MINING

Large-scale, global bitcoin mining operations

Bit Digital represents one of the largest currently-owned and operating fleet of any US-listed bitcoin miner, with an aggressive growth plan focused on increasing capacity month-on-month.

MINING OVERVIEW

Our institutional-quality bitcoin mining operations are diversified across the US and Canada.

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.

BITCOIN MINING

Our dedicated mining operations house one of the largest currently – owned and operating bitcoin mining fleets in the world

Hash Rate

1,920 PH / S

The maximum processing capacity of our miners Info

A hash rate represents the amount of times per second that miners — specialized computers — perform network operations. As a large – scale participant in the global, decentralized network of miners, Bit Digital contributes to the crucial function of verifying transactions on the bitcoin network, and earns bitcoin rewards for doing so. PH/s stands for one quadrillion hashes per second.

Number of Miners

32,500

The total number of mining assets in our network Info

Miners are specialized computer hardware designed to verify blocks of bitcoin transactions and in turn, secure the network. Miners earn newly-created bitcoins and transaction fees in connection with providing this service.

Bitcoins Mined

3,086.50 BTC

The total number of bitcoins earned since our inception Info

Bitcoin is a type of cryptocurrency operated by a decentralized authority; bitcoin transactions are verified by the computing power of a global pool of specialized, privately-owned computers. BTC stands for bitcoin.

GLOBAL OPERATIONS
MILESTONES

February 2020

Founding of Bit Digital and commencement of bitcoin mining operations.

April 2020

We launched 6,004 MicroBT M21S miners with a total hash rate of 310 Ph/s.

July 2020

We launched an additional 16,865 Miners (mining units), including 800 units of Innosilicon T3 miners, 256 Bitmain T17+ miners, 2,200 MicroBT M10 miners, 2,696 MicroBT M20S miners, and 10,813 MicroBT M21S miners. Bit Digital’s total hash rate reached 1,250 Ph/s.

September 2020

We launched an additional 100 MicroBT M21S miners in the US.

October 2020

Commenced mining operations in partnership with Compute North and Link Global Technologies.

December 2020

We expanded our North American bitcoin hosting partnerships with Compute North and Link Global Technologies allowing us to deploy greater mining power to North America.

February 2021

We expanded our North American bitcoin hosting partnerships with Compute North and Link Global Technologies allowing us to deploy greater mining power to North America.

April 2021

We launched an additional 4,871 mining units, including Bitmain S17+, Bitmain S17, and Bitmain S19Pro miners. Bit Digital’s total hash rate reached 2,574 Ph/s.

We signed a new 40MW agreement with hosting partners Compute North and their sustainable demand response program to deploy an additional 13,000 ASIC miners at Compute North facilities in the US, expanding our North American footprint.

May 2021

We joined the Foundry USA Pool with 5,679 machines, adding up to 280 PH/s of computing power to the pool.

July 2021

We purchased 3,515 miners on the Chinese spot market, including 1,259 Bitmain S17Pro, 954 MicroBT M20S, 930 Bitmain S17+, 261 MicroBT M30S, 101 Bitmain S17 and 10 Bitmain S17E models. Bit Digital’s total hash rate reached 1,920 Ph/s.

NUMBER OF BITCOINS RECEIVED (2020-2021)

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