Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 214

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 214
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 a new customer. The purchase orders provide for services utilizing a total of 40 H200 GPUs over
a minimum of 12 month period, representing total revenue of approximately $750,000 for the term. The deployment commenced and revenue
generation began on January 24, 2025, using the Company’s existing inventory of H200 GPUs. In October 2025, the purchase order
was amended to reduce the number of H200 GPUs from 40 to 8 and to extend the term of service through May 2027. Between April and July
2025, the Company signed four additional agreements on a month-to-month basis for a total of 184 H200 GPUs which were terminated in August
2025.

48

In
March 2025, we entered a strategic partnership with Shadeform, Inc., the premier multi-cloud GPU marketplaces, to bring on-demand NVIDIA
B200 GPUs to customers beginning in May 2025.

In
August and September 2025, we entered into three service orders with a new customer. Each order form provides for services utilizing
a total of 64 B200 GPUs on a weekly basis, which either party may terminate by not extending it with mutual written agreement. In September,
the customer renewed one order form for an additional week for services utilizing a total of 64 B200 GPUs. As of the reporting date,
no additional renewals have occurred.

In
September 2025, we entered into a service order with a new customer, which provides services utilizing a total of 16 B200 GPUs on a monthly
basis, automatically renewing for an additional one month period unless and until otherwise terminated upon at least seven days’
prior written notice. The deployment commenced and revenue generation began on September 23, 2025.

In
October 2025, we entered into a service order with a new customer to provide services utilizing a total of 48 H200 GPUs. The service
order has an initial term of 36 months representing total contracted value of approximately $2.2 million, after which it automatically
renews for successive one-month periods unless terminated by either party. The deployment commenced and revenue generation began on October
21, 2025.

In
November 2025, we entered into a service order with a new customer to provide services utilizing a total of 128 B200 GPUs. The service
order has an initial term of 12 months, representing total contracted value of approximately $3.0 million, after which it automatically
re