Bit Digital in a way personifies the harm which abrupt Chinese state action against Bitcoin mining can inflict to a miner.Far from choosing the easy route and just relocating to some nearby country, the company has chosen stable North American jurisdictions plus a distributed footprint across the U.S.Its strategy to select a substantial component of renewables as part of the energy mix is also attractive compared to established miners already using fossil fuels.Despite the miner having migrated a lot of machines to the U.S., its current hash rate of 1.603 EH/s remains behind the end of August's 1.920 EH/s capacity.Given its treasury of digital coins, BTBT remains valuable, but, before purchasing the stock, it is better to wait for Q4's financial results as well as watch out if the miner is able to improve on the low amount of minted Bitcoins during Q3.
