Bit Digital cuts Bitcoin mining in September

In September, the Nasdaq-listed mining company Bit Digital mined 141.3 BTC, down 3% from the previous figure. This is говорится in a press release.

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As of September 30, the firm’s reserves stood at 943.3 BTC (about $18.3 million) and 5,261.7 ETH ($7 million).

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By the end of the month Bit Digital owned 38,594 Bitcoin miners and 730 Ethereum miners with maximum hash rates of 2.7 EH/s and 0.3 EH/s, respectively. During the reporting period the company did not mine any Ether, due to transition of the network to the Proof-of-Stake consensus algorithm.

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Bit Digital noted that Compute North, a provider of infrastructure solutions for cloud mining of cryptocurrencies, supplied the company’s miners with about 20 MW of capacity. After its bankruptcy filing, the relationship between the partners will be reviewed.

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“However, at this moment, Bit Digital does not believe that the bankruptcy filing will affect the mining company’s current operations,” the release says.

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Earlier, Arcane Research analysts concluded that the vast majority of publicly listed miners suffered due to crypto winter, however maintained a stable financial position.

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As reported in September, the aggregate income of bitcoin miners fell by 19% — to $551 million, according to ForkLog.

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