Bit Digital Increases Bitcoin Mining 111% in July
- August 8, 2022
- 0
Nasdaq-listed mining company Bit Digital mined 142.5 BTC in July, an increase of 111% compared to the previous month. This is stated in the press release. Bit Digital
Nasdaq-listed mining company Bit Digital mined 142.5 BTC in July, an increase of 111% compared to the previous month. This is stated in the press release.
Bit Digital reserves amounted to 889.1 BTC ($21.3 million) and 2176.9 ETH ($3.9 million).
As of July 31, the company had 38,135 bitcoin miners and 731 Ethereum mining devices with a maximum hash rate of 2.7 EH/s and 0.3 TH/s, respectively.
Earlier, Bit Digital announced that some machines were shut down due to an incident at a substation in Niagara Falls, New York.
Recall that in July, the total revenue of the first cryptocurrency miners fell by 9% to $ 609.7 million.
In the same month, competitors Argo Blockchain and Hut 8 managed to mine 219 BTC and 330 BTC, respectively.
In August, as a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 1.74% to 28.17 T.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
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