Bit Digital mined no ETH in June

Quick Take

  • Bitcoin and Ethereum miner Bit Digital increased its bitcoin production by 26.6% but didn’t mine any ETH in June.
  • As of July 30, the company had deployed 1.06 EH/s in bitcoin mining.

Bit Digital mined 67.6 bitcoin (up 26.6% month-over-month) and no ether in June.

As of June 30, the company held 860.7 BTC and 313.6 ETH in its treasury, according to an operational update published Tuesday.

Bit Digital had mined 27 ETH in May and 77.32 the month before that. As of May 31, the company had announced that it had zero Ethereum miners deployed.

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The company owns 38,135 bitcoin miners and 731 Ethereum miners, which together make up a total hash rate of 2.7 exahashes per second (EH/s) and 0.3 TH/s, respectively. However, only a part of this fleet has been deployed.

As of July 3, 1.06 EH/s in bitcoin mining had been deployed, partly due to the completion of a hash rate swap agreement with Riot and a hosting deal with Coinmint.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).

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