Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 140

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 140
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 term. The deployment commenced and revenue generation began on November
7, 2024, using the Company’s existing inventory of H200 GPUs.

On November 14, 2024, the
Company entered into a Terms of Supply and Service Level Agreement (together, the “Agreement”) and an Order Form with a new
customer. The order form provides for services utilizing a total of 64 H200 GPUs on a month-to-month basis, which either party may terminate
upon at least 14 days’ written notice prior to any renewal date. It represents annual revenue of approximately $1.2 million. The
deployment commenced and revenue generation began on November 15, 2024, using the Company’s existing inventory of H200 GPUs.

On December 30, 2024, 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, an AI Compute Fund managed by DNA Holdings Venture Inc. The purchase order provides for services utilizing a total of 576
H200 GPUs over a twenty-five month period, terminable 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.

On January 6, 2025, the Company
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, the Company
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