Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 101

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 101
---
 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 was for two 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 agreement brought 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 10 MW of additional mining capacity to energize the Company’s mining equipment at Coinmint’s hosting
facility in Massena, New York. The agreement was for one year automatically renewing for three (3) months unless terminated by either
party on at least 90 days prior written notice. The performance fees under this letter agreement are 33% of the net profit. This new
agreement brought the Company’s total contracted hosting capacity with Coinmint to approximately 40 MW.

50

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 MW of additional mining capacity to energize the Company’s mining equipment at Coinmint’s hosting
facility in Massena, New York. The agreement was for one year automatically renewing for three months unless terminated by either party
on at least 90 days prior written notice. The performance fees under this letter agreement are 28% of the net profit. This agreement
brought 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 Massena, New York site, effective
December 7, 2024. Subsequently, on October 29, 2024, the Company received an additional 90-days notice of non