Core Insights - Bit Digital, Inc. has secured a colocation contract with a leading AI hardware innovator through its rebranded HPC business, WhiteFiber, Inc. [1] - The contract involves providing 5 MW of built-to-suit data center infrastructure for five years, with the commencement expected in mid-2025 [1][2] - The data center will be located within Enovum's proprietary development pipeline, with the specific location to be announced later [1] Company Overview - Bit Digital, Inc. operates as a global platform for high-performance computing infrastructure and digital asset production, headquartered in New York City [3] - The company's HPC business operates under the WhiteFiber brand, with operations in the US, Canada, and Iceland [3]

Core Insights - Bit Digital, Inc. reported its unaudited digital asset production and HPC services revenue for January 2025, highlighting a total HPC revenue of approximately $4.9 million and a decrease in Bitcoin production and active hash rate compared to the previous month [1][5]. Corporate Highlights - The company transitioned to domestic issuer status under U.S. securities regulations as of January 1, 2025 [6]. - A fireside chat with H.C. Wainwright is scheduled for February 12, 2025 [7]. Digital Assets Highlights - As of January 31, 2025, the company held 768.7 BTC and 27,689.6 ETH, with a fair market value of approximately $78.7 million and $91.3 million respectively [5]. - The BTC equivalent of the company's digital asset holdings was approximately 1,663.0 BTC, valued at around $170.3 million [5]. - The company had approximately 21,568 ETH actively staked, earning a blended APY of approximately 3.6% and aggregate staking rewards of approximately 65.8 ETH during January 2025 [11]. HPC Services Revenue Highlights - The company's HPC data center colocation revenue was approximately CAD $757.8k (about USD $522.9k) in January 2025 [5]. - Bit Digital earned approximately $4.4 million in total unaudited GPU Cloud revenue during January 2025 [5]. - The company had 268 servers (2,144 GPUs) generating revenue from its Bit Digital AI contracts as of January 31, 2025 [5]. GPU Cloud Highlights - On January 22, 2025, Bit Digital entered a new agreement to provide a key customer with 464 Nvidia B200 GPUs, representing approximately $15 million of annualized revenue [5]. - The new agreement replaces a prior contract for 2,048 H100 GPUs, and includes a two-month prepayment from the customer [5]. Production Metrics - In January 2025, the company produced 28.7 BTC, an 11.4% decrease from the previous month, attributed to changes in the hosting portfolio and the retirement of older generation miners [5]. - The active hash rate was approximately 1.6 EH/s, reflecting an 11.1% decrease compared to the prior month [5]. - 191 Bitmain Antminer S21 mining units were delivered to a new hosting site in January 2025 [5].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Bit Digital, Inc. has rebranded its HPC business as WhiteFiber, which includes its GPU Cloud and HPC data center operations, signaling a focus on high-performance computing solutions for AI workloads [1][2]. Group 1: Rebranding and Business Focus - The rebranding to WhiteFiber aims to establish a distinct identity for the company's HPC business, emphasizing the integration of advanced technology and connectivity [2]. - WhiteFiber is designed to support demanding AI workloads with high performance, reliability, and efficiency, addressing the growing demand for data centers and HPC infrastructure [2]. - The WhiteFiber business has expanded its customer base significantly, servicing over 20 customers compared to just 1 at the beginning of 2024 [2]. Group 2: Company Overview - Bit Digital, Inc. operates as a global platform for high-performance computing infrastructure and digital asset production, with locations in the US, Canada, and Iceland [3].

Group 1 - The article discusses the recent decline in tech stocks, particularly highlighting the impact of China's DeepSeek on the AI trade, which has raised concerns among investors [2] - The market showed a bifurcation where much of the US market was higher despite the bloodbath in tech stocks, indicating a complex market environment [2] - The focus of the investing group Timely Trader is on limiting risk while maximizing potential rewards through various features such as real-time alerts and sector analysis [2][3] Group 2 - Josh Arnold, a seasoned analyst with a decade of experience, emphasizes the importance of both technical and fundamental analysis in identifying growth stocks early in their cycles [3] - The goal of the investment strategy discussed is to ensure efficient and profitable use of capital, contrasting with rigid buy-and-hold strategies [3]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Bit Digital, Inc. has announced a new agreement to provide 464 Nvidia B200 GPUs to a key customer, marking an expansion of its GPU Cloud business and replacing a previous agreement for 2,048 H100 GPUs [1][2]. Group 1: Agreement Details - The new contract involves providing 58 Nvidia B200 servers (464 GPUs) over an eighteen-month period, generating approximately $15 million in annualized revenue for the company [2]. - The agreement includes a two-month prepayment from the customer, who can deduct 100% of service fees from a previously paid non-refundable deposit of $30 million [2]. - The contract is set to commence on June 30, 2025, with the GPUs to be deployed in Iceland [2]. Group 2: Financial Implications - To fulfill the contract, Bit Digital has ordered 58 Nvidia B200 servers for around $21 million, which are expected to be delivered ahead of the service start date [2]. - The company plans to finance the server purchase using cash and customer deposits while retaining full ownership of the servers [2]. Group 3: Management Commentary - Sam Tabar, CEO of Bit Digital, expressed satisfaction with the agreement, highlighting improved margins compared to the original plan that included a sale-leaseback agreement [3]. - The company aims to explore additional business opportunities with the customer in 2025 while focusing on execution [3].

The latest trading session saw Bit Digital, Inc. (BTBT) ending at $3.70, denoting a +0.54% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.88%. At the same time, the Dow added 1.24%, and the tech-heavy Nasdaq gained 0.65%.The company's stock has climbed by 15.72% in the past month, exceeding the Business Services sector's gain of 0.03% and the S&P 500's gain of 1.17%.Market participants will be closely following the financial results of Bit Digital, Inc. in its upcoming ...

Corporate Highlights - Bit Digital, Inc. reported its unaudited digital asset production and HPC services revenue for December 2024 [1] - The company had 266 servers (2,128 GPUs) generating revenue from Bit Digital AI contracts as of December 31, 2024 [6] - Total liquidity was approximately $260.4 million, including cash and cash equivalents of $98.6 million [6] GPU Cloud Highlights - A Master Service Agreement was signed with an AI Compute Fund for services utilizing 576 H200 GPUs over 25 months, representing a revenue opportunity of approximately $20.2 million [4] - The company earned approximately $4.5 million in GPU Cloud revenue during December 2024 [6] Digital Assets Highlights - The company produced 32.4 BTC in December 2024, a 27.8% decrease from the previous month [7] - Active hash rate was approximately 1.8 EH/s, a 28% decrease compared to the prior month [7] - Treasury holdings included 742.1 BTC and 27,623.9 ETH, with fair market values of approximately $69.3 million and $92.1 million, respectively [6] Mining Operations - The company purchased 941 S21 mining units for approximately $3.2 million and sold 4,506 S19 mining units for approximately $836.6k in December 2024 [11] - Approximately 21,568 ETH were actively staked, earning a blended APY of approximately 3.3% [11]