Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 138

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 138
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 cost-effective utility and tailor-made solutions for each client.
We are an authorized Network Control Processor (“NCP”) with NVIDIA, an authorized partner with SuperMicro Computer Inc.,
an authorized Communications Service Provider (“CSP”) with Dell, and an official partnership with Hewlett Packard Enterprise.
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 drive
attractive returns. The implied per unit capex for high performance GPUs currently ranges from approximately $30,000 for an NVIDIA H200
to approximately $50,000 for an NVIDIA B200 (Blackwell generation) GPU, inclusive of networking, setup, shipping, and other expenses.
We anticipate capex will be financed by a combination of debt and equity. We expect contract duration with our cloud services customers,
comprised of established enterprises and well-funded AI startups, to be approximately 36 months, with an initial cost per card hour of
$2.15 to $3.40, with a 15% annual per hour decline rated, translating to estimated annual revenue of between $18,000 and $30,000, assuming
an 85% utilization rate. We anticipate a profit margin of approximately 78% driven by high utilization rates, stable energy costs, and
economies of scale in procurement and infrastructure management.

We are actively engaged in research and development
efforts to enhance our cloud services capabilities for our customers. 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