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Bitcoin Mining Company Bit Digital Announces a 110% Increase in Mined Bitcoin in July

Bit Digital increased its bitcoin production by 110.8% to $142.5 in July. Last month, the company employed 12,044 bitcoin miners as well as six ethereum miners....
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Bit Digital increased its bitcoin production by 110.8% to $142.5 in July.

Last month, the company employed 12,044 bitcoin miners as well as six ethereum miners.

Bit Digital, a crypto miner, produced 142.5 BTC last July — an 110.8% increase over the previous month.

According to Monday’s operations update, the company also produced 0.5 ETH in July.

Bit Digital deployed 12,044 Bitcoin miners and six Ethereum miners last Month, which represents 1.09 exahash (EH/s), and 0.0 Terahash (TH/s), respectively.

The company’s total hashrate as of July 31 was 2.7 EH/s, and 0.3 Terahash T/s. It had 38,135 BTC reserves and 731 Ethereum.

Last month, the company signed a hosting agreement for 5 megawatts of power capacity.

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 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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