Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 134

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 134
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 approximately $30 million. The deployment commenced in February 2025.

In April 2025, the Company signed two additional cloud services agreements
with DNA Fund. The first agreement, commencing in early May, includes 104 NVIDIA H200 GPUs under a 23-month term. The second, commencing
mid-May, includes 512 H200 GPUs under a 24-month term. With these additions, DNA Fund’s total contracted deployment increased to
1,192 GPUs. Combined, the agreements represent approximately $20.8 million of annualized revenue.

On January 6, 2025, 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.
The purchase order provides for services utilizing a total of 32 H200 GPUs over a minimum of six (6) month period, representing total
revenue of approximately $300,000 for the term. The deployment commenced and revenue generation began on January 8, 2025, using the Company’s
existing inventory of H200 GPUs.

In January 2025, we entered into a Master Services
Agreement (“MSA”), along with two associated purchase orders, from a new customer. The purchase orders provide for services
utilizing a total of 24 H200 GPUs over a minimum twelve (12) month period, representing total revenue of approximately $450,000 for the
term. The deployment commenced and revenue generation began on January 27, 2025, using the Company’s existing inventory of H200
GPUs.

On January 30, 2025, we entered into a Master
Services Agreement (“MSA”) with a minimum purchase commitment of 40 GPUs, along with an associated purchase order, from a
new customer. The purchase orders provide for services utilizing a total of 40 H200 GPUs over a minimum of twelve (12) month period, representing
total revenue of approximately $750,000 for the term. The deployment commenced and revenue generation began on January 24, 2025, using
the Company’s existing inventory of H200 GPUs.

In March 2025, we entered a strategic partnership
with Shadeform, Inc. the premier multi-cloud GPU marketplaces to bring on-demand NVIDIA B200 GPUs to customers beginning in April 2025.

In April 2025, we received our first shipment
of NVIDIA GB200 Grace Blackwell Superchip powered NVIDIA GB200 NVL72 system chips,