Bit Digital, Inc., 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 in 2022.
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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” below.
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