Accelerating Innovation with High Performance Computing Solutions

Bit Digital harnesses the powerful synergies between high performance computing (HPC), Bitcoin mining, and Ethereum staking, optimizing computational resources for maximum efficiency. As a pioneer in the HPC/AI space, Bit Digital spans across the United States, Canada, and Iceland with a focus on providing carbon-free, future-ready compute power.

BREAKING: Bit Digital, Inc. Vertically Integrates, Acquiring Tier 3 HPC Datacenter Company; 280+ MW Pipeline in Major Metropolitan Areas

NEW YORK, October 14, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York, announced today that it has acquired Enovum Data Centers (“Enovum”), an owner, operator, and developer of high-performance computing (“HPC”) datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM). This transaction vertically integrates Bit Digital’s HPC operations with an existing, fully operational and fully leased Tier 3 datacenter in a major city; provides a strong diversity of existing and prospective colocation customers; delivers a strong pipeline of expansion site opportunities and an experienced team to lead the development processes; and enables Bit Digital to offer new service offerings such as colocation and on-demand computing to complement its existing GPU offerings.

Read the full press release for more information.

Key features
Datacenter

HPC Data Center

4MW Tier-3 datacenter powered by renewable hydroelectricity. The site features 2N UPS and 2N generators with N+1 redundant cooling design and can be expanded to up to 24MW.

GPU

GPU Cloud

GPU-as-a-Service provides scalable, high-performance computing designed for intensive computational workloads. Harness the power of advanced GPUs without costly hardware investment.

Bitcoin

Bitcoin Mining

Headquartered in New York, our Bitcoin mining operations span the United States, Canada, and Iceland and represent a mining fleet with significant scale.

staking-icon-2

Ethereum Staking

We stake a significant portion of our >27,000 ETH holdings to help support network security and earn rewards through proof-of-stake, driving decentralized growth.

Cash

Capital-Efficient Power

Beyond our own datacenter, we secure power through strategic partnerships with specialized hosting center operators, keeping infrastructure expenditure low and making efficient use of our capital.

Green Energy

Sustainable

We are committed to continually enhancing the sustainability of our HPC infrastructure and the larger Bitcoin network with the majority of our GPUs and miners running on carbon-free renewable energy.

OUR OPERATIONS

Our large-scale HPC infrastructure, Bitcoin mining, and Ethereum staking operations provide a highly secure network of GPUs and miners.

Number of GPUs

>2,000 GPUs

Total number of GPUs for AI as of 9/30/24 Info

High Performance Computing: Bit Digital offers specialized High Performance Computing (HPC) infrastructure to bolster the growing demands of artificial intelligence (AI) workstreams.

Number of Miners

>50,000 Owned Fleet

The total number of mining assets in our network Info

Miners are specialized computer hardware designed to verify blocks of bitcoin transactions and in turn, secure the network. Miners earn newly-created bitcoins and transaction fees in connection with providing this service.

Hash Rate

4.3 EH/ s

The maximum processing capacity of our miners Info

A hash rate represents the amount of times per second that miners — specialized computers — perform network operations. As a large – scale participant in the global, decentralized network of miners, Bit Digital contributes to the crucial function of verifying transactions on the bitcoin network, and earns bitcoin rewards for doing so. EH/s stands for one quadrillion hashes per second.

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