Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 222

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 222
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 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 September 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 September 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. In accordance
with the agreements, we paid a refundable advance of $1.3 million, which will be applied against monthly hosting charges over an 18-month
period.

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 September 30, 2025, KaboomRacks provided approximately 16.8 MW of capacity for our miners at their facility. On November 12, 2025,
we received communication regarding a change in the