Bitcoin mining company Bit Digital said that its venture into artificial intelligence had already produced $4 million of revenue in February 2024.
Nasdaq-listed Bitcoin (BTC) mining firm Bit Digital has announced earnings of $44.9 million for 2023 — up 39% from 2022.
Bit Digital said it earned 1,507.3 BTC in 2023, which represents a 21% increase compared to 2022. The BTC amount reported by the mining firm is worth around $97 million at current market prices.
Bit Digital said this growth was driven by a “higher active hash rate” but was partially offset by increased network difficulty.