Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1127

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1127
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 York Independent System Operator, Inc. (“NYISO”).

80

On April 5, 2023, the Company entered into a letter
agreement and MMSA Amendment with Coinmint pursuant to which Coinmint agreed to provide the Company with up to ten (10) MW of additional
mining capacity to energize the Company’s mining equipment at Coinmint’s hosting facility in Plattsburgh, New York. The agreement
is for two (2) years automatically renewing for three (3) months unless terminated by either party on at least ninety (90) days prior
written notice. The performance fees under this letter agreement range from 30% to 33% of the net profit. This new agreement brings the
Company’s total contracted hosting capacity with Coinmint to approximately 30 MW at this facility.

On April 27, 2023, the Company entered into a
letter agreement and MMSA Amendment with Coinmint pursuant to which Coinmint agreed to provide the Company with up to ten (10) MW of additional
mining capacity to energize the Company’s mining equipment at Coinmint’s hosting facility in Massena, New York. The agreement
is for one (1) year automatically renewing for three (3) months unless terminated by either party on at least ninety (90) days prior written
notice. The performance fees under this letter agreement are 33% of the net profit. This new agreement brings the Company’s total
contracted hosting capacity with Coinmint to approximately 40 MW.

On January 26, 2024, the Company entered into
a letter agreement and MMSA Amendment with Coinmint pursuant to which Coinmint agreed to provide the Company with up to six (6) MW of
additional mining capacity to energize the Company’s mining equipment at Coinmint’s hosting facility in Massena, New York.
The agreement is for one (1) year automatically renewing for three (3) months unless terminated by either party on at least ninety (90)
days prior written notice. The performance fees under this letter agreement are 28% of the net profit. This new agreement brings the Company’s
total contracted hosting capacity with Coinmint to approximately 46 MW.

On September 5, 2024, the Company received a 90-days
notice of non-renewal of colocation mining services agreement from Coinmint, which informed the Company of its intent not to renew 27
MW of the 36 MW total contracted capacity at its Mass