Bit Digital, Inc. Secures New Multi-Year Colocation Agreement with a Leader in AI Hardware
Bit Digital (NASDAQ: BTBT) has announced a new five-year colocation agreement with a leading AI hardware innovator. The contract, to be executed through Bit Digital's rebranded HPC business WhiteFiber and its data center platform Enovum, involves providing 5 MW (IT load) of built-to-suit data center infrastructure.
The agreement will be fulfilled at a data center within Enovum's proprietary development pipeline, with the specific location to be announced later. The contract is expected to commence in mid-2025, marking a significant step in Bit Digital's expansion into AI infrastructure services.
Bit Digital (NASDAQ: BTBT) ha annunciato un nuovo accordo di collocazione di cinque anni con un innovatore leader nel settore dell'hardware AI. Il contratto, che sarà attuato attraverso il business HPC riposizionato di Bit Digital, WhiteFiber, e la sua piattaforma di data center Enovum, prevede la fornitura di 5 MW (carico IT) di infrastruttura per data center su misura.
L'accordo verrà realizzato in un data center all'interno del pipeline di sviluppo proprietario di Enovum, con la specifica località che sarà annunciata in seguito. Si prevede che il contratto inizi a metà del 2025, segnando un passo significativo nell'espansione di Bit Digital nei servizi di infrastruttura AI.
Bit Digital (NASDAQ: BTBT) ha anunciado un nuevo acuerdo de colocalización de cinco años con un innovador líder en hardware de IA. El contrato, que se llevará a cabo a través del negocio HPC renombrado de Bit Digital, WhiteFiber, y su plataforma de centros de datos Enovum, implica proporcionar 5 MW (carga de TI) de infraestructura de centro de datos a medida.
El acuerdo se llevará a cabo en un centro de datos dentro de la pipeline de desarrollo propietaria de Enovum, con la ubicación específica que se anunciará más adelante. Se espera que el contrato comience a mediados de 2025, marcando un paso significativo en la expansión de Bit Digital en los servicios de infraestructura de IA.
Bit Digital (NASDAQ: BTBT)는 주요 AI 하드웨어 혁신 업체와 5년간의 새로운 공동 배치 협약을 발표했습니다. 이 계약은 Bit Digital의 리브랜딩된 HPC 사업체인 WhiteFiber와 데이터 센터 플랫폼 Enovum을 통해 실행되며, 맞춤형 데이터 센터 인프라 5 MW(IT 부하)를 제공하는 내용을 포함합니다.
본 계약은 Enovum의 독점 개발 파이프라인 내의 데이터 센터에서 이행될 예정이며, 구체적인 위치는 추후에 발표될 예정입니다. 이 계약은 2025년 중반에 시작될 것으로 예상되며, Bit Digital의 AI 인프라 서비스 확장에서 중요한 단계로 기록될 것입니다.
Bit Digital (NASDAQ: BTBT) a annoncé un nouvel accord de colocation de cinq ans avec un innovateur majeur en matière de matériel d'IA. Le contrat, qui sera exécuté par le biais de l'activité HPC rebranding de Bit Digital, WhiteFiber, et de sa plateforme de centre de données Enovum, implique la fourniture de 5 MW (charge informatique) d'infrastructure de centre de données sur mesure.
L'accord sera réalisé dans un centre de données au sein du pipeline de développement propriétaire d'Enovum, avec un emplacement spécifique qui sera annoncé plus tard. Le contrat devrait commencer à mi-2025, marquant un pas significatif dans l'expansion de Bit Digital dans les services d'infrastructure de l'IA.
Bit Digital (NASDAQ: BTBT) hat eine neue fünfjährige Co-Location-Vereinbarung mit einem führenden Innovator im Bereich KI-Hardware angekündigt. Der Vertrag, der über das neu benannte HPC-Geschäft von Bit Digital, WhiteFiber, und die Datenzentrum-Plattform Enovum ausgeführt wird, umfasst die Bereitstellung von 5 MW (IT-Last) maßgeschneiderter Datenzentrum-Infrastruktur.
Die Vereinbarung wird in einem Datenzentrum innerhalb der proprietären Entwicklungspipeline von Enovum erfüllt, wobei der spezifische Standort später bekanntgegeben wird. Der Vertrag soll Mitte 2025 beginnen und stellt einen signifikanten Schritt in Bits Digitals Expansion in Dienstleistungen der KI-Infrastruktur dar.
- Secured 5-year colocation contract for 5 MW IT load capacity
- Expansion into AI infrastructure services market
- Diversification of revenue streams beyond crypto mining
- Location uncertainty for the data center implementation
- Contract commencement delayed until mid-2025
Insights
This strategic agreement marks a pivotal transformation for Bit Digital, signaling a sophisticated diversification beyond its core crypto mining operations into the high-growth AI infrastructure sector. The secured 5MW colocation contract represents approximately 43,800 MWh of annual power consumption, which at current data center rates could generate estimated annual revenues between
The five-year commitment is particularly noteworthy as it provides predictable cash flows and reduces exposure to cryptocurrency market volatility. This move aligns with the industry trend of crypto mining companies leveraging their infrastructure expertise to tap into the burgeoning AI computing market, which is projected to require over 2,000 MW of data center capacity by 2025.
The rebranding to WhiteFiber and establishment of Enovum Data Centers demonstrates a well-planned strategic pivot. By securing a contract with a leading AI hardware innovator, Bit Digital gains credibility in the high-performance computing space and positions itself for potential follow-on contracts. The built-to-suit nature of the agreement suggests premium pricing potential and long-term client stickiness.
This diversification strategy could significantly improve Bit Digital's risk profile and valuation metrics, as data center infrastructure companies typically command higher multiples compared to crypto mining operations. The mid-2025 commencement timeline allows for careful infrastructure development while providing near-term revenue visibility.
Sam Tabar, CEO of Bit Digital, commented: "Bit Digital is thrilled to partner with a company at the forefront of AI innovation in
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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SOURCE Bit Digital, Inc.
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