Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 169

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 169
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able by either party upon at
                                                                                              least 90 days’ written notice prior to any renewal date. It represents an aggregate revenue opportunity of approximately $20.2
                                                                                              million. Concurrently, we placed a purchase order for 130 H200 servers for 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 includes 104 NVIDIA H200 GPUs under a 23-month term and was deployed in May
2025. The second agreement includes 512 H200 GPUs under a 24-month term and was deployed in July 2025. 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 provided for services utilizing a total of 32 H200 GPUs over a minimum of six 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. The service under the purchase order concluded in April 2025 following a change in the customer’s
ownership, and the customer paid the remaining contract value as an early termination penalty.

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. The service under the purchase order concluded in March 2025 after the customer ceased operations.

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 12 month period, representing
total revenue of approximately