Soluna And Bit Digital Announced A 12-Month 4.4 MW Hosting Contract With Bit Digital; Contract Will Fill Capacity At The Data Center That Is Becoming Available At The Current Customer's Contract Begins To Roll Off In Nov. 2023
Portfolio Pulse from Benzinga Newsdesk
Soluna and Bit Digital have announced a 12-month 4.4 MW hosting contract. The contract will fill capacity at the data center that is becoming available as the current customer's contract begins to roll off in November 2023. The Bit Digital hardware is expected to be online by early November.
October 25, 2023 | 9:13 pm
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Bit Digital has entered into a 12-month hosting contract with Soluna. The hardware is expected to be online by early November.
The new contract with Soluna is a positive development for Bit Digital as it ensures the company has secured hosting capacity for the next year. This could potentially lead to increased operational efficiency and profitability, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Soluna has secured a 12-month hosting contract with Bit Digital. The contract will fill capacity at the data center that is becoming available in November 2023.
The new contract with Bit Digital is a positive development for Soluna as it ensures the company has secured a customer for its data center capacity that is becoming available in November 2023. This could potentially lead to increased revenues and profitability, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100