Bit Digital (BTBT) Q3 2024 Earnings Breakdown

Financial Highlights:

• GAAP loss per share: $0.26 (Q3 2024) compared to $0.08 (Q3 2023)
• Treasury holdings:
• 731.1 BTC (approx. $46.3 million)
• 27,388.1 ETH (approx. $71.3 million)
• Total BTC equivalent: 1,863 BTC (approx. $118.0 million)

Operational Highlights:

• Bitcoin mined: 165.4 BTC (Q3 2024), a 59% decrease year-over-year due to halving and network difficulty
• Operational hash rate increased by 104% year-over-year
• Bitcoin mining fleet: 50,044 miners with a total maximum hash rate of 4.3 EH/s
• Active hash rate: 2.4 EH/s (as of September 30, 2024)
• 88% of electricity consumption from carbon-free sources
• 21,568 ETH actively staked in native staking protocols