Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 168

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 168
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 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.

45

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 and August 2025, the Company
signed four additional agreements on a month-to-month basis for a total of 64 H200 GPUs.

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, an AI Compute Fund managed by DNA Holdings Venture Inc. (“DNA Fund”). The purchase order
                                                                                              provides for services utilizing a total of 576 H200 GPUs over a twenty-five month period and termin