Bit Digital Announces Binding Term Sheet With Boosteroid, A New HPC Customer Representing A More Than $700M Revenue Opportunity Over 5-Year Term
Portfolio Pulse from Benzinga Newsdesk
Bit Digital, Inc. (NASDAQ:BTBT) has signed a binding term sheet with Boosteroid for a high-performance computing project, potentially generating over $700 million in revenue over five years. The initial order is expected to bring in $13 million, with scalability options for up to 50,000 GPU servers.
August 19, 2024 | 8:33 pm
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Bit Digital has entered a binding term sheet with Boosteroid, potentially generating over $700 million in revenue over five years. The initial order is expected to bring in $13 million, with scalability options for up to 50,000 GPU servers.
The partnership with Boosteroid represents a significant revenue opportunity for Bit Digital, with a potential $700 million over five years. The initial order alone is expected to generate $13 million, indicating a strong start. The scalability of the project, with options for up to 50,000 GPU servers, further enhances the potential impact on Bit Digital's revenue and market position.
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