BTC Miner Bit Digital (NASDAQ) has announced a new data center in Montreal, Canada, which hosts AI infrastructure.
Bit Digital has acquired a 160,000 square -foot site for $ 23.3 million, which was previously used as a encapsulation manufacturing facility. In the press release, we plan to develop a 5 -megawattier 3 data center equipped with the latest cooling technology, including direct liquid cooling, to improve efficiency.
The site is fully equipped with hydro-kebec hydroelectric power generation, one of the world’s largest hydropower producers. Bit Digital will be completed by May this year.
CEO’s SAM TABAR explained this acquisition as “an important advancement in the data center growth plan.” By the end of the year, the company aims to make a 32MW high -performance computing (HPC) data center of 288MW in total overall.
“By utilizing existing infrastructure containing an advanced HVAC device that is more than $ 750,000 in purchase, it can reduce development costs and accelerate the time to the market. Development timeline is the development timeline. TABAR has added TABAR, which is consistent with the demands of new customers who intend to fill their abilities in the new generation NVIDIA GPU.
Bit Digital challenges the HPC data center and has acquired ENOVUM DATA CENTERS for $ 46 million in October.
Another announcement revealed that the company has signed a contract with AI Compute FUND, a division of DNA Holdings, to provide more than $ 20 million NVIDIA H200 GPU (NASDAQ). 。 Bit Digital will provide GPUs in transactions that will be executed for the next two years from February.
“This strategic collaboration emphasizes our commitment to provide high -performance computing solutions in line with clients’ evolving needs,” said Tabar.
“This contract is a meaningful step to achieve long -term growth goals. We expect that the annual revenue continuation of HPC business will reach $ 100 million in early 2025, but this timeline is, this timeline is. It reflects the intentional strategy to prioritize high -quality profit opportunities and disciplined capital management.
Bit Digital, which operates the BTC mining business in the United States, Iceland, and Canada, is one of many BTC mining workers who pivot AI. In the latter half of 2023, Bit Digital AI, a dedicated AI section that started its operation in January 2024, was launched in January 2024. The AI business created about $ 5 million every month in the latter half of last year.
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