Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 212

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 212
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 5,000 servers that Boosteroid leases during the term of the MSA. The MSA provides Boosteroid with the option to expand
in increments of 100 servers, up to 50,000 servers, representing a potential contract value of approximately $700 million over the five-year
term assuming Boosteroid utilizes the GPUs and services at full capacity for the duration of the contract. Expansion depends upon the
internal development roadmap of Boosteroid, Boosteroid has full discretion to decide when and the quantity to pursue separate source
orders (for GPU servers) under the MSA. In the third quarter of 2025, the Company finalized additional purchase orders for 302, 120,
and 279 GPUs, totaling approximately $10.4 million in contracted value over a five-year term.

47

On
November 6, 2024, we entered into a Master Services Agreement (“MSA”) with a minimum purchase commitment of 16 GPUs, along
with an associated purchase order, from a new customer. The purchase order provides for services utilizing a total of 16 H200 GPUs over
a minimum of a six month period, representing total contracted value of approximately $160,000 for the term. The deployment commenced
on November 7, 2024, using the Company’s existing inventory of H200 GPUs. The service under the purchase order concluded in May
2025. Between May 2025 and September 2025, the Company signed six additional agreements on a month-to-month basis for a total of 88 H200
GPUs, of which 80 remained in deployment as of the date of this report.

On
November 14, 2024, we entered into a Terms of Supply and Service Level Agreement (together, the “Agreement”) and an Order
Form with a new customer. The order form provides for services utilizing a total of 64 H200 GPUs on a month-to-month basis, which either
party may terminate upon at least 14 days’ written notice prior to any renewal date. It represents annual revenue of approximately
$1.2 million. The deployment commenced and revenue generation began on November 15, 2024, using the Company’s existing inventory
of H200 GPUs. The service under the purchase order concluded in December 2024.

On
December 30, 2024, we entered into a Master Services Agreement (“MSA”) with a minimum purchase commitment of 32 GPUs, along
with an associated purchase order, from a new customer