Bit Digital mined 111% more bitcoin in July over June

Quick Take

  • Bit Digital increased bitcoin production by 110.8% to 142.5 in July.
  • The company deployed 12,044 bitcoin miners and six ethereum miners last month.

Crypto miner Bit Digital produced 142.5 BTC in July — a 110.8% increase compared with the previous month.

The company also mined 0.5 ETH in July, according to an operations update released on Monday.

Bit Digital deployed 12,044 bitcoin miners and six ethereum miners last month, representing 1.09 exahash per second (EH/s) and 0.0 terahash per second (TH/s), respectively.

As of July 31, the company's total hash rate was 2.7 EH/s and 0.3 Terahash TH/s. It owned 38,135 BTC and 731 ETH in its reserves.

The company closed a hosting deal for 5 megawatts in power capacity last month.

© 2022 The Block Crypto, Inc. 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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