Bit Digital came out “in plus” after moving to eThereum accumulation

Bit Digital, whose shares are trading on NASDAQ, reported $ 14.9 million in the second quarter against $ 12 million a year earlier. About it It is in the press release of the firm.

The total income of the company decreased by 11.7%-to $ 25.7 million. This is due to the fall in revenue from Bitcoin Mringing by 58.8%-from $ 16.1 million to $ 6.6 million.

“Reduction is associated with an increase in the complexity of the network, halving in April 2024 and a decrease in active hashraits,” – said Bit Digital.

New areas of activity partially compensated for these losses. In June, the company began to curtail bitcoin production operations and reorient the capital to Ethereum.

At the time of Bit Digital, it owned over 120,300 ETH total cost of $ 556.7 million. In total, the corporate treasury balances are $ 3.7 million ETH worth $ 17 billion.

Top 10 Ethereum holders among public companies. Source: Strategic Eth Reserve.

Last quarter, the company also received about 166.8 ETH in the form of rewards for stinging with an annual yield of 3.1%.

“Our goal is to form one of the largest in the public segment of the battery in blockchain and to generate attractive profitability from stinging for shareholders,” CEO Bit Digital said Sam Tabmer.

According to the results of the last trading session, the company fell by 0.63% – up to $ 3.19, according to Yahoo Finance. At the same time, in the last five days, their cost has increased by 8.1%, and since the beginning of the year – by 8.9%.

Recall that corporate cryptocurrencies have caused disputes in the community. Proponents believe that such structures increase the identity of the ecosystem and create long -term value, while critics warn of the risk of conflict of interest.

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