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Cryptocurrencies: 26009
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Cryptocurrencies: 26009
Markets: 101336
Market Cap: $2,905,692,986,217     
24h Vol: $64,980,493,784
Seeking Alpha 2022-12-05 21:11:32

Bit Digital bitcoin production falls in November due to higher network difficulty

Bit Digital bitcoin production falls in November due to higher network difficulty
Bit Digital ( NASDAQ: BTBT ) said Monday it produced 144.1 bitcoin in November, down 5% compared with October, hurt by higher network difficulty. Treasury holdings of bitcoin and ether were 950.3 and 7.06K with a fair market value of ~$16.3M and $9.2M, respectively, on November 30. Bit Digital ( BTBT ) owned 38,593 bitcoin miners and 730 ethereum miners as of November 30, with estimated maximum total hash rate of 2.7 EH/s and 0.3 TH/s, respectively. 39% of the firm's bitcoin mining fleet, or 14,978 bitcoin miners representing 1.40 EH/s, was actively hashing in North America as of November 30.
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