en récompenses de staking.
Bit Digital (NASDAQ: BTBT) hat sein Produktionsupdate für Januar 2025 veröffentlicht und berichtet von einem Gesamtertrag ohne Audit aus HPC in Höhe von 4,9 Millionen USD. Die Unternehmensschatzamt hielt 768,7 BTC und 27.689,6 ETH, die jeweils mit 78,7 Millionen USD und 91,3 Millionen USD bewertet wurden, mit einer Gesamtliquidität von 244,6 Millionen USD einschließlich Bargeld und liquiden Mitteln in Höhe von 74,3 Millionen USD.
Das GPU-Cloud-Geschäft des Unternehmens erzielte einen Umsatz von 4,4 Millionen USD mit 268 aktiven Servern (2.144 GPUs). Ein neuer Vertrag über 464 Nvidia B200 GPUs wurde abgeschlossen, was einem jährlichen Umsatz von ungefähr 15 Millionen USD entspricht. Die Einnahmen aus der Co-Location des Datenzentrums des Unternehmens beliefen sich auf CAD $757,8k.
In den digitalen Vermögensoperationen produzierte Bit Digital 28,7 BTC (11,4% Rückgang gegenüber dem Vormonat) bei einer aktiven Hashrate von 1,6 EH/s (11,1% Rückgang). Das Unternehmen hielt 21.568 ETH in Protokollen gestakt, was zu einem APY von 3,6% und etwa 65,8 ETH an Staking-Belohnungen führte.
- Total monthly revenue of $4.9 million from HPC operations
- Secured new GPU contract worth $15 million in annualized revenue
- Strong liquidity position of $244.6 million
- Substantial crypto holdings valued at $170.3 million BTC equivalent
- Active staking operations generating 3.6% APY on 21,568 ETH
- 11.4% decrease in monthly BTC production
- 11.1% decrease in active hash rate
- Reduction in mining operations due to portfolio changes and retirement of older miners
Insights
The January 2025 performance metrics reveal Bit Digital's successful execution of a multi-faceted business strategy, with particularly strong momentum in its GPU Cloud segment. The
The new agreement for 464 Nvidia B200 GPUs is strategically significant for several reasons:
- The 18-month term and prepayment structure enhance revenue predictability and working capital efficiency
- The choice of B200 GPUs over previously planned H100s suggests a more cost-effective approach while maintaining competitive computing capabilities
- The
$15 million annualized revenue from this single contract demonstrates strong unit economics
The company's financial position is robust with
The
The transition to domestic issuer status is a significant milestone that should reduce compliance costs and potentially improve access to U.S. capital markets, though this benefit may be partially offset by increased reporting requirements.
Corporate Highlights for January 2025
- The Company earned approximately
$4.9 million - Treasury holdings of BTC and ETH were 768.7 and 27,689.6 with a fair market value of approximately
$78.7 million $91.3 million - The BTC equivalent[2] of our digital asset holdings as of January 31, 2025, was approximately 1,663.0 or approximately
$170.3 million - The Company had cash and cash equivalents of
$74.3 million $244.6 million
Colocation Services Revenue Highlights
- The Company had 14 customers actively generating revenue at its Tier-3 Enovum Data Center facility, as of January 31, 2025.
- The Company's HPC data center colocation revenue was approximately CAD
$757.8 k$522.9 k
GPU Cloud Highlights
- The Company had 268 servers (2,144 GPUs) actively generating revenue from its Bit Digital AI contracts, as of January 31, 2025. The Company earned approximately
$4.4 million $131 K - On January 22, Bit Digital entered into a new agreement with a key customer for 464 Nvidia B200 GPUs, expanding its GPU Cloud business. This new agreement replaces a prior agreement whereby the Company was to provide the customer with an incremental 2,048 H100 GPUs and the Company continues to explore additional GPU contracts with this customer for 2025. Under the terms of the agreement, Bit Digital will provide the customer with 58 Nvidia B200 servers (464 GPUs) for a period of eighteen months. The contract represents approximately
$15 million
Digital Assets Highlights
- In January 2025, the Company produced 28.7 BTC, an
11.4% decrease compared to the prior month. The decrease was primarily driven by a change in the Company's hosting portfolio, ongoing redeployment of mining assets to new sites, and the retirement of older generation miners. - In January 2025, the Company's active hash rate was approximately 1.6 EH/s, an
11.1% decrease compared to the prior month. The decrease was primarily driven by a change in the Company's hosting portfolio, ongoing redeployment of mining assets to new sites, and the retirement of older generation miners. - 191 Bitmain Antminer S21 mining units were delivered to a new hosting site in the month of January 2025.
- The Company had approximately 21,568 ETH actively staked in native staking protocols as of January 31, 2025.
- Bit Digital earned a blended APY of approximately
3.6% on its staked ETH position for the month of January 2025. - The Company earned aggregate staking rewards of approximately 65.8 ETH during January 2025.
Other Highlights
- As of January 1, 2025, the Company officially transitioned to domestic issuer status under
U.S. securities regulations.
Upcoming Events
- Fireside Chat with H.C. Wainwright on February 12.
About Bit Digital
Bit Digital, Inc. is a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 3.D of our Annual Report on Form 20-F for the fiscal year ended December 31, 2023 ("Annual Report"). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: "We may be subject to fines and penalties for any noncompliance with or any liabilities in our former business in
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
[1] Total HPC Revenue includes GPU Cloud revenue and Colocation services revenue. This figure excludes revenue from signed contracts that have not yet commenced. Cash payments from its equipment leasing contract with Boosteroid are also not included in Total HPC Revenue for accounting reasons. |
[2] "BTC equivalent" is a hypothetical illustration of the value of our digital asset treasury holdings in bitcoin terms. BTC equivalent is defined as if all non-BTC digital assets, comprised of ETH, and USDC, were converted into BTC as of January 31, 2025, and added to our existing BTC balance. Conversion values are found using the closing price on coinmarketcap.com. Our digital asset portfolio excludes digital assets invested in a third-party managed fund. |
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SOURCE Bit Digital, Inc.
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