Bit Digital Inc (NASDAQ:BTBT) ended the month of November with 813 Bitcoin (BTC) and 27,563 Ethereum (ETH) valued at approximately $78.4 million and $102.1 million, respectively.
According to the high-performance computing (HPC) infrastructure and digital asset production company’s unaudited revenue figures for November 2024, New York-based Bit Digital generated approximately $4.3 million in GPU cloud revenue for the month, supported by 266 servers and 2,128 GPUs contracted under its Bit Digital AI agreements.
The combined BTC-equivalent value of its digital assets was approximately $181.2 million, according to a statement from the company.
Bit Digital also reported total liquidity of $332.5 million, including cash, cash equivalents, USDC, and digital assets, with $151.3 million held in cash and cash equivalents.
At its Tier-3 Enovum Data Center, the company supported 13 active customers, generating C$705,200 (approximately US$503,500) in colocation revenue during November.
As well, Bit Digital signed contracts totaling $18.7 million during the month. These agreements included a six-month contract for 512 H200 GPUs worth $5 million, a 12-month contract for 576 H200 GPUs valued at $10.1 million, and a month-to-month agreement for 64 H200 GPUs later expanded to include an additional 128 GPUs.
The initial deployments under these contracts have started, utilizing the company’s existing GPU inventory.
In its digital asset operations, Bit Digital produced 44.9 BTC in November, a 14% decline from the previous month. However, its active hash rate increased by 3.3% to 2.51 EH/s.
The company also staked 21,568 ETH, earning staking rewards of 59.9 ETH at a blended annual percentage yield of 3.4%.