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ARKBIT CAPITAL LLC announces the production figures from the Company’s global Bitcoin operations for the month of December 2022, with 134 Bitcoin produced at an average of 4.46 Bitcoin per day. Total bitcoin holdings increased to 2,545 BTC with a fair market value of approximately $43 million as of January 12, 2023
● The operating mining fleet consisted of approximately 38,000 active miners, producing approximately 4.29 EH/s, after approximately 36,574 miners (c. 3.93 EH/s) were successfully energized during December 2022
● ARKBIT CAPITAL has a strong balance sheet, with approximately $39.4 million USD of Bitcoin, and no expensive borrowing against equipment like ASICs or GPU chips or digital assets.
● ARKBIT CAPITAL owns all of its ASICs and GPUs, with a clear title; there are no debt servicing payments associated with any of our digital assets or crypto mining hardware.
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ARKBIT CAPITAL Production Report December 2022 – Mined 134 #BTC and Holding 2454 #BTC