Bit Digital released its production update for December 2024, revealing that its Bitcoin mining output was 32.4 BTC, a decrease of 27.8% from the previous month. This decline is primarily attributed to changes in the hosting portfolio, redeployment of mining assets, and the retirement of older mining machines. 📉

As of December 2024, Bit Digital's active hash rate is approximately 1.8 EH/s. The company also reported that its unaudited GPU cloud computing business had total revenues of around $4.5 million. 💻

In terms of digital assets, the company holds 742.1 Bitcoins and 27,623.9 Ethers, with fair values of $69.3 million and $92.1 million, respectively. 💰

The company's total liquidity is approximately $260.4 million, indicating strong financial stability. 📊