MINING

Large-scale, global bitcoin mining operations

Bit Digital represents a large-scale mining operation located throughout North America and Iceland with a focus on sustainability

MINING OVERVIEW

Our institutional-quality bitcoin mining operations are diversified across the United States, Canada and Iceland.

By strategically partnering with specialist hosting providers, we remain nimble to respond to evolving conditions, access attractively priced and carbon-free power, and avoid significant infrastructure investment.

We’re able to make efficient use of our capital within the digital assets ecosystem in this way.

Our dedicated mining operations represent a large-scale bitcoin mining fleet

3.7 EH / S

An institutional scale digital asset miner, with a fleet of over 44,000 specialized computers (pro forma for announced purchases), diversified across four states in the United States, Canada and Iceland.

>45,000 Miners

Total owned Bitcoin mining fleet

6,471 BTC

The total number of bitcoins earned since our inception through 2/29/23
STRATEGIC
PROCUREMENT
ADVANTAGE

Our miner procurement strategy is differentiated, allowing us to continue rapid scaling despite endemic industry supply constraints. (e.g., chip shortages)

Through our deep proprietary network, we enjoy unrivaled access to the spot market for miners
In parallel, we enjoy strategic relationships with leading manufacturers, enabling us to access ASICs on advantageous terms

Our strategy allows us to deploy capital with
maximum efficiency and velocity

We exclusively operate on the
industry defining ASICs*

* Application-specific integrated circuits (“ASICs”) customized for bitcoin mining

Bit Digital is infrastructure-light, maximizing return to
shareholders and operational resiliency.​
  1. Capital investment focused primarily on ASICs (mining computers), not physical infrastructure (data centers and power generation)​

  2. We partner with best-in-class data center operators, allowing us to specialize on mining

  3. Giving us negotiating power to ensure lowest possible operational/electricity costs

  4. Distributed footprint across stable United States, Canada, and Iceland jurisdictions maximizes business resiliency​

  5. Strategic partnerships poised to activate new power opportunities with renewables focus​

  6. Maximizing shareholder ROE​

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