Bit Digital, Inc. Announces Finalized AI Customer Contract Terms and Datacenter Location

Bit Digital, Inc. a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City, is pleased to announce that it has finalized its service agreement with its first customer of its new business line, Bit Digital AI.

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Under the terms of the agreement, Bit Digital will supply the customer with computational power from 1,504 GPUs for a period of three years. The contract will commence January 2024 and represents more than $35 million of annualized revenue to Bit Digital. To fulfill the contract, the Company has placed a purchase order for servers manufactured by with Super Micro Computer, Inc., an authorized Nvidia OEM, that are equipped with 1,504 Nvidia HGX H100 GPUs along with related equipment, which are expected to be delivered to the Company by January 2024.

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The Company will deploy its initial fleet of 1,504 GPUs at a data center located in northern Iceland in an area unaffected, to date, by any earthquake or tremors. Bit Digital has finalized an agreement to secure 2.5 MW of data center capacity for a contract term of 3 years.

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