Bit Digital, a sustainable platform for digital assets and artificial intelligence (AI) infrastructure headquartered in New York City, has finalised its service agreement with its first customer of its new business line, Bit Digital AI.
Under the terms of the agreement, Bit Digital will supply the customer with computational power from 1,504 GPUs for a period of three years. The contract will commence January 2024 and represents more than $35 million of annualised revenue to Bit Digital. To fulfil the contract, the Company has placed a purchase order for servers manufactured by with Super Micro Computer, Inc., an authorised Nvidia OEM, that are equipped with 1,504 Nvidia HGX H100 GPUs along with related equipment, which are expected to be delivered to the Company by January 2024.
The Company will deploy its initial fleet of 1,504 GPUs at a data centre located in northern Iceland in an area unaffected, to date, by any earthquake or tremors. Bit Digital has finalised an agreement to secure 2.5 MW of data centre capacity for a contract term of 3 years.