Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Non-Deal Roadshow (November 2023)
20 slides from Bit Digital's roadshow presentation, Nov 15, 2023
Slide 1: Bit Digital is a sustainable platform for digital asset production and AI infrastructure
Bit Digital is a sustainable platform for digital asset production and AI infrastructure November 2023
Slide 2: Risk factors and safe harbor statement
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward - looking statements described under “Risk Factors” in Item 3.D of our Annual Report on Form 20 - F for the fiscal year ended December
Slide 3: Bit Digital Highlights
Bit Digital Highlights Bit Digital Inc. (Nasdaq: BTBT) is a sustainability focused generator of digital assets Bit Digital is an institutional scale digital asset miner, with a fleet of more than 45,000 specialized computers, diversified across hosting locations in the U.S., Canada, and Iceland Bit
Slide 4: Balance Sheet Remains a Competitive Advantage
Balance Sheet Remains a Competitive Advantage Notes: Data as of 9/30/2023. Figures are unaudited. $50.7 million represents fair market value of digital assets as of 9/30/23 Strong liquidity position to weather potential downturns Balance Sheet as September 30, 2023: $73M total liquidity cash ($22.1M
Slide 5: Third Quarter of 2023 Highlights
Third Quarter of 2023 Highlights Notes: Data as of 9/30/2023. VS 5 Key Figures Q3 2023 Q2 2023 Q3 2022 Total Revenue: $11.6 Million Bitcoin Mined: 403.1 +27% - 6% +27% +28%
Slide 6: Strategic Priorities for 2023
Strategic Priorities for 2023 Maintain a best - in - class balance sheet Continued focus on prudent balance sheet management through 2023 and beyond Strategically deploy capital Opportunistic credit investments Prudent miner fleet growth: target to expand operating fleet to approximately 3.5 EH/s by
Slide 7: Geographically Diversified Hosting Facilities
Geographically Diversified Hosting Facilities 99% Carbon Free As of Q3 2023 Iceland Canada United States 7
Slide 8: Bit Digital is Infrastructure-light
Bit Digital is Infrastructure - light Hosting strategy designed to maximize shareholder returns and operational resiliency We partner with leading data center operators, allowing us to specialize in mining Our hosting contracts provide more than enough to power our current fleet, providing substanti
Slide 9: ESG: We are a Leader in Digital Asset Sustainability
ESG: We are a Leader in Digital Asset Sustainability Our fleet was running on 99% carbon free energy as of September 30, 2023, without using carbon credits or offsets Inspired by the Paris Climate Agreement, the CCA is a private sector - led initiative for the entire crypto community, focused on dec
Slide 10: Bit Digital ETH Staking
Bit Digital ETH Staking Bit Digital has expanded into validating transactions on the Ethereum blockchain Accumulating and actively staking ETH to generate yields New, predictable and recurring stream of digital asset rewards Diversifies into another blue - chip digital asset and provides investors e
Slide 11: ETH Staking Benefits Bit Digital Shareholders
ETH Staking Benefits Bit Digital Shareholders Revenue Diversification: Rewards denominated in ETH APR - earning asset with deflationary properties NAV appreciation potential: Exposure to smart contract economy predicted to be a growing driver of ETH demand Potential for ETH balances to compound over
Slide 12: The Bit Digital Flywheel
The Bit Digital Flywheel Earn rewards by sustainably mining Bitcoin Exchange Bitcoin mining rewards for Ethereum Stake Ethereum to earn yield and accumulate rewards Use Ethereum yield to reinvest into Bitcoin miners Repeat, creating a perpetual flywheel 12
Slide 13: Introducing Bit Digital AI
Introducing Bit Digital AI 13
Slide 14: Bit Digital AI Overview
Bit Digital AI Overview Bit Digital AI is a new business line that provides specialized infrastructure to support generative artificial intelligence (“AI”) workstreams. Bit Digital has procured a fleet of state - of - the - art NVIDIA H100 GPUs that will be deployed at a Tier - 3 datacenter We will
Slide 15: Generative AI Poised for Robust Growth
Generative AI Poised for Robust Growth Generative AI's ability to learn from data and produce original outputs is not just streamlining workflows but also pioneering new forms of creativity and problem - solving . With its robust adaptability and escalating advancements, generative AI is set to beco
Slide 16: Anchor Customer Secured
Anchor Customer Secured Binding term sheet to provide GPU resources to a customer with an initial contract duration spanning one to three years Customer is focused on developing AI applications, including their own proprietary large - language model (LLM), and is well - capitalized following a 2023
Slide 17: Bit Digital AI to drive long-term value creation
Bit Digital AI to drive long - term value creation Integral part of the AI supply chain Unique procurement capabilities for servers and datacenter capacity Minimal customer acquisition costs – strong pipeline of potential customers Value Creation Stable revenue generation to smooth out core mining b
Slide 18: Leadership Team
Leadership Team SAM V. TABAR Chief Executive Officer Mr . Tabar served as Chief Strategy Officer of Bit Digital from 2021 to 2023 . He served as the Co - Founder and Chief Strategy Officer of Fluidity from April 2017 to June 2020 . Prior to this, he held the title of Partner at FullCycle Fund which
Slide 19: Leadership Team
Leadership Team BRYAN BULLETT Senior Advisor Mr . Bullett served as Chief Executive Officer of Bit Digital from 2021 to 2023 . From August 2016 to June 2019 , Mr . Bullett served as Executive Vice President for US affiliates of the company now known as E&P Financial Group . From August 2012 to July
Slide 20: Irving Place New York, NY 10003 United States +1 5121 IR@bit - digital.com
33 Irving Place New York, NY 10003 United States +1 212 463 5121 IR@bit - digital.com