00:00 Since December 30th, 2022, BitDigital has risen over 500% from low to high, a spectacular
00:07 gain reminiscent of crypto's golden age.
00:09 The team behind the sustainable Bitcoin mining operation has been working behind the scenes
00:13 to improve the company's operations, leading to multiple recent key partnerships, expansions,
00:18 and revenue diversification.
00:20 On May 9th, BitDigital partnered with CoinMint and BlockBreakers to secure an additional
00:24 10 megawatts and 4 megawatts of mining capacity, respectively.
00:28 The partnership with CoinMint features a one-year term with automatic three-month renewals and
00:32 will fill a New York facility with 3,600 S19 mining units running on 99% renewable energy.
00:38 BitDigital's agreement with BlockBreakers will expand its mining fleet by 1,230 S19J
00:43 mining units and cement its expansion into Canada.
00:46 Like the units with CoinMint, the BlockBreaker fleet will run primarily on sustainable energy
00:49 sources, specifically hydroelectric.
00:52 Continuing its expansion, BitDigital partnered with Greenblocks EHF to secure 8.25 megawatts
00:57 of incremental hosting capacity at a facility in Iceland.
01:01 Under the agreement, 2,000 S19J ProPlus and 500 S19 mining units will be added to the
01:06 facility.
01:07 Greenblocks reportedly operates in Iceland's closed power grid, which runs on 100% renewable
01:12 energy, making this expansion a sustainable operation.
01:16 Throughout the year, BitDigital successfully mined 1,247.5 bitcoins and 294.3 ethereum.
01:22 The company owned 37,676 bitcoin miners and 730 ethereum miners as of December 31, 2022,
01:30 with an estimated maximum total hash rate of 2.6 EHS and 0.3 THS, respectively.
01:35 Thanks to recent expansions, the mining fleet has increased by at least 7,300 machines.
01:40 The BitDigital team's fortifications during the bear market have well positioned the company
01:44 moving forward.
01:45 Learn more about BitDigital in the link below.
01:47 [MUSIC PLAYING]
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