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Crypto Mining Company Bit Digital Has Over 33k Miners and Mined 53.4 Bitcoins in May

Bit Digital produced 53.4 Bitcoin in May, a decrease of 29.9% over the previous month....
Photo by Batyrkhan Shalgimbekov

Bit Digital produced 53.4 Bitcoin in May, a decrease of 29.9% over the previous month.

The company also produced 27.0 ETH during the same month, according to an announcement made Wednesday.

As of May 31, the company had 793.6 BTC, 316.1 ETH and a fair value of approximately $25.2 million and $0.6million, respectively.

At the end of the month, the company had 33,376 Bitcoin miners, and 731 Ethereum miners. This was an estimated total hash rate at 2.17 exahash/second and 0.3 Terahash/sec, respectively.

As of May 31, Bit Digital had 17.9% of its current mining fleet deployed in North America.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. 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.

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