Bit Digital has expanded its Bitcoin mining fleet into Canada and Iceland, transforming it into a global, institutional grade operation. As a result, Bit Digital’s hash rate – the processing capacity of its computer fleet – has reached 2.7 exa-hash per second. One exa-hash is equivalent to one quadrillion hashes per second. The higher processing power means that Bit Digital is more likely to solve the mathematical operation required to validate a transaction, which means it’s more likely to be rewarded with Bitcoin.
