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Bit Digital Increased Bitcoin Mining by 111% in July

Nasdaq-listed mining company Bit Digital mined 142.5 BTC in July, up 111% from the previous month. This is stated in the press release.

Bit Digital reserves amounted to 889.1 BTC ($21.3 million) and 2176.9 ETH ($3.9 million).

As of July 31, the company owned 38,135 bitcoin miners and 731 Ethereum mining devices with a maximum hash rate of 2.7 EH/s and 0.3 TH/s, respectively.

Earlier, Bit Digital reported that some of the machines were turned off due to an incident at a substation in Niagara Falls, New York.

Recall that in July the total income of miners of the first cryptocurrency fell by 9% and amounted to $609.7 million.

In the same month, competitors Argo Blockchain and Hut 8 managed to mine 219 BTC and 330 BTC, respectively.

In August, as a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 1.74%, to 28.17 T.

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About author

Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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