Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 177

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 177
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 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 terminated by either party on at least 60 days prior written notice. Soluna shall also be entitled to
35% and 27.5%, respectively, of the net profit generated by the miners. These new agreements bring the Company’s total contracted
hosting capacity with Soluna to approximately 17.6 MW. As of June 30, 2025, Soluna provided approximately 15.8 MW of capacity for our
miners at their facility.

In November 2023, we entered into a hosting services
agreement, which was amended on March 7, 2024, with Dory Creek, LLC, a subsidiary of Bitdeer Technologies Group (“Bitdeer”),
for a term of one year automatically renewing on an annual basis unless terminated by either party by giving a 30-day prior notice to
the other Party in writing. Pursuant to the terms of the agreement, Bitdeer provides maintenance and operation services to the Company
to support 17.5 MW of capacity. Bitdeer shall also be entitled to 30% of the net profit generated by the miners. the Company shall have
the first right, but not obligation, to accept services for any extra capacity under the terms of this Agreement. As of June 30, 2025,
Bitdeer provided approximately 15.5 MW of capacity for our miners at their facility.

In February 2025, we entered into two hosting
services agreements with A.R.T. Digital Holdings Corp (“KaboomRacks”) for terms of nine (9) months and three years automatically
renewing on an annual basis unless terminated by either party.