Nasdaq-listed bitcoin miner and Ethereum staker Bit Digital Inc (NASDAQ:BTBT) mined 60.5 bitcoin (BTC) in July, marking a 1.9% decrease compared to the previous month.
Bit Digital also earned an estimated $4.3 million in unaudited revenue from its initial AI contract.
As of July 31, 2024, Bit Digital's active hash rate was approximately 2.46 EH/s.
The company held 641.8 BTC and 27,274.4 ETH in its treasury, with a fair market value of approximately $41.5 million and $88.1 million, respectively.
The BTC equivalent (being the value of Bit Digital’s digital asset treasury holdings in bitcoin terms) of its digital asset holdings was approximately 2,009 BTC, valued at $129.8 million.
Bit Digital reported cash and cash equivalents of $82.1 million, bringing its total liquidity to approximately $211.9 million.
The company also had 17,184 ETH staked in native staking protocols, earning a blended annual percentage yield of about 3.3% and accruing 47.5 ETH in staking rewards for the month.