Bit Digital Finalizes Agreement To Supply An Existing Customer With An Additional 2,048 GPUs Over Three-year Term Commencing Upon Deployment
Portfolio Pulse from Benzinga Newsdesk
Bit Digital has finalized an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term, totaling 4,096 GPUs and generating approximately $275 million in revenue. The company has placed a purchase order for 256 servers from Dell Technologies, equipped with Nvidia HGX H100 GPUs, to be delivered in July 2024. Bit Digital is also evaluating debt financing options for its hardware assets.
June 25, 2024 | 12:09 pm
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Bit Digital has secured a significant agreement to supply 4,096 GPUs over three years, generating $275 million in revenue. The company has placed a purchase order for servers from Dell Technologies, equipped with Nvidia GPUs, to be delivered in July 2024.
The agreement significantly boosts Bit Digital's revenue and demonstrates strong demand for its services. The purchase order with Dell Technologies and the use of Nvidia GPUs further solidify its market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dell Technologies will supply 256 servers equipped with Nvidia HGX H100 GPUs to Bit Digital, as part of a $275 million agreement over three years.
The purchase order from Bit Digital represents a significant sale for Dell Technologies, highlighting its role as a key supplier of high-performance servers and Nvidia GPUs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nvidia's HGX H100 GPUs will be used in 256 servers supplied by Dell Technologies to Bit Digital, as part of a $275 million agreement over three years.
The use of Nvidia's HGX H100 GPUs in the servers ordered by Bit Digital underscores the demand for Nvidia's high-performance GPUs, potentially boosting its sales and market presence.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60