Bit Digital strengthens GPU cloud business with new customer agreement
Portfolio Pulse from
Bit Digital Inc (NASDAQ:BTBT) has signed a new agreement to supply 464 Nvidia B200 GPUs to a key customer, replacing a previous contract for 2,048 H100 GPUs. Discussions for additional GPU contracts in 2025 are ongoing.
January 24, 2025 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bit Digital has secured a new agreement to supply 464 Nvidia B200 GPUs, replacing a previous contract for 2,048 H100 GPUs. The company is in talks for more contracts in 2025.
The new agreement indicates a shift in Bit Digital's GPU supply strategy, which could impact revenue depending on the terms of the new contract compared to the previous one. The ongoing discussions for 2025 contracts suggest potential future growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90