{"id":469750,"date":"2021-04-01T09:03:47","date_gmt":"2021-04-01T13:03:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469750"},"modified":"2021-04-01T09:03:47","modified_gmt":"2021-04-01T13:03:47","slug":"bit-digital-inc-announces-2020-financial-highlights","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-digital-inc-announces-2020-financial-highlights\/","title":{"rendered":"Bit Digital, Inc. Announces 2020 Financial Highlights"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">April 1, 2021<\/span> \/PRNewswire\/ &#8212; Bit Digital, Inc. (Nasdaq: BTBT) (the &#8220;Company&#8221;), a bitcoin mining company headquartered in <span class=\"xn-location\">New York<\/span>, announced that it filed its annual report on Form 20-F for the fiscal year ended <span class=\"xn-chron\">December 31, 2020<\/span> with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) on <span class=\"xn-chron\">March 30, 2021<\/span>. The annual report, which contains its audited financial statements, can be accessed on the SEC&#8217;s website at <a target=\"_blank\" href=\"http:\/\/www.sec.gov\/\" rel=\"nofollow noopener noreferrer\">http:\/\/www.sec.gov<\/a> as well as on the Company&#8217;s investor relations website at <a target=\"_blank\" href=\"http:\/\/www.bit-digital.com\/\" rel=\"nofollow noopener noreferrer\">http:\/\/www.bit-digital.com<\/a>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1314923\/Company_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1314923\/Company_Logo.jpg\" title=\"Company Logo (PRNewsfoto\/Bit Digital, Inc.)\" alt=\"Company Logo (PRNewsfoto\/Bit Digital, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>Full Year 2020 Highlights<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Bitcoin mining revenue was <span class=\"xn-money\">$21.07 million<\/span>. <\/li>\n<li>We earned 1,510.20 bitcoins from our bitcoin mining business; 695.97 bitcoin earned during the fourth quarter. <\/li>\n<li>Net income from continuing operations was <span class=\"xn-money\">$1.92 million<\/span>, derived entirely from our bitcoin mining business, compared with net loss of <span class=\"xn-money\">$2.00 million<\/span> from continuing operations in 2019 <\/li>\n<li>Total assets of <span class=\"xn-money\">$39.89 million<\/span>, representing an increase of 783.28% compared with that of at the end of 2019. <\/li>\n<li>We owned 40,865 miners for a total hash of 2,253.5 PH\/s, all of which were acquired during 2020.<\/li>\n<\/ul>\n<p>\n        <b>Management Commentary<\/b>\n      <\/p>\n<p>&#8220;2020 was an extraordinary year, as Bit Digital successfully entered and rapidly scaled its bitcoin mining business, and today enjoys one of the highest operating hash rates of any U.S. listed bitcoin mining company at 2,253.5 Petahash&#8221; said Erke Huang, Bit Digital&#8217;s CFO. &#8220;As of <span class=\"xn-chron\">December 31, 2020<\/span>, we owned a total of 40,865 miners, encompassing one of the largest operating fleets of any U.S. publicly listed bitcoin miner.&#8221;<\/p>\n<p>&#8220;We achieved this growth through our efficient sourcing of miners, and entry into partnerships with valued hosting providers, which secure us access to electricity and facilities at affordable rates. We took advantage of opportunities to migrate miners on a seasonal basis and to opportunistically access lower-cost power, a portion of which comes from renewable sources. We recently commenced the internationalization of our business, deploying miners in <span class=\"xn-location\">the United States<\/span>, where as of <span class=\"xn-chron\">March 26, 2021<\/span>, we deployed 5,281 miners, with an additional 3,300 newly purchased miners expected to be launched in the U.S. by the end of <span class=\"xn-chron\">April 2021<\/span>. Going forward, we expect a growing portion of our fleet to be in <span class=\"xn-location\">North America<\/span>.&#8221;<\/p>\n<p>&#8220;Finally, we completed the disposition of our legacy businesses and booked full impairment against their assets, so that today we operate as a pure-play bitcoin miner.&#8221;<\/p>\n<p>\n        <b>Mining Assets<\/b>\n      <\/p>\n<p>As of <span class=\"xn-chron\">March 26, 2021<\/span>, we had a total of 41,226 miners, including 7,025 Antminer S17+, 195 Antminer S17E, 32 Antminer S17Pro, 205 Antminer S19Pro, 800 Antminer T3, 9,110 Antminer T17, 256 Antminer T17+, 2,200 Whatsminer M10, 4,125 Whatsminer M20S,16,917 Whatsminer M21S, 261 Whatsminer M30S and 100 Whatsminer M31S, located in Xinjiang, <span class=\"xn-location\">Sichuan Province<\/span> and <span class=\"xn-location\">Yunnan Province<\/span> in <span class=\"xn-location\">China<\/span>, and in <span class=\"xn-location\">Texas<\/span>, <span class=\"xn-location\">Nebraska<\/span> and <span class=\"xn-location\">Georgia<\/span> in <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>\n        <b>Digital Assets<\/b>\n      <\/p>\n<p>As of <span class=\"xn-chron\">December 31, 2020<\/span> and <span class=\"xn-chron\">February 28, 2021<\/span>, we had 262.62 and 622.94 bitcoins on hand. The following table presents our bitcoin mining activities in coins as of <span class=\"xn-chron\">December 31, 2020<\/span> and <span class=\"xn-chron\">February 28, 2021<\/span>. As of <span class=\"xn-chron\">March 28, 2021<\/span>, we had 537.76 bitcoins on hand.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Number <br \/>of<br \/>Bitcoins<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Amounts<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Balance at January 1, 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2013<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2013<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Receipt of cryptocurrencies from mining services<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1510.20<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,065,113<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sales of cryptocurrencies<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,242.39)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(15,534,982)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Lending of cryptocurrencies to a third party<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5.19)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(97,771)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Realized gain on sale of cryptocurrencies<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">805,557<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Balance at December 31, 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">262.62<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,237,917<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Receipt of cryptocurrencies from mining services<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">757.85<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sales of cryptocurrencies<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(357.84)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Lending of cryptocurrencies to a third party<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(39.69)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Balance at February 28, 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">622.94<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Safe Harbor Statement<\/b>\n      <\/p>\n<p>This press release may contain certain &#8220;forward-looking statements&#8221; relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are &#8220;forward-looking statements.&#8221; These forward-looking statements are often identified by the use of forward-looking terminology such as &#8220;believes,&#8221; &#8220;expects,&#8221; or similar expressions, involving known and unknown risks and uncertainties. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company&#8217;s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company&#8217;s periodic reports that are filed with the Securities and Exchange Commission and available on its website at <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">http:\/\/www.sec.gov<\/a>. All forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the company does not assume a duty to update these forward-looking statements.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN29345&amp;sd=2021-04-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/bit-digital-inc-announces-2020-financial-highlights-301260245.html\">http:\/\/www.prnewswire.com\/news-releases\/bit-digital-inc-announces-2020-financial-highlights-301260245.html<\/a><\/p>\n<p>SOURCE  Bit Digital, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN29345&amp;Transmission_Id=202104010900PR_NEWS_USPR_____CN29345&amp;DateId=20210401\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, April 1, 2021 \/PRNewswire\/ &#8212; Bit Digital, Inc. (Nasdaq: BTBT) (the &#8220;Company&#8221;), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) on March 30, 2021. The annual report, which contains its audited financial statements, can be accessed on the SEC&#8217;s website at http:\/\/www.sec.gov as well as on the Company&#8217;s investor relations website at http:\/\/www.bit-digital.com. Full Year 2020 Highlights Bitcoin mining revenue was $21.07 million. We earned 1,510.20 bitcoins from our bitcoin mining business; 695.97 bitcoin earned during the fourth quarter. Net income from continuing operations was $1.92 million, derived entirely from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-digital-inc-announces-2020-financial-highlights\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bit Digital, Inc. Announces 2020 Financial Highlights&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469750","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bit Digital, Inc. Announces 2020 Financial Highlights - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-digital-inc-announces-2020-financial-highlights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bit Digital, Inc. Announces 2020 Financial Highlights - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, April 1, 2021 \/PRNewswire\/ &#8212; Bit Digital, Inc. (Nasdaq: BTBT) (the &#8220;Company&#8221;), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) on March 30, 2021. The annual report, which contains its audited financial statements, can be accessed on the SEC&#8217;s website at http:\/\/www.sec.gov as well as on the Company&#8217;s investor relations website at http:\/\/www.bit-digital.com. Full Year 2020 Highlights Bitcoin mining revenue was $21.07 million. We earned 1,510.20 bitcoins from our bitcoin mining business; 695.97 bitcoin earned during the fourth quarter. Net income from continuing operations was $1.92 million, derived entirely from &hellip; Continue reading &quot;Bit Digital, Inc. 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Announces 2020 Financial Highlights - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-digital-inc-announces-2020-financial-highlights\/","og_locale":"en_US","og_type":"article","og_title":"Bit Digital, Inc. Announces 2020 Financial Highlights - Market Newsdesk","og_description":"PR Newswire NEW YORK, April 1, 2021 \/PRNewswire\/ &#8212; Bit Digital, Inc. (Nasdaq: BTBT) (the &#8220;Company&#8221;), a bitcoin mining company headquartered in New York, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) on March 30, 2021. 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