Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 68

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 68
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 data center and cloud services
businesses, avoiding expenses that would otherwise be due to third-party providers.

Our cloud services business provides cutting-edge,
bespoke services involving a sophisticated array of computers and chips, including NVIDIA GPUs, servers, network equipment, and data
storage solutions. We believe we provide our cloud services customers with the highest levels of performance and reliability while offering
flexibility to scale with customer needs. Our cloud services solutions include a proprietary software layer that enables our customers
to rapidly and reliably deploy AI applications with superior performance. We are offering our cloud services initially at a data center
maintained by a third-party colocation provider in Iceland (the “Iceland Data Center”) but have plans to seamlessly integrate
our cloud services at data centers across key regions in Europe and North America. In the fourth quarter of 2023, we secured our first
cloud customer through a three-year service agreement to provide services using our advanced AI equipment. We believe that both of our
businesses are poised to benefit from increased market demand. This is illustrated by our demonstrated ability to pre-sign end users
prior to committing capital for expansions, both for new data center sites and for GPU server procurement.

The digital asset business segment of the
Digital Infrastructure Business (the “Digital Asset Business Segment”) is comprised primarily of two distinct but highly
complementary operations: (i) digital asset mining (the “Digital Asset Mining Operations”); and (ii) ETH staking (the “ETH
Staking Operations”).

Cloud Services

We provide specialized cloud services to support
generative AI workstreams, especially training and inference, emphasizing 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