Bit Digital Inc (NASDAQ:BTBT) announced that it has 256 servers actively generating revenue for its Bit Digital AI Contract, earning an estimated $4.1 million of unaudited revenue from this contract during June.
During the month, the company produced 61.7 Bitcoin, down 2.5% from the previous month.
Its active hash rate as of June 30, 2024, was approximately 2.57 EH/s.
As of the same date, it had approximately 17,184 Ethereum actively staked in native staking protocols.
It earned a blended APY of approximately 3.5% on its staked Ethereum position in June and earned aggregate staking rewards of approximately 49.8 Ethereum.
It finished the month with 585.9 Bitcoin and 29,927.9 Ethereum in treasury holdings, which had a fair market value of approximately $36.7 million and $102.7 million, respectively.
The Bitcoin equivalent of its digital assets at the month-end was approximately 2,230.5 or $139.8 million.
It exited June with cash and cash equivalents of $60.8 million and total liquidity of $200.6 million.
Bit Digital has Bitcoin mining operations in the US, Canada and Iceland and a business line, Bit Digital AI, that offers specialized cloud infrastructure services for AI applications.