NEW YORK, June 24, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), one of many largest publicly-listed Bitcoin miners globally, as we speak introduced it has signed the Crypto Climate Accord.
The Crypto Climate Accord (CCA) is a personal sector-led initiative to decarbonize the crypto and blockchain sector. The CCA brings collectively organizations that inform, develop, take a look at, and implement new options that speed up crypto’s transition to renewable vitality. The Accord supplies an open house to deal with challenges, collect necessities, showcase options, share learnings, and promote greatest business practices.
By changing into a CCA Signatory, Bit Digital is making an necessary public dedication as well as to supporting the event of digital options that #MakeCryptoInexperienced. As a CCA Signatory, Bit Digital has dedicated to obtain net-zero emissions from the electrical energy consumption related to all of its respective crypto-related operations by 2030 and to report progress towards this net-zero emissions goal utilizing greatest business practices.”BTC miners like Bit Digital are important to serving to make Bitcoin 100% renewable. We are excited to welcome them to the Accord and, in partnership with a rising checklist of CCA-committed miners, start to show the case for inexperienced crypto,” mentioned Jesse Morris, CEO of Energy Web.
“To date, Bit Digital has taken main steps to guarantee sustainability of our mining operations, and by signing the CCA now we have emphasised our dedication to decarbonization,” mentioned Bryan Bullett, CEO of Bit Digital. “As of our most up-to-date quarterly reporting, our fleet was working on a majority carbon-free energy. We additionally take part in sustainability initiatives akin to a beforehand introduced demand-response vitality curtailment program. Going ahead, we intend to develop our use of unpolluted energy as we scale.”
“Bit Digital is severe about its management in decarbonizing crypto mining”, says Sam Tabar Chief Strategist of Bit Digital. “Not solely are we committing to the CCA, however now we have develop into the primary US-listed miner to announce an impartial environmental overview and score from a number one ESG consulting agency.”
About Bit Digital
Bit Digital, Inc. is a Bitcoin mining firm headquartered in New York with one of many highest working hash charges (or computing energy) amongst all US listed Bitcoin miners and increasing. The present operations are in the United States, Canada and China. For further info, please contact Sam Tabar at [email protected] or visit www.bit-digital.com.
Investor Notice
Investing in our securities entails a excessive diploma of danger. Before investing resolution, you need to rigorously contemplate the dangers, uncertainties and forward-looking statements described underneath “Risk Factors” in Item 3.D of our most up-to-date Annual Report on Form 20-F for the fiscal yr ended December 31, 2020. If any materials danger was to happen, our enterprise, monetary situation or outcomes of operations would seemingly endure. In that occasion, the worth of our securities might decline and you can lose half or your entire funding. The dangers and uncertainties we describe are usually not the one ones going through us. Additional dangers not presently identified to us or that we at present deem immaterial can also impair our enterprise operations. In addition, our previous monetary efficiency might not be a dependable indicator of future efficiency, and historic developments shouldn’t be used to anticipate outcomes sooner or later. Future modifications within the network-wide mining problem price or Bitcoin hash price can also materially have an effect on the longer term efficiency of Bit Digital’s manufacturing of bitcoin. Additionally, all discussions of monetary metrics assume mining problem charges as of May 2021. See “Safe Harbor Statement” beneath.
Safe Harbor Statement
This press launch could include sure “forward-looking statements” relating to the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, aside from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by way of forward-looking terminology akin to “believes,” “expects,” or comparable expressions, involving identified and unknown dangers and uncertainties. Although the corporate believes that the expectations mirrored in these forward-looking statements are cheap, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. Investors mustn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The firm’s precise outcomes might differ materially from these anticipated in these forward-looking statements on account of a wide range of components, together with these mentioned within the firm’s periodic stories which are filed with the Securities and Exchange Commission and obtainable on its web site at http://www.sec.gov. All forward-looking statements attributable to the corporate or individuals appearing on its behalf are expressly certified of their entirety by these components. Other than as required underneath the securities legal guidelines, the corporate doesn’t assume an obligation to replace these forward-looking statements.
SOURCE Bit Digital, Inc.
