Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (April 2023)
17 slides from Bit Digital's investor presentation, April 2023
Slide 1: Bit Digital is an American sustainability-focused generator of digital assets
April 2023 Bit Digital is an American sustainability-focused generator of digital assets 1
Slide 2: Investor Notice
Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our most recent Annual Report on Form 20-F for the fis
Slide 3: Our Mission
Our To build a leading North American digital asset mining platform while setting the standard for sustainability Mission 3
Slide 4: Bit Digital Highlights
Bit Digital Highlights Bit Digital Inc. (Nasdaq: BTBT) is a leading North American digital asset miner focused on sustainability Bit Digital is an institutional scale digital asset miner, with a fleet of 38,406 specialized computers, diversified across hosting locations in the U.S. and Canada Bit Di
Slide 5: Balance sheet remains a competitive advantage
Balance sheet remains a competitive advantage Plus, capital access via 2 effective prospectuses Balance Sheet as March 31, 2023: › $70M total liquidity → cash ($27.9M) + digital assets ($42.1M) › ZERO leverage › ZERO miner purchase obligations › ZERO infrastructure capex funding commitments Capital
Slide 6: Fiscal Year 2022 Highlights
Fiscal Year 2022 Highlights FY 2022 Results Summary: › Total Revenue: $32.3 million › $32.7 million of cash with zero debt as of December 31, 2022 FY 2022 Operational Results Summary: › Total BTC Mined in FY22: 1,247 › Average Production Cost: $12,942 per bitcoin ((COGs (1) – Profit Sharing (2) )/ B
Slide 7: Strategic Priorities for 2023
Strategic Priorities for 2023 ➢ Maintain a best-in-class balance sheet • Continued focus on prudent balance sheet management through 2023 and beyond ➢ Strategically deploy capital • Opportunistic credit investments • Prudent miner fleet growth: target to double operating fleet to approximately 2.6 E
Slide 8: Bit Digital is infrastructure-light
Bit Digital is infrastructure-light Hosting strategy designed to maximize shareholders returns and operational resiliency ➢ We partner with leading data center operators, allowing us to A US leader in network development, specialize on mining hosting, and mining operations; 90% of operations are zer
Slide 9: ESG: We are a leader in digital asset sustainability
ESG: We are a leader in digital asset sustainability Our fleet was running on 85% carbon free energy as of December 31, 2022, without using any carbon credits or offsets Inspired by the Paris Climate Agreement, the CCA is a private sector- Recognized thought led initiative for the entire crypto comm
Slide 10: Strategic Procurement Advantage
Strategic Procurement Advantage Differentiated miner procurement enables us to continue scaling, even at times of industry turmoil ➢ Not reliant on long-dated purchase orders from OEMs which have hamstrung competitors o Through our deep proprietary network, we enjoy unrivaled access to the spot mark
Slide 11: Bit Digital Introduces ETH Staking
Bit Digital Introduces ETH Staking Bit Digital has expanded into validating transactions on the Ethereum blockchain Accumulating and actively staking ETH to generate yields New, predictable and recurring stream of digital asset rewards Diversifies into another blue-chip digital asset and provides in
Slide 12: The Ethereum Blockchain
The Ethereum Blockchain Bit Digital will derive revenues from Ethereum network validator rewards – expected to increase substantially post- “Merge” PROOF OF WORK PROOF OF STAKE BENEFITS • Ethereum powers a smart Ethereum Ethereum 99.95%2 contract economy that has made it the second biggest Miners Va
Slide 13: Ethereum staking benefits Bit Digital stakeholders
Ethereum staking benefits Bit Digital stakeholders Early entrant Revenue APR-earning Potential for NAV appreciation with permanent Diversification: asset with ETH balances potential: protected Rewards deflationary to compound Exposure to smart market share 1 denominated properties 1 over time contra
Slide 14: The Bit Digital Flywheel
NASDAQ: BTBT The Bit Digital Flywheel 1 Sustainable BIG Power Mining Redeploy BTC Miners Rewards Assets 4 Accumulate Staking Rewards Exchange BTC for ETH BIT DIGITAL 44
Slide 15: Leadership Team
Leadership Team SAM V. TABAR ERKE HUANG Chief Executive Officer Chief Financial Officer & Director Mr. Tabar served as Chief Strategy Officer of Mr. Huang has served as Chief Financial Officer Bit Digital from 2021 to 2023. He served as the of Bit Digital since October 18, 2019. Mr. Huang Co-Founder
Slide 16: Leadership Team
Leadership Team BRYAN BULLETT BROCK PIERCE Senior Advisor Director Mr. Bullett served as Chief Executive Officer of Bit Mr. Pierce has served as Chairman of the Board Digital from 2021 to 2023. From August 2016 to for Bitcoin Foundation and Integro Foundation since June 2019, Mr. Bullett served as E
Slide 17: 33 Irving Place New York, NY 10003 United States
33 Irving Place New York, NY 10003 United States +1 212 463 5121 [email protected] 17