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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Further Diversifies Hosting Portfolio with Primarily Hydro-Powered Site

August 03, 2022 at 11:40 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced that it has finalized an agreement for 5 megawatts of incremental hosting capacity to power its miners. The facility is located in Canada and utilizes a primarily hydro-power operated energy source. Currently powering approximately 650 of the company’s miners, the facility is expected to accommodate 1,500 units over the coming months. “We are pleased to further diversify our hosting portfolio with this primarily hydro-powered site,” said Bit Digital’s CEO Bryan Bullett. “We continue to believe that a diversity of hosting sites mitigates risk and enhances operational efficiency. This new agreement not only advances our goal of becoming entirely carbon-free but does so at an attractive cost that is expected to help reduce our weighted average power cost.”

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About Bit Digital Inc.

Bit Digital is a bitcoin mining company headquartered in New York City. Its mining operations are located in North America. For additional information, please contact IR@bit-digital.com or visit the company’s website at www.Bit-Digital.com.

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