Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 12

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 12
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 Inc. (“QCT”). Based on management’s knowledge of the industry, we are proud to be among the first service
providers to offer H200, B200, and GB200 servers. We provide a high-standard service level with an Uptime Percentage* ≥ 99.5%.

The economics of our cloud services business have
historically driven attractive returns. The implied per unit capex for high performance GPUs currently ranges from approximately $41,000
for an NVIDIA H200 to approximately $50,000 for an NVIDIA B200 (Blackwell generation) GPU.

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We are actively engaged in research and development
efforts to enhance our cloud services capabilities for our customers which are expected to be implemented in the third quarter of 2025.
For example, we are developing integrated software to automate layering of stacks and self-service portals on top of the cross-data center
fabric, allowing our customers to access GPU or CPU nodes on demand—no matter where they physically reside. This provides significant
flexibility as scaling is required to accelerate development of AI applications. In addition, we are working on advanced interconnect
technologies like InfiniBand (IB) or RDMA over Converged Ethernet (“RoCE”). When combined with cross-data center links, these
ensure that training jobs can be distributed without bottlenecks or high latency. By emphasizing scale, performance, and reliability,
we believe that we will be positioned to maximize customer retention while pricing our services at a premium to those offered by our competitors.

We leverage a global network of data center resources by partnering
with eight third-party data center providers to achieve high autonomy in locations across Europe, Canada, and the U.S. Our initial HPC
data center partnership through which we lease capacity is at BlöndUos Campus, Iceland, offering a world-class operations team with
certified technicians and reliable engineers. The facility has 45kW rack density and 6MW (gross) total capacity. Its energy source is
100% renewable energy, mainly from Blanda Hydro PowerStation, the winner of IHA Blue Planet Awards in 2017. On October 23, 2023, Bit Digital
announced that we had commenced AI operations by signing a binding term sheet with a customer (the “Initial Customer”) to
support their GPU workloads. In January 2025, we executed a new agreement with this client to provide 464 B200 GPUs for an 18-month term
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