Bit Digital Releases Q3 2021 Financial Numbers

Bit Digital Inc. BTBT, a Bitcoin mining company headquartered in New York, has reported its unaudited financial results for Q3, the period ending Sept. 30, 2021. Included in the report are several notable highlights, including revenue from Bitcoin mining for the period reaching $10.4 million with a total of 248.4 Bitcoins mined; the company noted that number was down from the second quarter because of miner migration and fleet repositioning. Non-GAAP income from operations for the quarter was $4.8 million, with non-GAAP net income coming in at $4 million and cash and cash equivalents totaling $26.5 million and total liquidity, or cash and digital assets, of approximately $61.5 million.

“We had no miners remaining in China,” Bit Digital stated in the press release, noting that “100% of our miner fleet was deployed, in transit to, or awaiting installation in North America.”

To view the full press release, visit https://ibn.fm/Y9jgF

About Bit Digital Inc.

Bit Digital is a Bitcoin mining company headquartered in New York City. The company’s mining operations are located in North America. For additional information about this company, visit www.Bit-Digital.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Image Sourced from Pixabay

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content was purely for informational purposes only and not intended to be investing advice.