Bit Digital, Inc

Bit Digital is one of the largest publicly-listed bitcoin miners on NASDAQ and provides international expertise in finance, investment, and technology.

Bit Digital’s main intent is to accumulate Bitcoin (BTC) cryptocurrency tokens through which they can sell for FIAT currency from time to time, depending on the conditions of the market; the company generates their revenue from the process of cryptocurrency mining.

Bit Digital provides a publicly-traded option through which investors can end up earning a return on capital that is related to their primary source of revenue—specifically, Bitcoin (BTC). They are the largest Bitcoin miner listed on the NASDAQ in terms of the size of the owned miner fleet. Bit Digital also claims they are continually increasing their usage of clean energy and are working towards using 100% sustainable power. The company specializes in Bitcoin mining, and they house one of the largest currently owned and operating Bitcoin fleets.

In terms of the hash rate, which is a representation of the number of times per second that miners perform network operations, they can handle 1.603 EH/s. In terms of the number of miners they have, which are specialized computer hardware-based machines specifically designed to verify blocks of Bitcoin transactions and secure the networks, through which they can earn newly-created Bitcoin tokens (BTC) and transaction fees for providing it as a service, they have 27,744.

Bit Digital has mined 3,334.89 BTC cryptocurrency tokens as of January 7, 2022, according to the official website. The company secures power through strategic partnerships with specialized hosting center operators, which keeps their infrastructure expenditure low and allows for efficient use of their capital. The Bitcoin transactions are verified by the computing power of a global pool of specialized, privately-owned computers that Bit Digital manages. BTC is the ticker symbol used to describe the cryptocurrency token generated by the Bitcoin network.

Note that the company does not only have miners in one location, but they are spread across the United States, Canada, and China.

The Company conducts its business through:

• Bit Digital Hong Kong Limited, a Hong Kong company, and operating entity in China.
• Bit Digital U.S.A. Inc., operating entity in the United States.
• Bit Digital Canada, Inc., a Government of Alberta, Canada corporation and operating entity in Canada.

Specifically, in the United States, they have miners spread across Texas, Nebraska, Georgia, and New York, while in Canada, they have miners in Alberta.

The company was formerly known as Golden Bull Limited and eventually rebranded and changed its name to Bit Digital, Inc. in September 2020.

Headquartered in New York with operations throughout North America, Bit Digital’s management team has experts in finance, investment as well as technology, including:

• Bryan Bullett—Chief Executive Officer
• Sam V. Tabar—Chief Strategy Officer
• Erke Huang—Chief Financial Officer & Director