NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Bit Digital,
Inc. (Nasdaq: BTBT) ("Bit
Digital" or the "Company"), a public bitcoin mining company
headquartered in New York, is
pleased to announce its new investor presentation is now available
on the Company's website in the Investors section.
Bit Digital is an American sustainability-focused generator of
digital assets with a mission to build the largest global digital
asset mining platform. The Company owns a fleet of nearly 40,000
miners, with a projected weighted average power cost of
$0.036 kWh, a production cost of
$5,978/BTC, and a hash rate of 2.6
EH/s. Bit Digital operates an institutional scale digital asset
portfolio across five sites in the US and Canada. The Company continues to increase the
number of bitcoins mined reaching 3,335 historically in 3Q21 versus
814 in 3Q20. Bit Digital brings proven institutional capabilities
and access to strategic opportunities in the North American market
through its seasoned NYC based leadership team with strong
experience in the digital assets and mining space. The Company
continues to strengthen its strategic commitment to sustainability
with about half of its operations running on carbon-free energy
sources, with a goal of 100% sustainable power. Bit Digital
maximizes ROE by focusing investment on mining assets, while
leveraging strategic partnerships for access to physical
infrastructure and low-cost energy. With over 200MW of contracted
hosting power, Bit Digital is well positioned to expand its fleet
About Bit Digital
Bit Digital, Inc. is a bitcoin mining company headquartered in
New York City. Our mining
operations are located in North
America. For additional information, please contact
Samir Tabar at IR@bit-digital.com or
visit our www.bit-digital.com.
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 most recent Annual Report
on Form 20-F for the fiscal year ended December 31, 2020. If any material risk was to
occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities
could decline and you could lose part or all of your investment.
The risks and uncertainties we describe are not the only ones
facing us. Additional risks not presently known to us or that we
currently deem immaterial may also impair our business operations.
In addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. Future changes in the
network-wide mining difficulty rate or Bitcoin hash rate may also
materially affect the future performance of Bit Digital's
production of bitcoin. Additionally, all discussions of financial
metrics assume mining difficulty rates as of September 2021. See "Safe Harbor Statement"
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.
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SOURCE Bit Digital, Inc.