Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (December 2022)
16 slides from Bit Digital's investor presentation, December 2022
Slide 1: Bit Digital is an American sustainability-focused generator of digital assets
December 2022 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 39,323 specialized computers, diversified across four states in the U.S. and one location in Can
Slide 5: Balance sheet remains a competitive advantage
Balance sheet remains a competitive advantage Plus, capital access via 2 effective prospectuses Balance Sheet: › $68.0M total liquidity → cash ($33.6M) (1) + digital assets ($34.4M) › ZERO leverage › ZERO miner purchase obligations › ZERO infrastructure capex funding commitments Capital Markets: › E
Slide 6: 5+ years' liquidity on balance sheet
5+ years' liquidity on balance sheet Low burn rate, no debt, and ample cash provide staying power for "Crypto Winter" LIQUIDITY POSITION ($ in millions) As of Burn Rate Calculation: As of 30-Sep-22 30-Sep-22 Cash and digital assets $ 68.0 Adjusted EBITDA $ (4.3) Burn rate per month (1.0) Add: Impair
Slide 7: Efficient hosting portfolio positioned for growth
Efficient hosting portfolio positioned for growth 228 MW of contracted hosting power implies fleet growth to 6+ EH/s Expected Hosting Roll-out Schedule Runway to 6.1 EH/s Expansion capacity 228 MW Current fleet power consumption Expansion power contracted 105.2 MW Unit power consumption (S19j Pro) 0
Slide 8: 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 9: 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 10: 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 11: Bit Digital is infrastructure-light, maximizing return to shareholders
Canada: 1 site Bit Digital is infrastructure- light, maximizing return to shareholders and operational New York resiliency Nebraska Capital investment focused primarily on ASICs (mining Georgia computers), not physical infrastructure (data centers Texas and power generation) Giving us negotiating po
Slide 12: ESG: We are a leader in digital asset sustainability
ESG: We are a leader in digital asset sustainability Our fleet was running on 79% carbon free energy as of September 30, 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 com
Slide 13: 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 14: Leadership Team
Leadership Team BRYAN BULLETT SAM V. TABAR Chief Executive Officer Chief Strategy Officer Mr. Bullett has over 20 years’ experience spanning Mr. Tabar served as the Co-Founder and Chief financial services and technology. Since early 2020, Strategy Officer of Fluidity from April 2017 to June he serve
Slide 15: Leadership Team
Leadership Team ERKE HUANG BROCK PIERCE Chief Financial Officer & Director Director Mr. Huang had served as Co-Founder and advisor Mr. Pierce has served as Chairman of the Board of Long Soar Technology Limited from August 2019 for Bitcoin Foundation and Integro Foundation since to October 2020; Foun
Slide 16: 33 Irving Place New York, NY 10003 United States
33 Irving Place New York, NY 10003 United States +1 212 463 5121 [email protected] 16