Bit Digital signed contract with Boosteroid to deploy 300 GPUs for $4.6 million

Bit Digital has signed a contract with Boosteroid to deploy 300 graphics processing units, which will provide revenue of $4.6 million over five years. The GPUs are expected to start generating revenue by the end of November.

The agreement allows for expansion up to 50,000 servers, potentially bringing Bit Digital up to $700 million over five years, depending on market conditions and deployment plans.

This strategic partnership allows Bit Digital to diversify its operations, focusing not only on mining but also on high-performance computing, aligning with current market trends.