Miner Bit Digital Mined 111% More in July

Miner Bit Digital Mined 111% More in July


Nasdaq-listed crypto mining company Bit Digital mined a total of 142.5 BTC in July, up 111% from the previous month.

According to the press release shared by the company, Bit Digital’s reserves amount to 889.1 BTC and 2,176.9 ETH.

As of July 31, the company owned 38,135 Bitcoin mining devices and 731 Ethereum miners with a maximum hashrate of 2.7 EH/s and 0.3 TH/s, respectively.

Bit Digital has previously announced some of the devices have been shut down due to an incident at a substation in Niagara Falls, New York.


Remember that the total revenue for Bitcoin miners fell 9% last month to $609.7 million.

During the same month, competitors Argo Blockchain and Hut 8 mined 219 BTC and 330 BTC, respectively.


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