Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1314

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 1314
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 our miners at their facility.

In October 2023, we entered into a strategic co-location
agreement with Soluna Computing, Inc. (“Soluna”) for a term of one (1) year automatically renewing on a month-to-month basis
unless terminated by either party. Pursuant to the terms of the agreement, Soluna provides certain required mining colocation services
to the Company for the purpose of the operation and storage of up to 4.4 MW bitcoin mining system to be delivered by Bit Digital. Soluna
shall also be entitled to 42.5% of the net profit generated by the miners. This agreement expired at the end of October 2024.

In October 2024, we entered into a co-location
agreement with Soluna to continue our business relationship. Under this agreement, Soluna provides certain required mining colocation
services to the Company at their hosting facility in Murray, Kentucky for the purpose of the operation and storage of bitcoin mining system
to be delivered by the Company up to 6.6 MW (3.3 MW for terms of nine (9) months and 3.3 MW for terms of one (1) year), automatically
renewing on a month-to-month basis unless terminated by either party. Soluna shall also be entitled to 35% of the net profit generated
by the miners.

In December 2024, we entered into two additional
co-location agreements with Soluna pursuant to which Soluna agreed to provide the Company with up to 11 MW (5.5 MW and 5.5 MW, respectively).
Both agreements are for one (1) year automatically renewing on a month-to-month basis unless terminated by either party on at least sixty
(60) days prior written notice. Soluna shall also be entitled to 35% and 27.5%, respectively, of 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 December
31, 2024, Soluna provided approximately 11.4 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 (1) year automatically renewing on an annual basis unless terminated by either party by giving a