Bit Digital plans to lock in further GPU commitment from customer [Seeking Alpha]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Seeking Alpha
processing units (GPUs), the digital assets and AI infrastructure platform said on Tuesday. The proposal calls for 2,048 more GPUs, amounting to a total of 4,096 GPUs under the amended deal. Should the company accept the proposal, subject to agreement on certain terms and conditions, it would help BTBT towards achieving its goal for its Bit Digital AI business to reach a $100M run-rate for annualized revenue. "This further commitment from our customer is a testament to our execution in rapidly supplying them with mission critical GPU capacity," said Bit Digital CEO Sam Tabar. "Our focus remains on fulfilling our current customer needs and onboarding new customers as we aim to significantly and rapidly scale this business line," he added. Recommended For You More Trending News Recommended For You More Trending News About BTBT Stock Related Stocks Trending Analysis Trending News
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BTBT
Sec Filings
- 4/5/24 - Form EFFECT
- 3/25/24 - Form POS
- 3/21/24 - Form RW
- BTBT's page on the SEC website