BitDigital refutes US JCapital's "fake data"

According to CoinDesk, on January 21, Nasdaq-listed bitcoin miner BitDigital (BTBT) confirmed the inaccuracy of U.S. short-selling firm J Capital Research. According to a report by J Capital, according to data from Bit Digital, the company exploits nearly 23,000 Bitcoin miners in China "fraudulently." J Capital also claimed that Bit Digital was a "Bitcoin counterfeit company" and that Bit Digital had admitted to the Chinese city government that there was no "Bitcoin mining machine" in China. In response, Bit Digital said that all major mining industries in China are regulated by XMAX Hong Kong and all “electricity costs and other expenses” are paid to suppliers made in Hong Kong, China. Bit Digital's market capitalization is known to have fallen by $ 130 million (around 100 billion won) since J Capital's announcement.