 has announced a revenue of $44.9 million for 2023 – a 39% increase compared to 2022.</p>
<p><span>Bit Digital</span><a><span>claims</span></a><span>they earned 1,507.3 BTC in 2023, a 21% increase compared to 2022. The BTC that the company mined is reported to be valued at around $97 million at current market prices.</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=”” hash=”” rate=”” operations,”=”” but=”” partially=”” offset=”” by=”” increasing=”” network=””>
The mining company also mentioned that as of December 31, 2023, its total assets were $189.3 million. Additionally, shareholder equity is $152.7 million.
The mining company also addresses its continued focus on expanding into carbon-free energy sources to save costs.
Furthermore, the company declares a joint venture 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 graphic processing unit rentals. The company states that the new business operations have begun contributing significant revenue, reporting income of $4 million in February 2024.
