Business
Bit Digital increases the scope of its contract for Bit Digital AI (NASDAQ:BTBT)
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- Bit Digital (NASDAQ:BTBT) said it has upped the scope of its contract with its first customer of its Bit Digital AI business line.
- Under the terms of the agreement, the company will supply the customer with computational power from an additional 512 GPUs for a period of three years.
- The total contract value is now worth more than $50 million of annualized revenue to BTBT.
- The company has also executed a sale-leaseback deal with a third party, under which BTBT will sell the third party 96 AI servers, and lease them for a period of three years.
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