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Stock impact report

WhiteFiber signs 10-year, 40 MW colocation deal with Nscale valued at about $865 million [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
subsidiary has signed a long-term colocation agreement with Nscale Global Holdings, an AI infrastructure and cloud services provider, in a press release Thursday. The shares rose 13% in after hours trading to $16.19 following news of the deal. The agreement covers 40 megawatts (MW) of critical IT load at WhiteFiber's NC-1 data center campus in Madison, North Carolina, with deployment planned in two 20-MW phases, the company said. The deal represents approximately $865 million in contracted revenue over an initial 10-year term, including annual rate escalators and non-recurring installation services, but excluding electricity and certain other pass-through costs. The data center provider was spun out of legacy miner Bit Digital (BTBT) and went public in August this year, selling 9.4 million shares in an upsized IPO to raise about $160 million in gross proceeds. Bitcoin miners are increasingly pivoting to AI to monetize power contracts and infrastructure. Hut 8 rallied as much Show less Read more
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