Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 104

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 104
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 capacity from March 1, 2025 through
April 30, 2025 and 5 MW of computational capacity starting May 1, 2025 through December 31, 2025. The Company will pay power costs of
$0.067 per kilowatt hour and a pod fee of $10,000 per pod per month, subject to pro rata adjustment if usage falls below 2 MW. All other
provisions of the original agreement and previous appendices remain in effect. The amended terms may be modified by mutual agreement,
and either party may terminate with one month’s notice. As of September 30, 2025, GreenBlocks provided approximately 9.1 MW of
capacity for our miners at their facility.

In
October 2023, we entered into a strategic co-location agreement with Soluna Computing, Inc. for a term of one year automatically renewing
on a month-to-month basis unless terminated by either party. Pursuant to the terms of the agreement, Soluna provided certain required
mining colocation services at their hosting facility in Murray, Kentucky to the Company for the purpose of the operation and storage
of up to 4.4 MW bitcoin mining system to be delivered by Bit Digital. Soluna was also entitled to 42.5% of the net profit generated by
the miners. This agreement expired at the end of October 2024.

In
October 2024, we entered into a co-location agreement with Soluna SW, Inc. to continue our business relationship. Under this agreement,
Soluna provides certain required mining colocation services to the Company at their hosting facility in Murray, Kentucky for the purpose
of the operation and storage of bitcoin mining system to be delivered by the Company up to 6.6 MW (3.3 MW for terms of nine months and
3.3 MW for terms of one (1) year), automatically renewing on a month-to-month basis unless terminated by either party. Soluna shall also
be entitled to 35% of the net profit generated by the miners.

In
December 2024, we entered into two additional co-location agreements with Soluna DVSL ComputerCo, LLC. pursuant to which Soluna agreed
to provide the Company with up to 11 MW (5.5 MW and 5.5 MW, respectively) at their hosting facility in Silverton, Texas. Both agreements
are for one (1) year automatically renewing on a month-to-month basis unless