Bit Digital ($BTBT): With A 99% Carbon-Free Fleet & Focus On Sustainability, Reports A Healthy Q2
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.
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00:00 BitDigital Inc., a leading digital asset mining company headquartered in New York City,
00:06 has unveiled its unaudited financial results for the second quarter that ended June 30, 2023,
00:12 highlighting robust revenue figures, substantial operational achievements and a steadfast
00:16 commitment to sustainability. BitDigital's financial position and operational excellence
00:22 were evident in the second quarter of 2023. The company reported a total revenue of $9.0 million,
00:29 primarily driven by its successful Bitcoin mining business. Moreover, BitDigital's treasury holdings
00:34 were noteworthy with BTC and ETH holdings totaling 613.2 and 11,738.8 respectively.
00:42 These holdings commanded a fair market value of approximately $18.7 million and $22.7 million
00:49 as of June 30, 2023. The company's prudent financial management and strategic decisions
00:55 underpin its robust financial position. BitDigital's Q2 2023 performance underscores
01:01 its financial position, operational excellence and commitment to sustainability.
01:06 As the company continues to navigate the dynamic digital asset mining landscape,
01:10 its financial resilience, operational achievements and strategic partnerships
01:14 could position it for sustained success and meaningful contributions to the industry's advancement.
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