Bit Digital reported a decrease in their BTC mining output by 27.8% in December 2024, mining 32.4 BTC. Despite this decline, strategic diversification allowed an increase in BTC and ETH holdings. By reallocating assets and retiring older equipment, Bit Digital maintained an active hash rate of 1.8 EH/s.
By the end of December 2024, Bit Digital held 742.1 BTC and 27,623.9 ETH, valued at a total of 161.4 million USD. With almost 21,568 ETH actively staked in protocols, Bit Digital earned around 60.6 ETH from staking, with an annual percentage yield near 3.3%, underscoring their shift towards Ethereum staking.