Bit Digital, Inc. Announces Binding Term Sheet with New HPC Customer Representing a More Than $700 Million Revenue Opportunity Over Five-Year Term

Core Viewpoint - Bit Digital, Inc. has signed a binding term sheet with Boosteroid Inc. to provide high-performance computing services, marking a significant expansion in its HPC business and potential revenue growth over the next five years [1][2]. Group 1: Agreement Details - Bit Digital will enter into a master service agreement (MSA) with Boosteroid, which is contingent upon further diligence and approvals [2]. - The initial order from Boosteroid is expected to generate approximately $13 million in revenue over five years, averaging about $2.6 million per year [2]. - Bit Digital will offer Boosteroid the option to increase their order up to 50,000 GPU servers, potentially leading to over $700 million in total revenue, depending on deployment plans and market conditions [2]. Group 2: Technology and Deployment - The initial purchase includes GPU servers utilizing AMD EPYC 4th Gen CPUs and RX7900XT GPUs, customized by ASUSTeK Computer Inc. and AMD for Boosteroid [2]. - Deployment is planned across more than 10 data centers in the U.S. and Europe, with the initial deployment set to begin within two to three months [2]. Group 3: Company Insights - Bit Digital aims to provide mission-critical computing solutions to Boosteroid, supporting their growth in the cloud gaming market [3]. - Boosteroid is the third-largest cloud gaming provider globally, serving over 5.7 million users and partnering with major brands like Google and Microsoft [4].