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Bit Digital mined 111% more bitcoin in July over June


Crypto miner Bit Digital produced 142.5 BTC in July — a 110.8% increase compared with the previous month.

The company also mined 0.5 ETH in July, according to an operations update released on Monday.

Bit Digital deployed 12,044 bitcoin miners and six ethereum miners last month, representing 1.09 exahash per second (EH/s) and 0.0 terahash per second (TH/s), respectively.

As of July 31, the company’s total hash rate was 2.7 EH/s and 0.3 Terahash TH/s. It owned 38,135 BTC and 731 ETH in its reserves.

The company closed a hosting deal for 5 megawatts in power capacity last month.

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© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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  • Source: https://www.theblock.co/post/162240/bit-digital-mined-111-more-bitcoin-in-july-over-june?utm_source=rss&utm_medium=rss

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