Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 90

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 90
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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. Pursuant to the terms of the agreements, KaboomRacks provides maintenance
and operation services to Bit Digital to support 6 MW and 13 MW of capacity. On July 1, 2025, we entered into the first amendment to the
hosting service agreement for 13 MW of capacity. The amendment modified the existing agreement, identifying the two facilities that will
provide maintenance and operations service to Bit Digital to support 5 MW and 8 MW of capacity. KaboomRacks shall also be entitled to
respective 40%, 14.75% and 22.5% of the net profit generated by the miners. As of June 30, 2025, KaboomRacks provided approximately 4.5
MW of capacity for our miners at their facility.