Deep Tide TechFlow news, on January 9, according to the official website, Nasdaq-listed Bitcoin mining company Bit Digital released its production update for December 2024, disclosing a Bitcoin mining output of 32.4 BTC in December, down 27.8% from the previous month. The main reasons for the decline are changes in the company's hosting portfolio, continuous redeployment of mining assets to new locations, and the retirement of older generation mining machines. As of December 2024, Bit Digital's active hash rate is approximately 1.8 EH/s.
As of December 2024, the company's unaudited GPU cloud computing business total revenue is approximately $4.5 million. As of December 31, 2024, the company holds 742.1 Bitcoin and 27,623.9 Ethereum, with a fair value of approximately $69.3 million and $92.1 million, respectively. As of December 31, 2024, the company's digital assets, priced in Bitcoin, are approximately equal to 1,731.8 BTC, valued at about $161.8 million. As of December 2024, the company has cash and cash equivalents of $98.6 million, with total liquidity of approximately $260.4 million.
