 has announced a revenue of $44.9 million for 2023 – a 39% increase from 2022.</p>
<p><span>Bit Digital </span><a><span>states</span></a><span> that they earned 1,507.3 BTC in 2023, a 21% increase from 2022. The BTC mined by the company is reported to be worth approximately $97 million at the current market price.</span></p><div class='code-block code-block-7' style='margin: 8px 0; clear: both;'>
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Bit Digital attributes this growth to ” higher=”” mining=”” hash=”” rate,”=”” but=”” partially=”” offset=”” by=”” the=”” increasing=”” network=””>
The mining company also mentioned that as of December 31, 2023, its total assets were $189.3 million. Additionally, the shareholders’ equity is $152.7 million.
The mining company also mentions that they will continue to focus on expanding into carbon-free energy supply sectors, cost savings.
Simultaneously, the company also declares joint ventures in artificial intelligence technology alongside digital assets. Bit Digital states that their new business operations will provide digital infrastructure services to customers.
This includes services for graphics processing unit rentals. The company notes that the business operations have already started contributing significant revenue, reporting a $4 million income in February 2024.
