NEW YORK, Dec. 7, 2021 /PRNewswire/ -- Bit Digital, Inc.
(Nasdaq: BTBT) ("Bit Digital" or the "Company"), a public bitcoin
mining company headquartered in New
York, announced today it has become a member of the Bitcoin
Mining Council (BMC), joining MicroStrategy and founding members
Argo Blockchain, Core Scientific, Marathon Digital Holdings, Riot
Blockchain and Galaxy Digital, among others.
Mr. Bullett commented, "We are thrilled to join the Bitcoin
Mining Council and be part of its important mission to promote
sustainable energy use and industry transparency. At Bit Digital we
are dedicated to continuously enhancing the sustainability of our
operations, and the larger bitcoin network. Joining the Bit Mining
Council acts in furtherance of our commitment to
Michael Saylor, founder of the
BMC and renowned investor, commented, "At BMC, we are all coming
together to educate the public and gather insights about the latest
developments in the bitcoin mining business and how we are using
energy. We recognize Bit Digital's efforts to operate using
carbon-free energy, and welcome them to the Council."
Bit Digital joins the BMC in its campaign for industry
transparency, sharing best practices and educating the public on
the benefits of bitcoin and mining. The Company has participated in
the latest BMC survey of sustainable power and is refining its
strategy to further prioritize the use of carbon-free energy in its
operations. In the future, Bit Digital intends to operate on 100%
Bit Digital has been covered extensively by the Wall Street
Journal and Bloomberg for its efforts on sustainability.
About Bitcoin Mining Council
The Bitcoin Mining Council is a voluntary and open forum of
Bitcoin mining companies and other companies in the Bitcoin
industry committed to the Bitcoin network and its core principles.
It promotes transparency, shares best practices, and educates the
public on the benefits of Bitcoin and Bitcoin mining. For more
information, visit: www.bitcoinminingcouncil.com
About Bit Digital
Bit Digital, Inc. is a bitcoin mining company headquartered in
New York City. Our mining
operations are located in North
America. For additional information, please contact
Sam Tabar at email@example.com or
visit our www.bit-digital.com.
Investing in our securities involves a high degree of risk.
Before making an investment decision, you should carefully consider
the risks, uncertainties and forward-looking statements described
under "Risk Factors" in Item 3.D of our most recent Annual Report
on Form 20-F for the fiscal year ended December 31, 2020. If any material risk was to
occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities
could decline and you could lose part or all of your investment.
The risks and uncertainties we describe are not the only ones
facing us. Additional risks not presently known to us or that we
currently deem immaterial may also impair our business operations.
In addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. Future changes in the
network-wide mining difficulty rate or Bitcoin hash rate may also
materially affect the future performance of Bit Digital's
production of bitcoin. Additionally, all discussions of financial
metrics assume mining difficulty rates as of September 2021. See "Safe Harbor Statement"
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of Bit Digital, Inc., and its
subsidiary companies. All statements, other than statements of
historical fact included herein are "forward-looking statements."
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects," 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'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's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website at http://www.sec.gov. 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.
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SOURCE Bit Digital, Inc.