Bitcoin Miner Finds Success Following MoM Production Increase

Bitcoin Miner Finds Success Following MoM Production Increase

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, June 6, 2023

Recently there hasn’t been a ton to get excited about in the crypto space, but after seeing the nice rally we saw across the board in crypto on Tuesday, there was a slight change in short term sentiment across the industry.

One New York-based bitcoin miner found some serious success on Tuesday, especially after the company announced late Monday night that May production increased 31% from the prior month, bringing in a total of 113.2 Bitcoins. This announcement paired with the overall rally in the cryptocurrency market caused shares of Bit Digital Inc. (Nasdaq:BTBT) to close up at $2.98/share (+7.19%) on Tuesday.

Bit Digital Inc is engaged in the bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.


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