Bit Digital Announces New Hosting Location in Kentucky

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce that it has finalized an agreement with Soluna Computing, Inc (“Soluna”) for 4.4 megawatts of incremental hosting capacity at Project Sophie in Kentucky to power its miners for an initial contract term of twelve months. The company will fill the capacity with existing miners from its fleet and expects the miners to be actively hashing by early-November, 2023.

Sam Tabar, Bit Digital’s CEO, commented: “We are pleased to enter into this agreement and further diversify our hosting portfolio both geographically and across counterparties. We believe this contract is structured in such way to provide us with enhanced operational flexibility through the ‘halving’ scheduled for 2024.”