Bit Digital, Inc. Secures New B200 GPU Contract with Key Customer
Bit Digital (NASDAQ: BTBT) has secured a new agreement to provide 464 Nvidia B200 GPUs to a key customer, replacing a previous agreement for 2,048 H100 GPUs. The contract, valued at approximately $15 million in annualized revenue, involves deploying 58 Nvidia B200 servers in Iceland for an eighteen-month period starting June 30th, 2025.
The agreement includes a two-month prepayment provision, with the customer able to deduct service fees from a previously paid $30 million non-refundable deposit. Bit Digital has ordered the servers for approximately $21 million, planning to finance the purchase with cash and customer deposits while maintaining full ownership of the hardware. The company notes this contract offers improved margins compared to the original plan and continues to explore additional GPU contracts with this customer for 2025.
Bit Digital (NASDAQ: BTBT) ha firmato un nuovo accordo per fornire 464 GPU Nvidia B200 a un cliente chiave, sostituendo un accordo precedente per 2.048 GPU H100. Il contratto, del valore di circa $15 milioni di fatturato annuale, prevede il dispiegamento di 58 server Nvidia B200 in Islanda per un periodo di diciotto mesi a partire dal 30 giugno 2025.
L'accordo include una clausola di prepagamento di due mesi, con il cliente che può detrarre le spese di servizio da un deposito non rimborsabile di $30 milioni già versato. Bit Digital ha ordinato i server per circa $21 milioni, pianificando di finanziare l'acquisto con liquidità e depositi dei clienti, mantenendo nel contempo la piena proprietà dell'hardware. L'azienda osserva che questo contratto offre margini migliorati rispetto al piano originale e continua a esplorare ulteriori contratti GPU con questo cliente per il 2025.
Bit Digital (NASDAQ: BTBT) ha conseguido un nuevo acuerdo para proporcionar 464 GPU Nvidia B200 a un cliente clave, reemplazando un acuerdo anterior por 2.048 GPU H100. El contrato, valorado en aproximadamente $15 millones en ingresos anuales, implica la implementación de 58 servidores Nvidia B200 en Islandia durante un período de dieciocho meses a partir del 30 de junio de 2025.
El acuerdo incluye una disposición de prepago de dos meses, con el cliente pudiendo deducir los honorarios de servicio de un depósito no reembolsable de $30 millones ya pagado. Bit Digital ha ordenado los servidores por aproximadamente $21 millones, planeando financiar la compra con efectivo y depósitos de clientes mientras mantiene la propiedad total del hardware. La compañía señala que este contrato ofrece márgenes mejorados en comparación con el plan original y continúa explorando contratos adicionales de GPU con este cliente para 2025.
비트 디지털 (NASDAQ: BTBT)는 주요 고객에게 464개의 Nvidia B200 GPU를 제공하기 위한 새로운 계약을 체결하였으며, 이는 이전의 2,048 H100 GPU 계약을 대체하는 것입니다. 이 계약의 가치는 약 연간 수익 1,500만 달러로 평가되며, 2025년 6월 30일부터 시작되는 18개월 동안 아이슬란드에 58개의 Nvidia B200 서버를 배치하는 내용을 포함합니다.
계약에는 두 달간의 선불 조항이 포함되어 있으며, 고객은 이전에 지불한 3천만 달러의 환불 불가 계약금2,100만 달러에 주문했으며, 현금과 고객 예금을 통해 구매를 금융 지원할 계획이며 하드웨어에 대한 완전한 소유권을 유지합니다. 이 회사는 이번 계약이 원래 계획에 비해 개선된 마진을 제공한다고 언급하며, 2025년을 위해 이 고객과 추가 GPU 계약을 계속 탐색하고 있습니다.
Bit Digital (NASDAQ: BTBT) a sécurisé un nouvel accord pour fournir 464 GPU Nvidia B200 à un client clé, remplaçant un accord précédent de 2.048 GPU H100. Le contrat, d'une valeur d'environ 15 millions de dollars de revenus annuels, implique le déploiement de 58 serveurs Nvidia B200 en Islande pendant une période de dix-huit mois à partir du 30 juin 2025.
L'accord comprend une clause de prépaiement de deux mois, permettant au client de déduire les frais de service d'un dépôt non remboursable de 30 millions de dollars déjà versé. Bit Digital a commandé les serveurs pour environ 21 millions de dollars, prévoyant de financer l'achat avec de la liquidité et les dépôts des clients tout en maintenant la pleine propriété du matériel. La société note que ce contrat offre des marges améliorées par rapport au plan original et continue d'explorer des contrats supplémentaires de GPU avec ce client pour 2025.
Bit Digital (NASDAQ: BTBT) hat eine neue Vereinbarung zur Lieferung von 464 Nvidia B200 GPUs an einen wichtigen Kunden gesichert, wodurch ein vorheriger Vertrag über 2.048 H100 GPUs ersetzt wird. Der Vertrag, der auf etwa 15 Millionen Dollar jährlichen Umsatz geschätzt wird, umfasst die Bereitstellung von 58 Nvidia B200 Servern in Island für einen Zeitraum von achtzehn Monaten ab dem 30. Juni 2025.
Die Vereinbarung umfasst eine Vorauszahlungsregelung von zwei Monaten, wobei der Kunde die Servicegebühren von einer zuvor geleisteten nicht rückzahlbaren Anzahlung von 30 Millionen Dollar abziehen kann. Bit Digital hat die Server für etwa 21 Millionen Dollar bestellt und plant, den Kauf mit Bargeld und Kundeneinlagen zu finanzieren, während das Unternehmen die volle Eigentümerschaft der Hardware behält. Das Unternehmen weist darauf hin, dass dieser Vertrag verbesserte Margen im Vergleich zum ursprünglichen Plan bietet und weiterhin zusätzliche GPU-Verträge mit diesem Kunden für 2025 erkundet.
- Secured $15 million annualized revenue contract
- Improved profit margins compared to original plan
- Customer provided two-month prepayment
- Company retains full ownership of hardware assets
- Reduction in scale from original 2,048 H100 GPUs to 464 B200 GPUs
- $21 million capital expenditure required for hardware purchase
Insights
This strategic contract marks a notable evolution in Bit Digital's business model, demonstrating a sophisticated approach to high-performance computing infrastructure. The
The financial structure is particularly compelling: The customer's two-month prepayment combined with the ability to deduct fees from an existing
The decision to deploy in Iceland is strategically sound for three reasons:
- Iceland's renewable energy infrastructure provides cost-effective, sustainable power
- The natural cooling climate reduces operational costs
- The location offers excellent connectivity to both European and North American markets
The replacement of the original 2,048 H100 GPU agreement with 464 B200 GPUs is particularly noteworthy. While representing fewer units, the CEO's comment about 'significantly improved margins' suggests this configuration may actually deliver superior financial performance. This optimization reflects astute management of capital efficiency and resource allocation.
The
Under the terms of the agreement, Bit Digital will provide the customer with 58 Nvidia B200 servers (464 GPUs) for a period of eighteen months. The contract represents approximately
Sam Tabar, CEO of Bit Digital, commented: "We are pleased to have reached this agreement with a key customer. This contract delivers significantly improved margins compared to the original plan, which included a sale-leaseback agreement for a portion of the deployment. We look forward to exploring additional new business with this customer for 2025 while remaining focused on execution."
About Bit Digital
Bit Digital, Inc. is a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in
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Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 3.D of our Annual Report on Form 20-F for the fiscal year ended December 31, 2023 ("Annual Report"). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: "We may be subject to fines and penalties for any noncompliance with or any liabilities in our former business in
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SOURCE Bit Digital, Inc.
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