Bit Digital Has Deployed 39% of Its Crypto Mining Rigs in North America

The firm has shipped all of its machines out of China, but is waiting on hosting capacity to be completed.

AccessTimeIconMar 16, 2022 at 11:37 a.m. UTC
Updated May 11, 2023 at 4:05 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto miner Bit Digital (BTBT) has deployed 39.2% of its total crypto mining rigs in North America a few months after completely moving out from China.

  • As of Tuesday, 10,462 bitcoin miners and 712 Ethereum miners have been deployed in the firm's North America sites, which equate to 0.511 exahash/second (EH/s) and 0.188 terahash/second (TH/s) of computing power respectively. All of its rigs have been in North America since November, but it takes a while to secure electricity and develop the facilities to house them, the miner said in a press release.
  • In total, the firm held 27,744 bitcoin miners and 731 Ethereum miners at the end of 2021. It also placed an order for 10,000 machines with Bitmain last October, for a maximum price of $65 million, the firm said in the press release.
  • Bit Digital mined 240.57 bitcoins (BTC) in the fourth quarter of last year, a substantial fall from the 695.96 BTC mined in the fourth quarter of 2020. The drop was primarily due to the migration and redeployment of the mining machines, the firm said.
  • All in all, Bit Digital expects 103 megawatts (MW) of hosting capacity for its mining rigs to be ready by the end of the year, paying a base fee for power and hosting of $0.037 per kilowatt-hour on average across different contracts.
  • Compute North is providing around 20 MW to Bit Digital's mining sites in Nebraska and Texas, and will deliver another 28 MW of hosting capacity to the miner during the last two quarters of this year, according to the press release.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.