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

NEW YORK, Aug. 19, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that it has signed a binding term sheet with Boosteroid Inc. ("Boosteroid"), a new customer for its high-performance computing ("HPC") business.Key HighlightsInitial Agreement: Upon signing a master service agreement ("MSA"), Boosteroid will place an initial purchase fo ...